DIRTT Environmental Solutions (DRTT) Short Interest Ratio & Short Volume

Short interest is the volume of DIRTT Environmental Solutions shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 725,700 shares of DRTT short. 1.03% of DIRTT Environmental Solutions' shares are currently sold short. Learn More on DIRTT Environmental Solutions' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. DRTT shares currently have a short interest ratio of 2.0. Learn More on DIRTT Environmental Solutions's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of DIRTT Environmental Solutions: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.03% of DIRTT Environmental Solutions' floating shares are currently sold short.

DIRTT Environmental Solutions saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 725,700 shares, a drop of 0.5% from the previous total of 729,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

DIRTT Environmental Solutions currently has issued a total of 104,445,000 shares. Some of DIRTT Environmental Solutions' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. DIRTT Environmental Solutions currently has a public float of 70,140,000 shares.

1.03% of DIRTT Environmental Solutions' shares are currently sold short. Here is how the short interest of companies in the sector of "industrials" compare to DIRTT Environmental Solutions: WANG & LEE GROUP, Inc. (0.76%), Wilhelmina International, Inc. (0.46%), CVD Equipment Co. (0.60%), SPAR Group, Inc. (0.02%), HireRight Holdings Co. (12.59%), Euro Tech Holdings Company Limited (0.31%), Yellow Co. (26.91%), Orbital Infrastructure Group, Inc. (2.32%), Energy Services of America Co. (0.15%), Dycom Industries, Inc. (5.97%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling DRTT is an investing strategy that aims to generate trading profit from DIRTT Environmental Solutions as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for DIRTT Environmental Solutions occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of DRTT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DRTT, twice per month. The most recent reporting period available is August, 31 2023.