Grindrod Shipping - GRIN Short Interest Ratio & Short Volume

Short interest is the volume of Grindrod Shipping shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 582,500 shares of GRIN short. 4.40% of Grindrod Shipping's shares are currently sold short. Learn More on Grindrod Shipping's 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. GRIN shares currently have a short interest ratio of 2.0. Learn More on Grindrod Shipping's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Grindrod Shipping: Susquehanna International Group LLP, CSS LLC IL, Group One Trading L.P., Simplex Trading LLC, and 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. 4.40% of Grindrod Shipping's floating shares are currently sold short.

Grindrod Shipping saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 582,500 shares, a decline of 8.9% from the previous total of 639,600 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.

Grindrod Shipping currently has issued a total of 19,250,000 shares. Some of Grindrod Shipping's 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. Grindrod Shipping currently has a public float of 13,240,000 shares.

4.40% of Grindrod Shipping's shares are currently sold short. Here is how the short interest of companies in the industry of "deep sea foreign transportation of freight" compare to Grindrod Shipping: SEACOR Marine Holdings Inc. (1.18%), Capital Product Partners L.P. (0.61%), Overseas Shipholding Group, Inc. (0.46%), Pangaea Logistics Solutions, Ltd. (3.74%), Euroseas Ltd. (5.60%), Diana Shipping Inc. (2.95%), StealthGas Inc. (0.43%), Castor Maritime Inc. (1.80%), Tsakos Energy Navigation Limited (0.46%), and Safe Bulkers, Inc. (4.50%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.81 billion), Charter Communications, Inc. ($3.04 billion), T. Rowe Price Group, Inc. ($1.98 billion), PG&E Co. ($1.92 billion), Lucid Group, Inc. ($1.90 billion), Coinbase Global, Inc. ($1.75 billion), Roblox Co. ($1.58 billion), Rivian Automotive, Inc. ($1.54 billion), Diamondback Energy, Inc. ($1.53 billion), and Old Dominion Freight Line, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling GRIN is an investing strategy that aims to generate trading profit from Grindrod Shipping as its price is falling. GRIN shares are trading down $0.59 today. 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 Grindrod Shipping 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 GRIN, 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 GRIN, twice per month. The most recent reporting period available is October, 31 2022.