Heritage-Crystal Clean (HCCI) Short Interest Ratio & Short Volume

Short interest is the volume of Heritage-Crystal Clean shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 239,500 shares of HCCI short. 1.42% of Heritage-Crystal Clean's shares are currently sold short. Learn More on Heritage-Crystal Clean'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. HCCI shares currently have a short interest ratio of 1.0. Learn More on Heritage-Crystal Clean's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Heritage-Crystal Clean: Citadel Advisors 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. 1.42% of Heritage-Crystal Clean's floating shares are currently sold short.

Heritage-Crystal Clean saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 239,500 shares, an increase of 26.4% from the previous total of 189,500 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.

Heritage-Crystal Clean currently has issued a total of 24,370,000 shares. Some of Heritage-Crystal Clean'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. Heritage-Crystal Clean currently has a public float of 16,870,000 shares.

1.42% of Heritage-Crystal Clean's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Heritage-Crystal Clean: Hyster-Yale Materials Handling, Inc. (5.33%), TriMas Co. (0.62%), MRC Global Inc. (1.48%), ScanSource, Inc. (2.26%), The Gorman-Rupp Company (0.68%), Astec Industries, Inc. (1.72%), Columbus McKinnon Co. (0.88%), Cadre Holdings, Inc. (4.44%), Apogee Enterprises, Inc. (5.37%), DXP Enterprises, Inc. (4.72%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.11 billion), Charter Communications, Inc. ($3.68 billion), T-Mobile US, Inc. ($3.56 billion), Canadian Natural Resources Limited ($3.54 billion), Occidental Petroleum Co. ($3.02 billion), Tractor Supply ($2.29 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($1.91 billion), Celsius Holdings, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.76 billion). View all of the most shorted stocks.

Short selling HCCI is an investing strategy that aims to generate trading profit from Heritage-Crystal Clean 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 Heritage-Crystal Clean 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 HCCI, 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 HCCI, twice per month. The most recent reporting period available is September, 30 2023.