Free Trial

Iridium Communications (IRDM) Short Interest Ratio & Short Volume

$26.84
+0.45 (+1.71%)
(As of 07/17/2024 ET)

Iridium Communications Short Interest Data

Current Short Interest
4,540,000 shares
Previous Short Interest
4,930,000 shares
Change Vs. Previous Month
-7.91%
Dollar Volume Sold Short
$120.85 million
Short Interest Ratio
4.2 Days to Cover
Last Record Date
June 30, 2024
Outstanding Shares
121,430,000 shares
Float Size
107,660,000 shares
Short Percent of Float
4.22%
Today's Trading Volume
1,222,759 shares
Average Trading Volume
1,079,586 shares
Today's Volume Vs. Average
113%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
Short Selling Iridium Communications ?

Sign up to receive the latest short interest report for Iridium Communications and its competitors with MarketBeat's FREE newsletter.

Skip Charts & View Short Interest History

IRDM Short Interest Over Time

IRDM Days to Cover Over Time

IRDM Percentage of Float Shorted Over Time

Iridium Communications Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
6/30/20244,540,000 shares $120.85 million -7.9%4.2%4.2 $26.62
6/15/20244,930,000 shares $130.40 million -6.3%4.6%4.5 $26.45
5/31/20245,260,000 shares $158.38 million -2.1%4.9%4.7 $30.11
5/15/20245,370,000 shares $163.46 million +8.9%5.0%4.6 $30.44
4/30/20244,930,000 shares $151.79 million +26.4%4.6%3.7 $30.79
4/15/20243,900,000 shares $96.14 million +8.6%3.6%3.1 $24.65
3/31/20243,590,000 shares $93.91 million +5.6%3.3%3.2 $26.16
3/15/20243,400,000 shares $91.80 million +27.3%3.1%3.3 $27.00
2/29/20242,670,000 shares $77.30 million +0.8%2.4%2.8 $28.95
2/15/20242,650,000 shares $80.75 million -1.5%2.4%3.1 $30.47
1/31/20242,690,000 shares $97.54 million +0.8%2.4%3.7 $36.26
1/15/20242,670,000 shares $102.37 million +17.6%2.4%3.8 $38.34
12/31/20232,270,000 shares $93.43 million -11.0%2.1%3.1 $41.16
12/15/20232,550,000 shares $102.03 million -1.2%2.3%3.4 $40.01
11/30/20232,580,000 shares $98.30 million No Change2.3%3.3 $38.10
11/15/20232,580,000 shares $96.65 million -0.8%2.3%3.6 $37.46
10/31/20232,600,000 shares $96.33 million +11.6%2.4%3.7 $37.05
10/15/20232,330,000 shares $98.98 million +4.0%2.1%2.7 $42.48
9/30/20232,240,000 shares $101.90 million -11.5%2.0%2.8 $45.49
9/15/20232,530,000 shares $120.30 million No Change2.3%3.2 $47.55
8/31/20232,530,000 shares $123.84 million -7.0%2.3%2.5 $48.95
8/15/20232,720,000 shares $136.76 million -5.9%2.4%2.7 $50.28
7/31/20232,890,000 shares $151.87 million +18.0%2.6%2.9 $52.55
7/15/20232,450,000 shares $147.78 million -2.0%2.2%2.6 $60.32
6/30/20232,500,000 shares $155.30 million -44.0%2.2%2.8 $62.12
6/15/20234,460,000 shares $272.24 million +8.8%4.0%5.1 $61.04
5/31/20234,100,000 shares $246.16 million +0.7%3.6%6 $60.04
5/15/20234,070,000 shares $251.28 million No Change3.6%5.9 $61.74
10/31/20225,960,000 shares $307.12 million -4.3%5.3%10 $51.53
10/15/20226,230,000 shares $290.57 million +4.0%5.6%10.7 $46.64
9/30/20225,990,000 shares $265.78 million -7.9%5.3%11 $44.37
9/15/20226,500,000 shares $289.90 million +6.6%5.7%12.1 $44.60
8/31/20226,100,000 shares $270.78 million -6.9%5.4%11.4 $44.39
8/15/20226,550,000 shares $305.69 million -1.4%5.8%14 $46.67
7/31/20226,640,000 shares $296.87 million +7.3%5.9%13.6 $44.71
7/15/20226,190,000 shares $243.14 million -1.8%5.4%12.6 $39.28
6/30/20226,300,000 shares $236.63 million -5.4%5.5%12.2 $37.56
6/15/20226,660,000 shares $241.76 million -0.3%5.8%12.6 $36.30
5/31/20226,680,000 shares $247.89 million +2.8%5.8%12.6 $37.11
5/15/20226,500,000 shares $224.84 million +0.3%5.7%10 $34.59
This student turned $1,300 into $45,000 in just 4 Months! (Ad)

With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... In fact, it just detected a move happening this MONDAY.

See here to see the full details.
4/30/20226,480,000 shares $231.40 million +5.0%5.7%7.5 $35.71
4/15/20226,170,000 shares $249.95 million -3.9%5.4%5.8 $40.51
3/31/20226,420,000 shares $258.85 million +0.2%N/A0 $40.32
3/15/20226,410,000 shares $243.13 million +2.6%5.6%5.7 $37.93
2/28/20226,250,000 shares $247.44 million +8.7%5.5%5.4 $39.59
2/15/20225,750,000 shares $205.56 million -10.9%5.0%5 $35.75
1/31/20226,450,000 shares $231.43 million +4.7%5.5%6.4 $35.88
1/15/20226,160,000 shares $230.63 million -3.8%N/A8.6 $37.44
12/31/20216,400,000 shares $264.26 million +0.5%5.4%9.3 $41.29
12/15/20216,370,000 shares $263.27 million -11.3%5.4%9.2 $41.33
11/30/20217,180,000 shares $276.07 million +5.9%6.1%10.4 $38.45
11/15/20216,780,000 shares $284.90 million -1.2%5.8%9.1 $42.02
10/29/20216,860,000 shares $278.17 million -4.3%5.9%9.4 $40.55
10/15/20217,170,000 shares $281.28 million +9.8%6.2%9.7 $39.23
9/30/20216,530,000 shares $260.22 million -2.8%5.6%8.9 $39.85
9/15/20216,720,000 shares $300.65 million +0.2%5.8%9.2 $44.74
8/31/20216,710,000 shares $298.66 million +1.1%5.8%9.6 $44.51
8/13/20216,640,000 shares $269.98 million +2.8%5.8%9.9 $40.66
7/30/20216,460,000 shares $272.81 million +1.6%5.6%8.5 $42.23
7/15/20216,360,000 shares $235.57 million +0.5%5.5%7.8 $37.04
6/30/20216,330,000 shares $253.14 million -6.6%5.4%7.3 $39.99
6/15/20216,780,000 shares $267.81 million -6.7%5.8%7.5 $39.50
5/28/20217,270,000 shares $277.79 million -0.3%6.2%7.9 $38.21
5/14/20217,290,000 shares $266.52 million +39.9%6.2%6.5 $36.56
4/30/20215,210,000 shares $199.23 million +9.7%4.5%3.2 $38.24
4/15/20214,750,000 shares $195.37 million -5.0%4.1%2.9 $41.13
3/31/20215,000,000 shares $199 million +4.2%4.3%3 $39.80
3/15/20214,800,000 shares $199.01 million +30.4%4.1%3 $41.46
2/26/20213,680,000 shares $142.42 million -6.6%3.1%2.4 $38.70
2/12/20213,940,000 shares $181.67 million -17.1%3.4%2.8 $46.11
1/29/20214,750,000 shares $236.69 million -12.4%4.1%5.7 $49.83
1/15/20215,420,000 shares $254.31 million +1.9%4.6%7.8 $46.92
12/31/20205,320,000 shares $207.59 million -1.9%4.6%8.5 $39.02
12/15/20205,420,000 shares $184.61 million +1.3%4.6%8.4 $34.06
11/30/20205,350,000 shares $176.12 million +24.1%4.6%7.7 $32.92
11/15/20204,310,000 shares $134.52 million -8.7%3.7%6.1 $31.21
10/30/20204,720,000 shares $124.84 million -15.6%4.1%7.1 $26.45
10/15/20205,590,000 shares $159.32 million -12.5%4.8%7.6 $28.50
9/30/20206,390,000 shares $163.46 million +4.6%5.5%8.8 $25.58
9/15/20206,110,000 shares $174.50 million -4.1%5.3%7.8 $28.56
8/31/20206,370,000 shares $178.42 million -3.8%5.5%8.5 $28.01
8/14/20206,620,000 shares $189.86 million -3.9%5.7%8.7 $28.68
7/31/20206,890,000 shares $188.72 million -14.2%6.0%8.6 $27.39
7/15/20208,030,000 shares $210.71 million -2.6%7.0%10.3 $26.24
6/30/20208,240,000 shares $209.63 million +0.9%7.1%10.7 $25.44
6/15/20208,170,000 shares $216.10 million +4.5%7.1%10.7 $26.45
5/29/20207,820,000 shares $179.86 million +1.4%6.8%9 $23.00
5/15/20207,710,000 shares $160.68 million -4.9%6.7%8.2 $20.84
4/30/20208,110,000 shares $182.52 million +9.2%7.0%8.2 $22.51
4/15/20207,430,000 shares $168.22 million -2.5%6.4%7.7 $22.64
This student turned $1,300 into $45,000 in just 4 Months! (Ad)

With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... In fact, it just detected a move happening this MONDAY.

See here to see the full details.
3/31/20207,620,000 shares $178.99 million -17.7%6.6%7.9 $23.49
3/13/20209,255,900 shares $218.90 million +4.8%8.1%9.8 $23.65
2/28/20208,830,000 shares $175.98 million -5.2%7.7%11.6 $19.93
2/14/20209,310,000 shares $234.43 million +3.1%8.2%12.7 $25.18
1/31/20209,030,000 shares $264.31 million -10.1%7.9%13.7 $29.27
1/15/202010,040,000 shares $310.74 million -1.4%8.8%16 $30.95
12/31/201910,180,000 shares $260.00 million +4.6%8.9%16.9 $25.54

IRDM Short Interest - Frequently Asked Questions

What is Iridium Communications' current short interest?

Short interest is the volume of Iridium Communications shares that have been sold short but have not yet been covered or closed out. As of June 30th, investors have sold 4,540,000 shares of IRDM short. 4.22% of Iridium Communications' shares are currently sold short. Learn More on Iridium Communications' current short interest.

What is a good short interest ratio for Iridium Communications?

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. IRDM shares currently have a short interest ratio of 4.0. Learn More on Iridium Communications's short interest ratio.

Which institutional investors are shorting Iridium Communications?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Iridium Communications: Walleye Trading LLC, PEAK6 Investments LLC, and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Iridium Communications?

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. 4.22% of Iridium Communications' floating shares are currently sold short.

Is Iridium Communications' short interest increasing or decreasing?

Iridium Communications saw a decrease in short interest in June. As of June 30th, there was short interest totaling 4,540,000 shares, a decrease of 7.9% from the previous total of 4,930,000 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.

What is Iridium Communications' float size?

Iridium Communications currently has issued a total of 121,430,000 shares. Some of Iridium Communications' 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. Iridium Communications currently has a public float of 107,660,000 shares.

How does Iridium Communications' short interest compare to its competitors?

4.22% of Iridium Communications' shares are currently sold short. Here is how the short interest of companies compare to Iridium Communications: Cogent Communications Holdings, Inc. (10.69%), Lumentum Holdings Inc. (15.78%), ESCO Technologies Inc. (1.14%), Napco Security Technologies, Inc. (10.35%), PowerFleet, Inc. (1.70%), Turtle Beach Co. (2.97%), Iteris, Inc. (0.47%), Rekor Systems, Inc. (16.96%), Inseego Corp. (9.36%), Senstar Technologies Co. (0.77%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.71 billion), TC Energy Co. ($2.95 billion), Moderna, Inc. ($2.63 billion), Royal Caribbean Cruises Ltd. ($2.53 billion), Paychex, Inc. ($2.03 billion), Cencora, Inc. ($2.03 billion), Tractor Supply ($1.91 billion), Rivian Automotive, Inc. ($1.78 billion), Chesapeake Energy Co. ($1.50 billion), and United Therapeutics Co. ($1.40 billion). View all of the most shorted stocks.

What does it mean to sell short Iridium Communications stock?

Short selling IRDM is an investing strategy that aims to generate trading profit from Iridium Communications as its price is falling. IRDM shares are trading up $0.45 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.

How does a short squeeze work against Iridium Communications?

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

How often is Iridium Communications' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including IRDM, twice per month. The most recent reporting period available is June, 30 2024.



This page (NASDAQ:IRDM) was last updated on 7/18/2024 by MarketBeat.com Staff

From Our Partners