Omega Flex Short Interest Ratio and Short Volume

+1.40 (+0.95 %)
(As of 05/5/2021 04:30 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume21,788 shs
Average Volume11,260 shs
Market Capitalization$1.50 billion
P/E Ratio81.99
Dividend Yield0.76%

Short Interest

Omega Flex (NASDAQ:OFLX) Short Interest Data

Current Short Volume232,700 shares
Previous Short Volume227,500 shares
Change Vs. Previous Month+2.29%
Dollar Volume Sold Short$34.17 million
Short Interest Ratio / Days to Cover19.2
Last Record DateApril, 15 2021
Outstanding Shares10,090,000 shares
Float Size3,040,000 shares
Short Percent of Float7.65%
Today's Trading Volume21,788 shares
Average Trading Volume11,260 shares
Today's Volume Vs. Average93.50%

Short Interest Over Time

Omega Flex (NASDAQ:OFLX) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021232,700 shares $34.17 million +2.3%7.7%19.2$146.85
3/31/2021227,500 shares $36.52 million -26.1%7.5%19$160.52
3/15/2021308,000 shares $51.39 million +6.5%10.7%27.3$166.85
2/26/2021289,100 shares $42.93 million +0.9%10.0%26.8$148.50
2/12/2021286,500 shares $42.50 million -6.5%10.0%31.5$148.34
1/29/2021306,300 shares $54.78 million -1.7%10.6%31.9$178.84
1/15/2021311,700 shares $45.55 million +0.4%10.8%34.3$146.12
12/31/2020310,500 shares $45.05 million +1.1%10.8%33$145.10
12/15/2020307,000 shares $49.45 million -7.7%10.7%30.7$161.06
11/30/2020332,500 shares $48.63 million +5.9%11.6%28.4$146.26
11/15/2020314,000 shares $43.97 million +1.0%10.9%27.3$140.04
10/30/2020310,800 shares $48.40 million -1.7%10.8%29$155.72
10/15/2020316,000 shares $55.02 million +0.8%11.0%30.4$174.10
9/30/2020313,500 shares $49.13 million +2.9%10.9%31.7$156.72
9/15/2020304,800 shares $39.57 million -1.3%10.6%33.1$129.83
8/31/2020308,800 shares $40.68 million -3.1%10.7%39.1$131.74
8/14/2020318,700 shares $40.08 million -1.7%11.1%37.5$125.75
7/31/2020324,100 shares $40.76 million +0.6%11.3%36.4 $125.75
7/15/2020322,200 shares $36.57 million +1.5%11.2%33.6$113.50
6/30/2020317,400 shares $33.17 million +3.9%11.0%32.1$104.51
6/15/2020305,400 shares $28.12 million +2.3%10.6%31.5$92.06
5/29/2020298,500 shares $30.75 million -0.6%10.4%27.9$103.00
5/15/2020300,200 shares $28.07 million +4.8%10.4%28.9$93.50
4/30/2020286,600 shares $25.82 million -1.1%10.0%25.6$90.10
4/15/2020289,800 shares $22.75 million -1.9%10.1%27.1$78.49

Omega Flex (NASDAQ:OFLX) Short Interest FAQ

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What is Omega Flex's current short interest?

Short interest is the volume of Omega Flex shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 232,700 shares of OFLX short. 7.65% of Omega Flex's shares are currently sold short. View details.

What is a good short interest ratio for Omega Flex?

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. Omega Flex currently has a short interest ratio of 19.0.

What is a good short interest percentage for Omega Flex?

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. 7.65% of Omega Flex's floating shares are currently sold short.

Is Omega Flex's short interest increasing or decreasing?

Omega Flex saw a increase in short interest in April. As of April 15th, there was short interest totaling 232,700 shares, an increase of 2.3% from the previous total of 227,500 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.

What is Omega Flex's float size?

Omega Flex currently has issued a total of 10,094,000 shares. Some of Omega Flex'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. Omega Flex currently has a public float of 3,040,000 shares.

How does Omega Flex's short interest compare to its competitors?

7.65% of Omega Flex's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "industrial machinery" compare to Omega Flex: Illinois Tool Works Inc. (1.24%), Parker-Hannifin Co. (0.00%), Stanley Black & Decker, Inc. (0.00%), Dover Co. (0.95%), Xylem Inc. (1.76%), Ingersoll Rand Inc. (0.00%), IDEX Co. (1.49%), Graco Inc. (0.00%), Snap-on Incorporated (5.01%), and Nordson Co. (0.67%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Omega Flex stock?

Short selling OFLX is an investing strategy that aims to generate trading profit from Omega Flex as its price is falling. Omega Flex's stock is trading up $1.40 today. To short Omega Flex 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 Omega Flex 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 Omega Flex?

A short squeeze for Omega Flex 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 OFLX, which in turn drives the price of the stock up even further.

How often is Omega Flex's 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 OFLX, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/5/2021 by Staff
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