Orbital Infrastructure Group (OIG) Short Interest Ratio & Short Volume

Short interest is the volume of Orbital Infrastructure Group shares that have been sold short but have not yet been closed out or covered. As of August 15th, investors have sold 91,200 shares of OIG short. 2.32% of Orbital Infrastructure Group's shares are currently sold short. Learn More on Orbital Infrastructure Group'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. OIG shares currently have a short interest ratio of 2.0. Learn More on Orbital Infrastructure Group's short interest ratio.

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. 2.32% of Orbital Infrastructure Group's floating shares are currently sold short.

Orbital Infrastructure Group saw a drop in short interest in August. As of August 15th, there was short interest totaling 91,200 shares, a drop of 25.5% from the previous total of 122,400 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.

Orbital Infrastructure Group currently has issued a total of 4,637,000 shares. Some of Orbital Infrastructure Group'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. Orbital Infrastructure Group currently has a public float of 3,930,000 shares.

2.32% of Orbital Infrastructure Group's shares are currently sold short. Here is how the short interest of companies in the sector of "industrials" compare to Orbital Infrastructure Group: Energy Services of America Co. (6.82%), Highway Holdings Limited (1.14%), Fusion Fuel Green PLC (1.59%), urban-gro, Inc. (3.32%), Advent Technologies Holdings, Inc. (1.36%), JE Cleantech Holdings Limited (0.46%), American Rebel Holdings, Inc. (21.31%), Crown ElectroKinetics Corp. (17.52%), LogicMark, Inc. (3.29%), Danimer Scientific, Inc. (18.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.78 billion), Occidental Petroleum Co. ($3.04 billion), Royal Caribbean Cruises Ltd. ($2.10 billion), Celsius Holdings, Inc. ($1.98 billion), Coinbase Global, Inc. ($1.97 billion), T. Rowe Price Group, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.83 billion), Tractor Supply ($1.82 billion), Moderna, Inc. ($1.66 billion), and CarMax, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling OIG is an investing strategy that aims to generate trading profit from Orbital Infrastructure Group 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 Orbital Infrastructure Group 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 OIG, 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 OIG, twice per month. The most recent reporting period available is August, 15 2023.