Ocean Power Technologies (OPTT) Short Interest Ratio & Short Volume

Short interest is the volume of Ocean Power Technologies shares that have been sold short but have not yet been covered or closed out. As of July 30th, traders have sold 4,260,000 shares of OPTT short. Learn More on Ocean Power Technologies' 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. OPTT shares currently have a short interest ratio of 2.0. Learn More on Ocean Power Technologies's short interest ratio.

Ocean Power Technologies saw a decline in short interest in July. As of July 30th, there was short interest totaling 4,260,000 shares, a decline of 11.4% from the previous total of 4,810,000 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.

Here is how the short interest of companies compare to Ocean Power Technologies: Heliogen, Inc. (2.74%), Eco Wave Power Global AB (publ) (8.00%), Global Gas Co. (1.41%), VivoPower International PLC (12.23%), Marine Petroleum Trust (0.14%), iSun, Inc. (1.38%), Snow Lake Resources Ltd. (0.15%), SPI Energy Co., Ltd. (0.36%), Brenmiller Energy Ltd (0.03%), Recon Technology, Ltd. (0.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($9.46 billion), Block, Inc. ($7.91 billion), S&P Global Inc. ($7.79 billion), Analog Devices, Inc. ($7.10 billion), Moderna, Inc. ($6.65 billion), Aon plc ($5.10 billion), Charter Communications, Inc. ($5.09 billion), Wayfair Inc. ($3.82 billion), Teladoc Health, Inc. ($2.64 billion), and Nuance Communications, Inc. ($2.45 billion). View all of the most shorted stocks.

Short selling OPTT is an investing strategy that aims to generate trading profit from Ocean Power Technologies 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 Ocean Power Technologies 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 OPTT, 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 OPTT, twice per month. The most recent reporting period available is July, 30 2021.