On Track Innovations (OTIV) Short Interest Ratio & Short Volume

Short interest is the volume of On Track Innovations shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 320,100 shares of OTIV short. 0.89% of On Track Innovations' shares are currently sold short. Learn More on On Track Innovations' 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. OTIV shares currently have a short interest ratio of 8.0. Learn More on On Track Innovations'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. 0.89% of On Track Innovations' floating shares are currently sold short.

On Track Innovations saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 320,100 shares, a decline of 7.3% from the previous total of 345,400 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.

On Track Innovations currently has issued a total of 41,320,000 shares. Some of On Track Innovations' 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. On Track Innovations currently has a public float of 35,970,000 shares.

0.89% of On Track Innovations' shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to On Track Innovations: SemiLEDs Co. (0.82%), SCWorx Corp. (24.85%), Lytus Technologies Holdings PTV. Ltd. (4.66%), Taoping Inc. (6.06%), My Size, Inc. (0.65%), Sigma Additive Solutions, Inc. (1.23%), UTime Limited (0.04%), Cemtrex, Inc. (2.85%), Versus Systems Inc. (0.33%), Infobird Co., Ltd (1.82%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Alibaba Group Holding Limited ($3.24 billion), Sempra ($2.36 billion), Digital Realty Trust, Inc. ($1.78 billion), Twilio Inc. ($1.67 billion), Alexandria Real Estate Equities, Inc. ($1.27 billion), Insulet Co. ($909.50 million), Guidewire Software, Inc. ($704.80 million), Zendesk, Inc. ($602.65 million), Medidata Solutions Inc ($560.77 million), and Prosperity Bancshares, Inc. ($437.13 million). View all of the most shorted stocks.

Short selling OTIV is an investing strategy that aims to generate trading profit from On Track Innovations 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 On Track Innovations 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 OTIV, 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 OTIV, twice per month. The most recent reporting period available is October, 15 2019.