Otter Tail (OTTR) Short Interest Ratio & Short Volume

$84.28
+0.03 (+0.04%)
(As of 04/22/2024 ET)

Otter Tail Short Interest Data

Current Short Volume
3,280,000 shares
Previous Short Volume
3,370,000 shares
Change Vs. Previous Month
-2.67%
Dollar Volume Sold Short
$283.39 million
Short Interest Ratio / Days to Cover
11.9
Last Record Date
March 31, 2024
Outstanding Shares
41,710,000 shares
Float Size
40,840,000 shares
Short Percent of Float
8.03%
Today's Trading Volume
115,692 shares
Average Trading Volume
258,344 shares
Today's Volume Vs. Average
45%
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OTTR Short Interest Over Time

OTTR Days to Cover Over Time

OTTR Percentage of Float Shorted Over Time

Otter Tail Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20243,280,000 shares $283.39 million -2.7%8.0%11.9 $86.40
3/15/20243,370,000 shares $272.43 million +2.7%8.3%13.2 $80.84
2/29/20243,280,000 shares $296.71 million -9.4%8.1%12.7 $90.46
2/15/20243,620,000 shares $328.08 million -6.2%8.9%14.6 $90.63
1/31/20243,860,000 shares $349.02 million -5.6%9.5%17.8 $90.42
1/15/20244,090,000 shares $339.51 million -3.1%10.0%17.9 $83.01
12/31/20234,220,000 shares $358.57 million -12.6%10.3%19.1 $84.97
12/15/20234,830,000 shares $381.04 million +10.5%11.8%21 $78.89
11/30/20234,370,000 shares $333.47 million +2.1%10.7%20.4 $76.31
11/15/20234,280,000 shares $337.14 million +11.8%10.5%19.6 $78.77
10/31/20233,830,000 shares $294.68 million +2.4%9.4%17 $76.94
10/15/20233,740,000 shares $278.59 million -6.7%9.2%17.2 $74.49
9/30/20234,010,000 shares $304.44 million +0.8%9.8%19.6 $75.92
9/15/20233,980,000 shares $304.03 million +14.7%9.8%20.9 $76.39
8/31/20233,470,000 shares $285.82 million +7.8%8.5%18.4 $82.37
8/15/20233,220,000 shares $283.71 million +11.4%7.9%17.7 $88.11
7/31/20232,890,000 shares $234.12 million +0.4%7.1%16.4 $81.01
7/15/20232,880,000 shares $234.43 million -5.3%7.1%16.8 $81.40
6/30/20233,040,000 shares $240.04 million -2.3%7.4%17.1 $78.96
6/15/20233,110,000 shares $234.62 million +9.5%8.3%17.3 $75.44
5/31/20232,840,000 shares $210.76 million -9.0%7.6%14.1 $74.21
5/15/20233,120,000 shares $241.64 million +20.5%8.4%8 $77.45
4/30/20232,590,000 shares $186.35 million +2.4%6.9%6 $71.95
4/15/20232,530,000 shares $186.41 million -1.9%6.8%6 $73.68
3/31/20232,580,000 shares $186.46 million -12.0%6.9%6.1 $72.27
3/15/20232,930,000 shares $202.38 million -8.4%7.9%7.1 $69.07
2/28/20233,200,000 shares $226.85 million +240.3%8.6%8.4 $70.89
2/15/2023940,300 shares $57.82 million -6.9%2.5%2.6 $61.49
1/31/20231,010,000 shares $64.79 million -11.4%2.7%6.6 $64.15
1/15/20231,140,000 shares $71.81 million -5.8%3.1%6.7 $62.99
12/30/20221,210,000 shares $71.04 million +5.2%3.2%7 $58.71
12/15/20221,150,000 shares $65.94 million -2.5%3.1%6.6 $57.34
11/30/20221,180,000 shares $70.36 million -0.8%3.2%6.4 $59.63
11/15/20221,190,000 shares $65.91 million -8.5%3.2%6.6 $55.39
10/31/20221,300,000 shares $87.65 million -4.4%3.5%7.4 $67.42
10/15/20221,360,000 shares $86.46 million +8.8%3.7%8.3 $63.57
9/30/20221,250,000 shares $76.90 million +16.8%3.4%7.5 $61.52
9/15/20221,070,000 shares $75.14 million +0.9%2.9%6 $70.22
8/31/20221,060,000 shares $80.07 million -0.9%2.8%6.1 $75.54
8/15/20221,070,000 shares $87.14 million -7.0%2.9%6.1 $81.44
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OTTR Short Interest - Frequently Asked Questions

What is Otter Tail's current short interest?

Short interest is the volume of Otter Tail shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 3,280,000 shares of OTTR short. 8.03% of Otter Tail's shares are currently sold short. Learn More on Otter Tail's current short interest.

What is a good short interest ratio for Otter Tail?

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. OTTR shares currently have a short interest ratio of 12.0. Learn More on Otter Tail's short interest ratio.

Which institutional investors are shorting Otter Tail?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Otter Tail: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Otter Tail?

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. 8.03% of Otter Tail's floating shares are currently sold short.

Is Otter Tail's short interest increasing or decreasing?

Otter Tail saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,280,000 shares, a drop of 2.7% from the previous total of 3,370,000 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 Otter Tail's float size?

Otter Tail currently has issued a total of 41,710,000 shares. Some of Otter Tail'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. Otter Tail currently has a public float of 40,840,000 shares.

How does Otter Tail's short interest compare to its competitors?

8.03% of Otter Tail's shares are currently sold short. Here is how the short interest of companies compare to Otter Tail: Ormat Technologies, Inc. (5.45%), PNM Resources, Inc. (1.92%), Portland General Electric (5.04%), IDACORP, Inc. (2.56%), Atlantica Sustainable Infrastructure plc (4.09%), Excelerate Energy, Inc. (2.20%), Hawaiian Electric Industries, Inc. (14.57%), OGE Energy Corp. (2.92%), Pinnacle West Capital Co. (2.69%), Black Hills Co. (4.25%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

What does it mean to sell short Otter Tail stock?

Short selling OTTR is an investing strategy that aims to generate trading profit from Otter Tail as its price is falling. OTTR shares are trading up $0.03 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 Otter Tail?

A short squeeze for Otter Tail 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 OTTR, which in turn drives the price of the stock up even further.

How often is Otter Tail'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 OTTR, twice per month. The most recent reporting period available is March, 31 2024.



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This page (NASDAQ:OTTR) was last updated on 4/23/2024 by MarketBeat.com Staff

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