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QualTek Services (QTEK) Short Interest Ratio & Short Volume

Notice: This company has been marked as potentially delisted and may not be actively trading.

QualTek Services Short Interest Data

Current Short Interest
507,900 shares
Previous Short Interest
583,900 shares
Change Vs. Previous Month
-13.02%
Dollar Volume Sold Short
$95,993.10
Short Interest Ratio
1.7 Days to Cover
Last Record Date
May 15, 2023
Outstanding Shares
51,110,000 shares
Float Size
14,960,000 shares
Short Percent of Float
3.40%
Today's Trading Volume
0 shares
Average Trading Volume
1,037,386 shares
Today's Volume Vs. Average
0%
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QTEK Short Interest Over Time

QTEK Days to Cover Over Time

QTEK Percentage of Float Shorted Over Time

QualTek Services Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/15/2023507,900 shares $95,993.10 -13.0%3.4%1.7 $0.19
4/30/2023583,900 shares $152,397.90 +53.7%3.9%2.1 $0.26
4/15/2023379,900 shares $136,536.06 -33.2%2.5%1.4 $0.36
3/31/2023569,000 shares $224,698.10 +24.0%3.8%2.2 $0.39
3/15/2023458,900 shares $142,259.00 -6.0%3.1%1.8 $0.31
2/28/2023488,400 shares $202,588.32 +1.5%3.3%5.6 $0.41
2/15/2023481,100 shares $216,495.00 +3.6%3.2%5.1 $0.45
1/31/2023464,200 shares $222,816.00 +0.3%3.1%5 $0.48
1/15/2023462,900 shares $249,919.71 +5.1%3.1%5.5 $0.54
12/30/2022440,600 shares $194,216.48 +3.6%3.3%4.5 $0.44
12/15/2022425,300 shares $220,730.70 -6.3%3.2%3.2 $0.52
11/30/2022454,100 shares $361,236.55 +3.6%4.1%3.7 $0.80
11/15/2022438,400 shares $569,920.00 -0.1%3.9%3.7 $1.30
10/31/2022439,000 shares $658,500.00 -0.8%4.5%3.1 $1.50
10/15/2022442,400 shares $783,048.00 -7.7%4.5%2.1 $1.77
9/30/2022479,400 shares $963,594.00 +6.6%4.9%2.1 $2.01
9/15/2022449,800 shares $674,700.00 +5.3%4.6%2.3 $1.50
8/31/2022427,200 shares $841,584.00 -21.7%4.3%2.1 $1.97
8/15/2022545,300 shares $1.19 million -2.0%5.5%2.8 $2.19
7/31/2022556,500 shares $673,365.00 +169.2%5.6%2.4 $1.21
7/15/2022206,700 shares $231,504.00 No Change2.1%1.3 $1.12

QTEK Short Interest - Frequently Asked Questions

What is QualTek Services' current short interest?

Short interest is the volume of QualTek Services shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 507,900 shares of QTEK short. 3.40% of QualTek Services' shares are currently sold short. Learn More on QualTek Services' current short interest.

What is a good short interest ratio for QualTek Services?

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. QTEK shares currently have a short interest ratio of 2.0. Learn More on QualTek Services's short interest ratio.

What is a good short interest percentage for QualTek Services?

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. 3.40% of QualTek Services' floating shares are currently sold short.

Is QualTek Services' short interest increasing or decreasing?

QualTek Services saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 507,900 shares, a decline of 13.0% from the previous total of 583,900 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 QualTek Services' float size?

QualTek Services currently has issued a total of 51,110,000 shares. Some of QualTek Services' 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. QualTek Services currently has a public float of 14,960,000 shares.

How does QualTek Services' short interest compare to its competitors?

3.40% of QualTek Services' shares are currently sold short. Here is how the short interest of companies compare to QualTek Services: AERWINS Technologies Inc. (15.93%), Tigo Energy, Inc. (0.34%), Everest Consolidator Acquisition Co. (0.07%), Charge Enterprises, Inc. (10.15%), MediaCo Holding Inc. (0.02%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

What does it mean to sell short QualTek Services stock?

Short selling QTEK is an investing strategy that aims to generate trading profit from QualTek Services 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.

How does a short squeeze work against QualTek Services?

A short squeeze for QualTek Services 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 QTEK, which in turn drives the price of the stock up even further.

How often is QualTek Services' 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 QTEK, twice per month. The most recent reporting period available is May, 15 2023.



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This page (NASDAQ:QTEK) was last updated on 6/23/2024 by MarketBeat.com Staff

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