Resources Connection (RECN) Short Interest Ratio & Short Volume

Short interest is the volume of Resources Connection shares that have been sold short but have not yet been covered or closed out. As of March 13th, investors have sold 696,700 shares of RECN short. 2.30% of Resources Connection's shares are currently sold short. Learn More on Resources Connection'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. RECN shares currently have a short interest ratio of 5.0. Learn More on Resources Connection'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. 2.30% of Resources Connection's floating shares are currently sold short.

Resources Connection saw a decline in short interest in March. As of March 13th, there was short interest totaling 696,700 shares, a decline of 3.8% from the previous total of 724,200 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.

Resources Connection currently has issued a total of 32,027,000 shares. Some of Resources Connection'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. Resources Connection currently has a public float of 30,280,000 shares.

2.30% of Resources Connection's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to Resources Connection: Tremor International Ltd (0.34%), Gannett Co., Inc. (12.85%), SOS Limited (0.08%), ADTRAN Holdings, Inc. (2.92%), Rackspace Technology, Inc. (12.97%), Gogoro Inc. (1.18%), Resources Connection, Inc. (4.83%), Sezzle Inc. (2.65%), ATRenew Inc. (0.15%), TTEC Holdings, Inc. (10.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($9.26 billion), AbbVie Inc. ($6.51 billion), Charter Communications, Inc. ($4.96 billion), McKesson Co. ($4.86 billion), Microchip Technology Incorporated ($2.85 billion), The Charles Schwab Co. ($2.75 billion), Match Group, Inc. ($2.50 billion), International Flavors & Fragrances Inc. ($1.95 billion), Tiffany & Co. ($1.93 billion), and Wayfair Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling RECN is an investing strategy that aims to generate trading profit from Resources Connection as its price is falling. RECN shares are trading down $0.20 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.

A short squeeze for Resources Connection 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 RECN, 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 RECN, twice per month. The most recent reporting period available is March, 13 2020.