Ruth's Hospitality Group (RUTH) Short Interest Ratio & Short Volume

Short interest is the volume of Ruth's Hospitality Group shares that have been sold short but have not yet been covered or closed out. As of May 31st, traders have sold 991,500 shares of RUTH short. 3.30% of Ruth's Hospitality Group's shares are currently sold short. Learn More on Ruth's Hospitality Group'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. RUTH shares currently have a short interest ratio of 1.0. Learn More on Ruth's Hospitality Group'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. 3.30% of Ruth's Hospitality Group's floating shares are currently sold short.

Ruth's Hospitality Group saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 991,500 shares, an increase of 15.9% from the previous total of 855,400 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.

Ruth's Hospitality Group currently has issued a total of 32,130,000 shares. Some of Ruth's Hospitality Group'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. Ruth's Hospitality Group currently has a public float of 30,060,000 shares.

3.30% of Ruth's Hospitality Group's shares are currently sold short. Here is how the short interest of companies compare to Ruth's Hospitality Group: The Cheesecake Factory Incorporated (17.55%), The Wendy's Company (9.41%), Papa Johns International, Inc. (10.84%), Cracker Barrel Old Country Store, Inc. (11.59%), BJ's Restaurants, Inc. (7.23%), Bloomin' Brands, Inc. (10.19%), Biglari Holdings Inc. (1.34%), Jack in the Box Inc. (23.82%), Nathan's Famous, Inc. (0.98%), RCI Hospitality Holdings Inc (6.47%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling RUTH is an investing strategy that aims to generate trading profit from Ruth's Hospitality Group 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 Ruth's Hospitality Group 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 RUTH, 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 RUTH, twice per month. The most recent reporting period available is May, 31 2023.