SmileDirectClub (SDC) Short Interest Ratio & Short Volume

Short interest is the volume of SmileDirectClub shares that have been sold short but have not yet been covered or closed out. As of September 15th, traders have sold 29,790,000 shares of SDC short. Learn More on SmileDirectClub'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. SDC shares currently have a short interest ratio of 14.0. Learn More on SmileDirectClub's short interest ratio.

SmileDirectClub saw a increase in short interest in September. As of September 15th, there was short interest totaling 29,790,000 shares, an increase of 3.5% from the previous total of 28,770,000 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.

Here is how the short interest of companies in the sector of "medical" compare to SmileDirectClub: SmileDirectClub, Inc. (1.18%), Sonendo, Inc. (0.03%), Protara Therapeutics, Inc. (8.29%), Avalo Therapeutics, Inc. (0.40%), Anika Therapeutics Inc. (2.65%), OKYO Pharma Limited Sponsored ADR (0.33%), Agenus Inc. (9.62%), Immuneering Corporation (6.04%), Connect Biopharma Holdings Limited Sponsored ADR (0.08%), American Well Corporation (1.46%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Corporation ($3.27 billion), Tractor Supply Company ($2.29 billion), Celsius Holdings Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling SDC is an investing strategy that aims to generate trading profit from SmileDirectClub 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 SmileDirectClub 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 SDC, 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 SDC, twice per month. The most recent reporting period available is September, 15 2023.