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 closed out or covered. 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.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SmileDirectClub: III Capital Management, and Wolverine Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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: MiNK Therapeutics, Inc. (0.49%), NRx Pharmaceuticals, Inc. (6.69%), Daré Bioscience, Inc. (0.25%), bioAffinity Technologies, Inc. (4.35%), Singular Genomics Systems, Inc. (1.42%), NeuroOne Medical Technologies Co. (1.40%), Femasys Inc. (5.84%), Achilles Therapeutics plc (0.10%), Aprea Therapeutics, Inc. (2.01%), Lexaria Bioscience Corp. (3.70%),

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 Co. ($3.27 billion), Tractor Supply ($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 appreciates 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.