SMART Global (SGH) Short Interest Ratio & Short Volume

Short interest is the volume of SMART Global shares that have been sold short but have not yet been covered or closed out. As of September 30th, investors have sold 6,350,000 shares of SGH short. Learn More on SMART Global'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. SGH shares currently have a short interest ratio of 6.0. Learn More on SMART Global's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SMART Global: PEAK6 LLC, Walleye Trading LLC, and Walleye Capital LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

SMART Global saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 6,350,000 shares, an increase of 13.4% from the previous total of 5,600,000 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 industry of "electronic equipment" compare to SMART Global: LG Display Co., Ltd. (0.07%), Impinj, Inc. (11.50%), Silicon Motion Technology Corporation (3.15%), Viavi Solutions Inc. (0.00%), NextNav Inc. (15.07%), Planet Labs PBC (6.05%), Kulicke and Soffa Industries, Inc. (3.87%), Intuitive Machines, Inc. (20.40%), CommScope Holding Company, Inc. (6.92%), Himax Technologies, Inc. (5.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.04 billion), AppLovin Corporation ($2.69 billion), Nu Holdings Ltd. ($2.64 billion), Paychex, Inc. ($2.61 billion), Cencora, Inc. ($2.30 billion), Aptiv PLC ($2.09 billion), Moderna, Inc. ($2.09 billion), Tractor Supply Company ($2.04 billion), Coinbase Global, Inc. ($1.97 billion), and International Paper Company ($1.95 billion). View all of the most shorted stocks.

Short selling SGH is an investing strategy that aims to generate trading profit from SMART Global 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 SMART Global 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 SGH, 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 SGH, twice per month. The most recent reporting period available is September, 30 2024.