Shiloh Industries (SHLO) Short Interest Ratio & Short Volume

Short interest is the volume of Shiloh Industries shares that have been sold short but have not yet been closed out or covered. As of August 14th, traders have sold 516,500 shares of SHLO short. 3.32% of Shiloh Industries' shares are currently sold short. Learn More on Shiloh Industries' current short interest.

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. 3.32% of Shiloh Industries' floating shares are currently sold short.

Shiloh Industries saw a decline in short interest in August. As of August 14th, there was short interest totaling 516,500 shares, a decline of 27.8% from the previous total of 715,300 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.

Shiloh Industries currently has issued a total of 24,223,000 shares. Some of Shiloh Industries' 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. Shiloh Industries currently has a public float of 15,560,000 shares.

3.32% of Shiloh Industries' shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to Shiloh Industries: Arcadia Biosciences, Inc. (0.62%), Materion Co. (1.34%), Companhia Siderúrgica Nacional (0.24%), Compañía de Minas Buenaventura S.A.A. (0.94%), Hongli Group Inc. (2.86%), Lifezone Metals Limited (4.23%), Mesabi Trust (3.42%), Nexa Resources S.A. (0.18%), POSCO Holdings Inc. (0.17%), China Natural Resources, Inc. (0.62%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.88 billion), Tesla, Inc. ($4.06 billion), Aon plc ($3.14 billion), The Clorox Company ($2.93 billion), The Charles Schwab Co. ($2.69 billion), Moderna, Inc. ($2.19 billion), The Kroger Co. ($2.09 billion), Simon Property Group, Inc. ($1.87 billion), International Flavors & Fragrances Inc. ($1.71 billion), and Iron Mountain Incorporated ($1.64 billion). View all of the most shorted stocks.

Short selling SHLO is an investing strategy that aims to generate trading profit from Shiloh Industries 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 Shiloh Industries 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 SHLO, 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 SHLO, twice per month. The most recent reporting period available is August, 14 2020.