The Shyft Group Short Interest Ratio and Short Volume

-0.12 (-0.31 %)
(As of 04/9/2021 12:00 AM ET)
Today's Range
Now: $38.58
50-Day Range
MA: $36.15
52-Week Range
Now: $38.58
Volume157,761 shs
Average Volume213,895 shs
Market Capitalization$1.36 billion
P/E RatioN/A
Dividend Yield0.26%

Short Interest

The Shyft Group (NASDAQ:SHYF) Short Interest Data

Current Short Volume554,500 shares
Previous Short Volume724,200 shares
Change Vs. Previous Month:-23.43%
Dollar Volume Sold Short$20.62 million
Short Interest Ratio / Days to Cover2.6
Last Record DateMarch, 15 2021
Outstanding Shares35,301,000 shares
Float Size31,980,000 shares
Short Percent of Float1.73%
Today's Trading Volume157,761 shares
Average Trading Volume213,895 shares
Today's Volume Vs. Average-26.24%

Short Interest Over Time

The Shyft Group (NASDAQ:SHYF) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/15/2021554,500 shares $20.62 million -23.4%1.7%2.6 $37.19
2/26/2021724,200 shares $24.93 million +0.8%2.3%3.8 $34.42
2/12/2021718,300 shares $23.62 million -0.5%2.2%3.8 $32.89
1/29/2021722,000 shares $23.83 million +6.1%2.3%3.5 $33.01
1/15/2021680,700 shares $20.87 million No Change2.1%3.5 $30.66

The Shyft Group (NASDAQ:SHYF) Short Interest FAQ

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What is The Shyft Group's current short interest?

Short interest is the volume of The Shyft Group shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 554,500 shares of SHYF short. 1.73% of The Shyft Group's shares are currently sold short. View details.

What is a good short interest ratio for The Shyft Group?

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. The Shyft Group currently has a short interest ratio of 3.0.

What is a good short interest percentage for The Shyft Group?

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. 1.73% of The Shyft Group's floating shares are currently sold short.

Is The Shyft Group's short interest increasing or decreasing?

The Shyft Group saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 554,500 shares, a decrease of 23.4% from the previous total of 724,200 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.

What is The Shyft Group's float size?

The Shyft Group currently has issued a total of 35,301,000 shares. Some of The Shyft 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. The Shyft Group currently has a public float of 31,980,000 shares.

How does The Shyft Group's short interest compare to its competitors?

1.73% of The Shyft Group's shares are currently sold short. Here is how the short interest of companies in the industry of "motor vehicles & car bodies" compare to The Shyft Group: Mazda Motor Co. (0.00%), Nikola Co. (20.29%), Brilliance China Automotive Holdings Limited (0.00%), Navistar International Co. (7.11%), Niu Technologies (0.00%), Federal Signal Co. (1.42%), Lordstown Motors Corp. (12.50%), Workhorse Group Inc. (0.00%), REV Group, Inc. (3.10%), and Stagecoach Group plc (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

What does it mean to sell short The Shyft Group stock?

Short selling SHYF is an investing strategy that aims to generate trading profit from The Shyft Group as its price is falling. The Shyft Group's stock is trading down $0.12 today. To short The Shyft Group 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 The Shyft Group 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.

How does a short squeeze work against The Shyft Group?

A short squeeze for The Shyft 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 SHYF, which in turn drives the price of the stock up even further.

How often is The Shyft Group's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SHYF, twice per month. The most recent reporting period available is March, 15 2021.

This page was last updated on 4/11/2021 by Staff
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