Sharps Compliance (SMED) Short Interest Ratio & Short Volume

Short interest is the volume of Sharps Compliance shares that have been sold short but have not yet been covered or closed out. As of July 31st, investors have sold 282,500 shares of SMED short. 2.63% of Sharps Compliance's shares are currently sold short. Learn More on Sharps Compliance'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. SMED shares currently have a short interest ratio of 1.0. Learn More on Sharps Compliance's short interest ratio.

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. 2.63% of Sharps Compliance's floating shares are currently sold short.

Sharps Compliance saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 282,500 shares, a decline of 48.3% from the previous total of 546,600 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.

Sharps Compliance currently has issued a total of 19,430,000 shares. Some of Sharps Compliance'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. Sharps Compliance currently has a public float of 10,740,000 shares.

2.63% of Sharps Compliance's shares are currently sold short. Here is how the short interest of companies compare to Sharps Compliance: Perma-Fix Environmental Services, Inc. (0.86%), SoundThinking, Inc. (1.58%), Vertex Energy, Inc. (18.89%), Eos Energy Enterprises, Inc. (23.16%), Taylor Devices, Inc. (0.69%), iRobot Co. (29.46%), NN, Inc. (3.01%), The Eastern Company (0.44%), Markforged Holding Co. (2.66%), Hurco Companies, Inc. (0.20%),

As of the most recent reporting period, the following stocks had the largest short interest positions: KLA Co. ($2.87 billion), Lucid Group, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.08 billion), Coinbase Global, Inc. ($1.91 billion), Williams-Sonoma, Inc. ($1.85 billion), Chesapeake Energy Co. ($1.81 billion), Rivian Automotive, Inc. ($1.64 billion), Lumen Technologies, Inc. ($1.61 billion), Plug Power Inc. ($1.50 billion), and Generac Holdings Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling SMED is an investing strategy that aims to generate trading profit from Sharps Compliance 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 Sharps Compliance 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 SMED, 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 SMED, twice per month. The most recent reporting period available is July, 31 2022.