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Steel Connect (STCN) Short Interest Ratio & Short Volume

$8.31
-0.13 (-1.54%)
(As of 02/28/2024 ET)

Steel Connect Short Interest Data

Current Short Volume
5,700 shares
Previous Short Volume
4,500 shares
Change Vs. Previous Month
+26.67%
Dollar Volume Sold Short
$48,507.00
Short Interest Ratio / Days to Cover
1.3
Last Record Date
February 15, 2024
Outstanding Shares
6,270,000 shares
Float Size
35,800,000 shares
Short Percent of Float
0.02%
Today's Trading Volume
2,964 shares
Average Trading Volume
3,973 shares
Today's Volume Vs. Average
75%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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STCN Short Interest Over Time

STCN Days to Cover Over Time

STCN Percentage of Float Shorted Over Time


Steel Connect Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/15/20245,700 shares $48,507.00 +26.7%0.0%1.3 $8.51
1/31/20244,500 shares $42,840.00 +9.8%0.0%1 $9.52
1/15/20244,100 shares $39,565.00 -2.4%0.0%0.9 $9.65
12/31/20234,200 shares $40,467.00 -53.9%0.0%0.8 $9.64
12/15/20239,100 shares $86,632.00 +139.5%0.0%1.7 $9.52
11/30/20233,800 shares $35,796.00 +22.6%0.0%0.6 $9.42
11/15/20233,100 shares $27,311.00 +19.2%0.0%0.4 $8.81
10/31/20232,600 shares $25,220.00 -10.3%0.0%0.4 $9.70
10/15/20232,900 shares $30,450.00 -40.8%0.0%0.3 $10.50
9/30/20234,900 shares $51,450.00 -59.2%0.0%0.4 $10.50
9/15/202312,000 shares $124,320.00 +13.2%0.0%0.7 $10.36
8/31/202310,600 shares $107,272.00 -5.4%0.0%0.5 $10.12
8/15/202311,200 shares $120,512.00 -55.6%0.0%0.5 $10.76
7/31/202325,200 shares $246,456.00 +17.8%0.1%1.1 $9.78
7/15/202321,400 shares $172,270.00 -52.0%0.1%0.9 $8.05
6/30/202344,600 shares $373,748.00 +457.5%1.1%2.3 $8.38
6/15/20238,000 shares $163.29 +7,900.0%0.2%0.5 $0.02
5/31/2023100 shares $84.25 -99.9%N/A0 $0.84
5/15/202396,700 shares $76,334.98 -54.2%0.3%1.1 $0.79
4/30/2023211,200 shares $221,760.00 -8.3%0.6%2.6 $1.05
4/15/2023230,300 shares $257,936.00 -1.5%0.6%3.6 $1.12
3/31/2023233,800 shares $266,532.00 -9.5%0.6%4.6 $1.14
3/15/2023258,300 shares $299,628.00 -20.7%0.7%3.7 $1.16
2/28/2023325,700 shares $420,153.00 +3.3%0.9%2.9 $1.29
2/15/2023315,200 shares $394,000.00 -4.0%0.8%2.8 $1.25
1/31/2023328,400 shares $433,488.00 -4.0%0.9%2.6 $1.32
1/15/2023342,200 shares $479,080.00 -6.8%0.9%2.6 $1.40
12/30/2022367,000 shares $524,810.00 +708.4%1.0%2.3 $1.43
12/15/202245,400 shares $66,284.00 -12.7%0.1%0.2 $1.46
11/30/202252,000 shares $58,760.00 +75.1%0.1%0.3 $1.13
11/15/202229,700 shares $40,689.00 -71.5%0.1%0.2 $1.37
10/31/2022104,100 shares $143,668.41 +92.4%0.3%0.6 $1.38
10/15/202254,100 shares $74,117.00 -35.2%0.2%0.4 $1.37
9/30/202283,500 shares $114,395.00 +56.7%0.2%0.5 $1.37
9/15/202253,300 shares $73,021.00 +4.9%0.1%0.6 $1.37
8/31/202250,800 shares $69,088.00 +59.8%0.1%0.5 $1.36
8/15/202231,800 shares $43,248.00 -69.9%0.1%0.4 $1.36
7/31/2022105,800 shares $142,830.00 -4.1%0.3%1.3 $1.35
7/15/2022110,300 shares $148,905.00 +0.9%0.3%1.4 $1.35
6/30/2022109,300 shares $146,462.00 -22.2%0.3%1.3 $1.34













STCN Short Interest - Frequently Asked Questions

What is Steel Connect's current short interest?

Short interest is the volume of Steel Connect shares that have been sold short but have not yet been closed out or covered. As of February 15th, traders have sold 5,700 shares of STCN short. 0.02% of Steel Connect's shares are currently sold short. Learn More on Steel Connect's current short interest.

What is a good short interest ratio for Steel Connect?

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. STCN shares currently have a short interest ratio of 1.0. Learn More on Steel Connect's short interest ratio.

Which institutional investors are shorting Steel Connect?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Steel Connect: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Steel Connect?

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. 0.02% of Steel Connect's floating shares are currently sold short.

Is Steel Connect's short interest increasing or decreasing?

Steel Connect saw a increase in short interest in February. As of February 15th, there was short interest totaling 5,700 shares, an increase of 26.7% from the previous total of 4,500 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 Steel Connect's float size?

Steel Connect currently has issued a total of 6,270,000 shares. Some of Steel Connect'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. Steel Connect currently has a public float of 35,800,000 shares.

How does Steel Connect's short interest compare to its competitors?

0.02% of Steel Connect's shares are currently sold short. Here is how the short interest of companies compare to Steel Connect: Edgio, Inc. (2.19%), Marchex, Inc. (0.26%), The9 Limited (1.88%), Exela Technologies, Inc. (9.13%), The OLB Group, Inc. (0.04%), Research Solutions, Inc. (0.06%), Heritage Global Inc. (0.12%), DHI Group, Inc. (1.81%), ZeroFox Holdings, Inc. (0.59%), ARB IOT Group Limited (3.42%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

What does it mean to sell short Steel Connect stock?

Short selling STCN is an investing strategy that aims to generate trading profit from Steel Connect as its price is falling. STCN shares are trading down $0.13 today. 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.

How does a short squeeze work against Steel Connect?

A short squeeze for Steel Connect 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 STCN, which in turn drives the price of the stock up even further.

How often is Steel Connect'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 STCN, twice per month. The most recent reporting period available is February, 15 2024.



More Short Interest Resources from MarketBeat

This page (NASDAQ:STCN) was last updated on 2/29/2024 by MarketBeat.com Staff