Neuronetics - STIM Short Interest Ratio & Short Volume

Short interest is the volume of Neuronetics shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 207,700 shares of STIM short. 0.81% of Neuronetics' shares are currently sold short. Learn More on Neuronetics' 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. STIM shares currently have a short interest ratio of 1.0. Learn More on Neuronetics's short interest ratio.

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

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. 0.81% of Neuronetics' floating shares are currently sold short.

Neuronetics saw a increase in short interest in February. As of February 28th, there was short interest totaling 207,700 shares, an increase of 1.4% from the previous total of 204,800 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.

Neuronetics currently has issued a total of 27,220,000 shares. Some of Neuronetics' 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. Neuronetics currently has a public float of 25,560,000 shares.

0.81% of Neuronetics' shares are currently sold short. Here is how the short interest of companies in the industry of "surgical & medical instruments" compare to Neuronetics: NeuroPace, Inc. (7.87%), Neovasc Inc. (0.47%), Sensus Healthcare, Inc. (5.21%), Co-Diagnostics, Inc. (4.24%), Apyx Medical Co. (10.83%), Lucid Diagnostics Inc. (2.24%), Lyra Therapeutics, Inc. (0.05%), DarioHealth Corp. (5.72%), Pro-Dex, Inc. (0.49%), and Pulse Biosciences, Inc. (12.80%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling STIM is an investing strategy that aims to generate trading profit from Neuronetics as its price is falling. STIM shares are trading down $0.24 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.

A short squeeze for Neuronetics 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 STIM, 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 STIM, twice per month. The most recent reporting period available is February, 28 2023.