NASDAQ:STLD

Steel Dynamics Short Interest Ratio and Short Volume

$51.25
+0.83 (+1.65 %)
(As of 04/14/2021 09:45 AM ET)
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Today's Range
$50.47
Now: $51.25
$51.29
50-Day Range
$41.58
MA: $47.67
$51.83
52-Week Range
$20.58
Now: $51.25
$52.59
Volume6,904 shs
Average Volume2.23 million shs
Market Capitalization$10.82 billion
P/E Ratio22.58
Dividend Yield2.03%
Beta1.4

Short Interest

Steel Dynamics (NASDAQ:STLD) Short Interest Data

Current Short Volume3,720,000 shares
Previous Short Volume4,400,000 shares
Change Vs. Previous Month:-15.45%
Dollar Volume Sold Short$192.81 million
Short Interest Ratio / Days to Cover1.7
Last Record DateMarch, 31 2021
Outstanding Shares222,250,000 shares
Float Size200,110,000 shares
Short Percent of Float1.86%
Today's Trading Volume6,904 shares
Average Trading Volume2,233,215 shares
Today's Volume Vs. Average-99.69%

Short Interest Over Time


Steel Dynamics (NASDAQ:STLD) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20213,720,000 shares $192.81 million -15.5%1.9%1.7 $51.83
3/15/20214,400,000 shares $221.54 million +10.3%2.2%2 $50.35
2/26/20213,990,000 shares $194.67 million -1.7%2.0%2 $48.79
2/12/20214,060,000 shares $168.81 million -5.8%2.0%2.2 $41.58
1/29/20214,310,000 shares $165.50 million -3.2%2.2%2.2 $38.40
1/15/20214,450,000 shares $156.46 million +7.0%2.2%2.4 $35.16
12/31/20203,890,000 shares $155.64 million -8.0%2.0%2.1 $40.01
12/15/20203,890,000 shares $147.63 million -8.0%2.0%2.1 $37.95
11/30/20204,230,000 shares $152.79 million -1.2%2.1%2.2 $36.12
11/15/20204,280,000 shares $154.98 million +6.7%2.2%2.3 $36.21
10/30/20204,010,000 shares $138.83 million +26.5%2.0%2.3 $34.62
10/15/20203,170,000 shares $99.54 million +7.5%1.6%1.9 $31.40
9/30/20202,950,000 shares $96.49 million -27.7%1.5%1.8 $32.71
9/15/20204,080,000 shares $117.75 million -1.0%2.1%2.4 $28.86
8/31/20204,120,000 shares $119.97 million -17.4%2.1%2.5 $29.12
8/14/20204,990,000 shares $150.20 million +5.9%2.5%2.8 $30.10
7/31/20204,710,000 shares $146.15 million -4.7%2.4%2.5 $31.03
7/15/20204,940,000 shares $135.41 million +10.0%2.5%2.5 $27.41
6/30/20204,490,000 shares $124.96 million -3.2%2.3%2.2 $27.83
6/15/20204,640,000 shares $117.86 million -8.1%2.3%2 $25.40
5/29/20205,050,000 shares $130.64 million +9.5%2.5%1.9 $25.87
5/15/20204,610,000 shares $122.44 million +7.5%2.3%1.7 $26.56
4/30/20204,290,000 shares $117.42 million -20.0%2.1%1.6 $27.37
4/15/20205,360,000 shares $130.25 million +20.7%2.7%1.9 $24.30
3/31/20204,440,000 shares $104.52 million -18.4%2.2%1.6 $23.54

Steel Dynamics (NASDAQ:STLD) Short Interest FAQ

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What is Steel Dynamics' current short interest?

Short interest is the volume of Steel Dynamics shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 3,720,000 shares of STLD short. 1.86% of Steel Dynamics' shares are currently sold short. View details.

What is a good short interest ratio for Steel Dynamics?

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. Steel Dynamics currently has a short interest ratio of 2.0.

What is a good short interest percentage for Steel Dynamics?

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. 1.86% of Steel Dynamics' floating shares are currently sold short.

Is Steel Dynamics' short interest increasing or decreasing?

Steel Dynamics saw a decrease in short interest in March. As of March 31st, there was short interest totaling 3,720,000 shares, a decrease of 15.5% from the previous total of 4,400,000 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 Dynamics' float size?

Steel Dynamics currently has issued a total of 211,219,000 shares. Some of Steel Dynamics' 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 Dynamics currently has a public float of 200,110,000 shares.

How does Steel Dynamics' short interest compare to its competitors?

1.86% of Steel Dynamics' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "steel" compare to Steel Dynamics: Nucor Co. (1.48%), Reliance Steel & Aluminum Co. (1.37%), Cleveland-Cliffs Inc. (0.00%), United States Steel Co. (0.00%), Commercial Metals (2.67%), Worthington Industries, Inc. (3.23%), Allegheny Technologies Incorporated (10.38%), Carpenter Technology Co. (3.55%), Schnitzer Steel Industries, Inc. (1.88%), and Haynes International, Inc. (1.66%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Steel Dynamics stock?

Short selling STLD is an investing strategy that aims to generate trading profit from Steel Dynamics as its price is falling. Steel Dynamics' stock is trading up $0.83 today. To short Steel Dynamics 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 Steel Dynamics 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 Dynamics?

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

How often is Steel Dynamics' 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 STLD, twice per month. The most recent reporting period available is March, 31 2021.



This page was last updated on 4/14/2021 by MarketBeat.com Staff
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