Millicom International Cellular Short Interest Ratio and Short Volume

Short interest is the volume of Millicom International Cellular shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 148,200 shares of TIGO short. 0.15% of Millicom International Cellular's shares are currently sold short. View details.

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. Millicom International Cellular currently has a short interest ratio of 2.0.

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. 0.15% of Millicom International Cellular's floating shares are currently sold short.

Millicom International Cellular saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 148,200 shares, an increase of 25.0% from the previous total of 118,600 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.

Millicom International Cellular currently has issued a total of 101,740,000 shares. Some of Millicom International Cellular'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. Millicom International Cellular currently has a public float of 99,100,000 shares.

0.15% of Millicom International Cellular's shares are currently sold short. Here is how the short interest of companies in the industry of "radiotelephone communication" compare to Millicom International Cellular: T-Mobile US, Inc. (2.44%), Deutsche Telekom AG (0.00%), Vodafone Group Plc (0.00%), Chunghwa Telecom Co., Ltd. (0.00%), TELUS Co. (0.25%), SK Telecom Co.,Ltd (0.26%), Hellenic Telecommunications Organization S.A. (0.00%), Mobile TeleSystems Public Joint Stock (0.63%), VEON Ltd. (1.75%), and United States Cellular Co. (3.73%).

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.

Short selling TIGO is an investing strategy that aims to generate trading profit from Millicom International Cellular as its price is falling. Millicom International Cellular's stock is trading down $0.22 today. To short Millicom International Cellular 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 Millicom International Cellular 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 Millicom International Cellular occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of TIGO, 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 TIGO, twice per month. The most recent reporting period available is March, 31 2021.