Transcat (TRNS) Short Interest Ratio & Short Volume

Short interest is the volume of Transcat shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 143,000 shares of TRNS short. Learn More on Transcat'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. TRNS shares currently have a short interest ratio of 2.0. Learn More on Transcat's short interest ratio.

Transcat saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 143,000 shares, an increase of 17.8% from the previous total of 121,400 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.

Here is how the short interest of companies in the sector of "computer and technology" compare to Transcat: Aehr Test Systems (21.18%), Cohu, Inc. (1.69%), Itron, Inc. (3.06%), SMART Global Holdings, Inc. (7.11%), Olo Inc. (2.32%), Arlo Technologies, Inc. (5.04%), EchoStar Co. (7.93%), Methode Electronics, Inc. (2.76%), HUYA Inc. (1.13%), PubMatic, Inc. (1.99%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling TRNS is an investing strategy that aims to generate trading profit from Transcat as its price is falling. TRNS shares are trading down $0.60 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 Transcat 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 TRNS, 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 TRNS, twice per month. The most recent reporting period available is November, 15 2023.