Tetra Tech Short Interest Ratio and Short Volume

Short interest is the volume of Tetra Tech shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 1,030,000 shares of TTEK short. 1.94% of Tetra Tech'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. Tetra Tech currently has a short interest ratio of 4.0.

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. 1.94% of Tetra Tech's floating shares are currently sold short.

Tetra Tech saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,030,000 shares, an increase of 34.1% from the previous total of 768,300 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.

Tetra Tech currently has issued a total of 53,888,000 shares. Some of Tetra Tech'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. Tetra Tech currently has a public float of 53,110,000 shares.

1.94% of Tetra Tech's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "environmental & facilities services" compare to Tetra Tech: Waste Management, Inc. (0.87%), Republic Services, Inc. (0.87%), Rollins, Inc. (5.38%), Stericycle, Inc. (0.00%), Clean Harbors, Inc. (1.27%), Casella Waste Systems, Inc. (0.00%), ABM Industries Incorporated (1.71%), Covanta Holding Co. (1.96%), US Ecology, Inc. (0.00%), and SP Plus Co. (2.97%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($4.68 billion), Aon Plc ($3.70 billion), Clorox Co ($2.93 billion), ViacomCBS Inc. ($2.88 billion), Analog Devices, Inc. ($2.75 billion), Snap Inc. ($2.72 billion), Kroger Co ($2.21 billion), Uber Technologies, Inc. ($1.94 billion), Moderna, Inc. ($1.93 billion), and Datadog, Inc. ($1.83 billion). View all of the most shorted stocks.

Short selling TTEK is an investing strategy that aims to generate trading profit from Tetra Tech as its price is falling. Tetra Tech's stock is trading down $0.65 today. To short Tetra Tech 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 Tetra Tech 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 Tetra Tech 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 TTEK, 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 TTEK, twice per month. The most recent reporting period available is October, 15 2020.