Encore Wire (WIRE) Short Interest Ratio & Short Volume

+2.01 (+0.71%)
(As of 02:04 PM ET)

Encore Wire Short Interest Data

Current Short Volume
Previous Short Volume
Change Vs. Previous Month
Dollar Volume Sold Short
$796.22 million
Short Interest Ratio / Days to Cover
Last Record Date
March 31, 2024
Outstanding Shares
Float Size
Short Percent of Float
Today's Trading Volume
Average Trading Volume
Today's Volume Vs. Average
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WIRE Short Interest Over Time

WIRE Days to Cover Over Time

WIRE Percentage of Float Shorted Over Time

Encore Wire Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20243,030,000 shares $796.22 million -9.3%20.6%17.1 $262.78
3/15/20243,340,000 shares $753.64 million -0.3%22.8%18.5 $225.64
2/29/20243,350,000 shares $807.35 million -0.3%22.8%17.7 $241.00
2/15/20243,360,000 shares $800.18 million +0.3%22.9%17.8 $238.15
1/31/20243,350,000 shares $755.43 million -4.3%22.8%18.3 $225.50
1/15/20243,500,000 shares $757.09 million -4.4%29.1%17.3 $216.31
12/31/20233,660,000 shares $781.78 million -8.3%24.6%17.2 $213.60
12/15/20233,990,000 shares $843.09 million -2.7%26.9%18.6 $211.30
11/30/20234,100,000 shares $755.63 million -1.9%27.6%18.9 $184.30
11/15/20234,180,000 shares $837.50 million No Change28.1%19 $200.36
10/31/20234,180,000 shares $747.51 million -0.5%28.0%18.5 $178.83
10/15/20234,200,000 shares $748.48 million +0.5%26.4%17 $178.21
9/30/20234,180,000 shares $762.68 million +5.6%26.3%16.7 $182.46
9/15/20233,960,000 shares $683.97 million +0.5%24.9%16 $172.72
8/31/20233,940,000 shares $649.35 million +3.7%24.8%16.3 $164.81
8/15/20233,800,000 shares $635.51 million -1.0%23.9%15.7 $167.24
7/31/20233,840,000 shares $655.45 million +17.4%24.2%15.4 $170.69
7/15/20233,270,000 shares $575.95 million +2.8%19.6%12 $176.13
6/30/20233,180,000 shares $591.26 million +6.7%19.1%12.5 $185.93
6/15/20232,980,000 shares $530.05 million -2.3%17.9%11.5 $177.87
5/31/20233,050,000 shares $499.19 million +3.4%18.3%11.6 $163.67
5/15/20232,950,000 shares $489.46 million +14.8%17.7%11.4 $165.92
4/30/20232,570,000 shares $401.77 million -1.9%15.4%9.7 $156.33
4/15/20232,620,000 shares $440.87 million +11.0%15.1%12 $168.27
3/31/20232,360,000 shares $437.38 million +12.4%13.6%11.1 $185.33
3/15/20232,100,000 shares $354.56 million +2.4%12.1%10.7 $168.84
2/28/20232,050,000 shares $395.67 million -6.0%11.8%11.2 $193.01
2/15/20232,180,000 shares $422.51 million -8.4%12.5%11.7 $193.81
1/31/20232,380,000 shares $384.20 million -3.6%13.7%13.8 $161.43
1/15/20232,470,000 shares $368.80 million +1.2%14.2%12.8 $149.31
12/30/20222,440,000 shares $335.65 million -3.6%13.9%11.6 $137.56
12/15/20222,530,000 shares $351.82 million +0.4%14.4%11 $139.06
11/30/20222,520,000 shares $368.20 million -2.0%14.3%10 $146.11
11/15/20222,570,000 shares $390.46 million -0.8%14.6%10.1 $151.93
10/31/20222,590,000 shares $356.36 million +4.0%14.7%9.7 $137.59
10/15/20222,490,000 shares $298.25 million +3.8%13.6%8.5 $119.78
9/30/20222,400,000 shares $277.30 million +3.9%13.1%8.4 $115.54
9/15/20222,310,000 shares $275.77 million -2.9%12.6%8.1 $119.38
8/31/20222,380,000 shares $309.64 million -5.2%12.9%8.7 $130.10
8/15/20222,510,000 shares $329.66 million +8.7%13.6%9.5 $131.34
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WIRE Short Interest - Frequently Asked Questions

What is Encore Wire's current short interest?

Short interest is the volume of Encore Wire shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 3,030,000 shares of WIRE short. 20.61% of Encore Wire's shares are currently sold short. Learn More on Encore Wire's current short interest.

What is a good short interest ratio for Encore Wire?

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. WIRE shares currently have a short interest ratio of 17.0. Learn More on Encore Wire's short interest ratio.

What is a good short interest percentage for Encore Wire?

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. 20.61% of Encore Wire's floating shares are currently sold short.

Is Encore Wire's short interest increasing or decreasing?

Encore Wire saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 3,030,000 shares, a decrease of 9.3% from the previous total of 3,340,000 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 Encore Wire's float size?

Encore Wire currently has issued a total of 15,780,000 shares. Some of Encore Wire'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. Encore Wire currently has a public float of 14,700,000 shares.

How does Encore Wire's short interest compare to its competitors?

20.61% of Encore Wire's shares are currently sold short. Here is how the short interest of companies compare to Encore Wire: Mueller Industries, Inc. (4.89%), Kaiser Aluminum Co. (2.26%), Sealed Air Co. (3.95%), Franklin Electric Co., Inc. (1.72%), Valmont Industries, Inc. (2.66%), Terex Co. (2.88%), Silgan Holdings Inc. (2.15%), MSC Industrial Direct Co., Inc. (3.69%), Verra Mobility Co. (2.22%), Casella Waste Systems, Inc. (2.85%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

What does it mean to sell short Encore Wire stock?

Short selling WIRE is an investing strategy that aims to generate trading profit from Encore Wire as its price is falling. WIRE shares are trading down $1.31 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.

How does a short squeeze work against Encore Wire?

A short squeeze for Encore Wire 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 WIRE, which in turn drives the price of the stock up even further.

How often is Encore Wire's 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 WIRE, twice per month. The most recent reporting period available is March, 31 2024.

More Short Interest Resources from MarketBeat

This page (NASDAQ:WIRE) was last updated on 4/23/2024 by MarketBeat.com Staff

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