Wright Medical Group (WMGI) Short Interest Ratio & Short Volume

Short interest is the volume of Wright Medical Group shares that have been sold short but have not yet been closed out or covered. As of October 30th, investors have sold 18,910,000 shares of WMGI short. Learn More on Wright Medical Group'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. WMGI shares currently have a short interest ratio of 14.0. Learn More on Wright Medical Group's short interest ratio.

Wright Medical Group saw a increase in short interest in October. As of October 30th, there was short interest totaling 18,910,000 shares, an increase of 6.3% from the previous total of 17,790,000 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.

Here is how the short interest of companies compare to Wright Medical Group: Enovis Co. (8.74%), Eargo, Inc. (0.22%), Establishment Labs Holdings Inc. (21.72%), Avanos Medical, Inc. (2.61%), MSA Safety Incorporated (0.73%), Inogen, Inc. (7.18%), Smith & Nephew plc (0.46%), Insmed Incorporated (6.09%), Integer Holdings Co. (7.39%), Alkermes plc (8.48%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.15 billion), Aon plc ($3.50 billion), Snap Inc. ($3.18 billion), Analog Devices, Inc. ($2.90 billion), The Clorox Company ($2.87 billion), Uber Technologies, Inc. ($2.01 billion), The Kroger Co. ($1.86 billion), International Flavors & Fragrances Inc. ($1.80 billion), Moderna, Inc. ($1.80 billion), and Simon Property Group, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling WMGI is an investing strategy that aims to generate trading profit from Wright Medical Group as its price is falling. 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 Wright Medical Group 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 WMGI, 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 WMGI, twice per month. The most recent reporting period available is October, 30 2020.