Olympic Steel Short Interest Ratio and Short Volume

Olympic Steel (NASDAQ:ZEUS) Short Interest Frequently Asked Questions

What is Olympic Steel's current short interest?

Short interest is the volume of Olympic Steel shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 502,400 shares of ZEUS short. 5.37% of Olympic Steel's shares are currently sold short. Learn More on Olympic Steel's current short interest.

What is a good short interest ratio for Olympic Steel?

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. Olympic Steel currently has a short interest ratio of 6.0. Learn More on a good short interest ratio for Olympic Steel

Which institutional investors are shorting Olympic Steel?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Olympic Steel: PEAK6 Investments LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Olympic Steel?

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. 5.37% of Olympic Steel's floating shares are currently sold short.

Is Olympic Steel's short interest increasing or decreasing?

Olympic Steel saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 502,400 shares, an increase of 37.2% from the previous total of 366,100 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 Olympic Steel's float size?

Olympic Steel currently has issued a total of 11,077,000 shares. Some of Olympic Steel'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. Olympic Steel currently has a public float of 9,360,000 shares.

How does Olympic Steel's short interest compare to its competitors?

5.37% of Olympic Steel's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "steel" compare to Olympic Steel: Nucor Co. (2.49%), Steel Dynamics, Inc. (0.00%), Reliance Steel & Aluminum Co. (1.00%), Cleveland-Cliffs Inc. (8.84%), United States Steel Co. (15.78%), Commercial Metals (1.75%), Worthington Industries, Inc. (4.59%), Allegheny Technologies Incorporated (10.26%), Carpenter Technology Co. (3.23%), and Schnitzer Steel Industries, Inc. (2.48%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($9.39 billion), Advanced Micro Devices, Inc. ($9.08 billion), Charter Communications, Inc. ($7.16 billion), Palo Alto Networks, Inc. ($4.05 billion), Lucid Group Inc ($3.43 billion), Wayfair Inc. ($3.11 billion), Rivian ($3.05 billion), Datadog, Inc. ($2.76 billion), Zscaler, Inc. ($2.55 billion), and Etsy, Inc. ($1.99 billion). View all of the most shorted stocks.

What does it mean to sell short Olympic Steel stock?

Short selling ZEUS is an investing strategy that aims to generate trading profit from Olympic Steel as its price is falling. Olympic Steel's stock is trading down $1.25 today. To short Olympic Steel 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 Olympic Steel 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 Olympic Steel?

A short squeeze for Olympic Steel 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 ZEUS, which in turn drives the price of the stock up even further.

How often is Olympic Steel'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 ZEUS, twice per month. The most recent reporting period available is December, 31 2021.