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Alta Equipment Group Short Interest Ratio and Short Volume

+2.10 (+16.28 %)
(As of 05/14/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume373,366 shs
Average Volume96,616 shs
Market Capitalization$450.29 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Alta Equipment Group (NYSE:ALTG) Short Interest Data

Current Short Volume303,300 shares
Previous Short Volume769,300 shares
Change Vs. Previous Month-60.57%
Dollar Volume Sold Short$4.06 million
Short Interest Ratio / Days to Cover3.0
Last Record DateApril, 15 2021
Outstanding Shares30,019,000 shares
Float Size22,060,000 shares
Short Percent of Float1.37%
Today's Trading Volume373,366 shares
Average Trading Volume96,616 shares
Today's Volume Vs. Average286.44%

Short Interest Over Time

Alta Equipment Group (NYSE:ALTG) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021303,300 shares $4.06 million -60.6%1.4%3 $13.38
3/31/2021769,300 shares $10.17 million -2.2%3.5%8.7 $13.22
3/15/2021786,900 shares $9.25 million -11.9%3.6%8.3 $11.76
2/26/2021893,500 shares $9.55 million -3.4%4.0%10.8 $10.69
2/12/2021925,100 shares $9.73 million -7.5%4.2%12 $10.52
1/29/20211,000,000 shares $9.78 million -1.0%4.5%12.5 $9.78
1/15/20211,010,000 shares $10.19 million No Change4.6%13.1 $10.09

Alta Equipment Group (NYSE:ALTG) Short Interest FAQ

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What is Alta Equipment Group's current short interest?

Short interest is the volume of Alta Equipment Group shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 303,300 shares of ALTG short. 1.37% of Alta Equipment Group's shares are currently sold short. View details.

What is a good short interest ratio for Alta Equipment Group?

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. Alta Equipment Group currently has a short interest ratio of 3.0.

What is a good short interest percentage for Alta Equipment Group?

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. 1.37% of Alta Equipment Group's floating shares are currently sold short.

Is Alta Equipment Group's short interest increasing or decreasing?

Alta Equipment Group saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 303,300 shares, a decline of 60.6% from the previous total of 769,300 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.

What is Alta Equipment Group's float size?

Alta Equipment Group currently has issued a total of 30,019,000 shares. Some of Alta Equipment Group'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. Alta Equipment Group currently has a public float of 22,060,000 shares.

How does Alta Equipment Group's short interest compare to its competitors?

1.37% of Alta Equipment Group's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Alta Equipment Group: The Japan Steel Works, Ltd. (0.00%), Encore Wire Co. (1.40%), Enerpac Tool Group Corp. (2.48%), TPI Composites, Inc. (8.09%), Astec Industries, Inc. (2.04%), Tennant (0.00%), Danimer Scientific, Inc. (12.95%), Omega Flex, Inc. (7.65%), Columbus McKinnon Co. (2.58%), and Intertape Polymer Group Inc. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Alta Equipment Group stock?

Short selling ALTG is an investing strategy that aims to generate trading profit from Alta Equipment Group as its price is falling. Alta Equipment Group's stock is trading up $2.10 today. To short Alta Equipment Group 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 Alta Equipment Group 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 Alta Equipment Group?

A short squeeze for Alta Equipment 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 ALTG, which in turn drives the price of the stock up even further.

How often is Alta Equipment Group'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 ALTG, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/16/2021 by Staff
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