Argo Group International (ARGO) Short Interest Ratio & Short Volume

Short interest is the volume of Argo Group International shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 1,550,000 shares of ARGO short. Learn More on Argo Group International'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. ARGO shares currently have a short interest ratio of 5.0. Learn More on Argo Group International's short interest ratio.

Argo Group International saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 1,550,000 shares, a drop of 16.2% from the previous total of 1,850,000 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 in the sector of "financial services" compare to Argo Group International: FS Credit Opportunities Corp. (0.01%), Oxford Lane Capital Corp. (1.02%), John Hancock Financial Opportunities Fund (0.04%), Highest Performances Holdings Inc. (0.01%), American National Bankshares Inc. (0.57%), CapStar Financial Holdings, Inc. (1.69%), Pacific Premier Bancorp, Inc. (1.73%), Texas Capital Bancshares, Inc. (5.15%), Grupo Aval Acciones y Valores S.A. (0.03%), CNO Financial Group, Inc. (2.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling ARGO is an investing strategy that aims to generate trading profit from Argo Group International 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 Argo Group International 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 ARGO, 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 ARGO, twice per month. The most recent reporting period available is October, 31 2023.