Anixter International (AXE) Short Interest Ratio & Short Volume

Short interest is the volume of Anixter International shares that have been sold short but have not yet been closed out or covered. As of May 29th, investors have sold 2,720,000 shares of AXE short. Learn More on Anixter 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. AXE shares currently have a short interest ratio of 6.0. Learn More on Anixter International's short interest ratio.

Anixter International saw a increase in short interest in May. As of May 29th, there was short interest totaling 2,720,000 shares, an increase of 5.8% from the previous total of 2,570,000 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 "computer and technology" compare to Anixter International: WESCO International, Inc. (2.50%), Asana, Inc. (14.60%), Synaptics Incorporated (5.93%), Impinj, Inc. (11.93%), Camtek Ltd. (7.92%), nCino, Inc. (5.17%), FormFactor, Inc. (3.27%), Diodes Incorporated (3.50%), Sanmina Co. (2.12%), Tower Semiconductor Ltd. (0.78%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.03 billion), Ecolab Inc. ($3.64 billion), Match Group, Inc. ($3.59 billion), Wayfair Inc. ($3.02 billion), Morgan Stanley ($2.87 billion), Tesla, Inc. ($2.69 billion), The Charles Schwab Co. ($2.64 billion), The Clorox Company ($2.50 billion), Zillow Group, Inc. ($1.86 billion), and International Flavors & Fragrances Inc. ($1.85 billion). View all of the most shorted stocks.

Short selling AXE is an investing strategy that aims to generate trading profit from Anixter 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 Anixter 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 AXE, 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 AXE, twice per month. The most recent reporting period available is May, 29 2020.