AutoZone Short Interest Ratio and Short Volume

Short interest is the volume of AutoZone shares that have been sold short but have not yet been covered or closed out. As of February 12th, traders have sold 404,500 shares of AZO short. 1.78% of AutoZone's shares are currently sold short. View details.

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. AutoZone currently has a short interest ratio of 2.0.

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. 1.78% of AutoZone's floating shares are currently sold short.

AutoZone saw a decrease in short interest in February. As of February 12th, there was short interest totaling 404,500 shares, a decrease of 11.6% from the previous total of 457,400 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.

AutoZone currently has issued a total of 22,759,000 shares. Some of AutoZone'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. AutoZone currently has a public float of 22,670,000 shares.

1.78% of AutoZone's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "automotive retail" compare to AutoZone: O'Reilly Automotive, Inc. (1.46%), CarMax, Inc. (3.56%), Advance Auto Parts, Inc. (5.29%), Lithia Motors, Inc. (0.00%), AutoNation, Inc. (4.53%), Penske Automotive Group, Inc. (7.29%), Asbury Automotive Group, Inc. (11.01%), Group 1 Automotive, Inc. (14.23%), Monro, Inc. (6.40%), and Sonic Automotive, Inc. (14.70%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling AZO is an investing strategy that aims to generate trading profit from AutoZone as its price is falling. AutoZone's stock is trading up $13.09 today. To short AutoZone 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 AutoZone 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 AutoZone 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 AZO, 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 AZO, twice per month. The most recent reporting period available is February, 12 2021.