CAI International (CAI) Short Interest Ratio & Short Volume

Short interest is the volume of CAI International shares that have been sold short but have not yet been closed out or covered. As of October 29th, investors have sold 594,200 shares of CAI short. 3.69% of CAI International's shares are currently sold short. Learn More on CAI 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. CAI shares currently have a short interest ratio of 4.0. Learn More on CAI International's short interest ratio.

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. 3.69% of CAI International's floating shares are currently sold short.

CAI International saw a drop in short interest during the month of October. As of October 29th, there was short interest totaling 594,200 shares, a drop of 2.2% from the previous total of 607,400 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.

CAI International currently has issued a total of 17,358,000 shares. Some of CAI International'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. CAI International currently has a public float of 16,100,000 shares.

3.69% of CAI International's shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to CAI International: International Seaways Inc. (5.89%), Cadeler A/S Sponsored ADR (0.78%), Werner Enterprises, Inc. (9.17%), CMB.TECH nv (6.05%), DHT Holdings, Inc. (3.38%), Despegar.com, Corp. (10.26%), Danaos Corporation (5.05%), Torm Plc (6.29%), BW LPG Limited (1.86%), JetBlue Airways Corporation (19.64%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling CAI is an investing strategy that aims to generate trading profit from CAI International as its price is falling. CAI shares are trading down $0.18 today. 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 CAI International 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 CAI, 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 CAI, twice per month. The most recent reporting period available is October, 29 2021.