Cameco (CCJ) Short Interest Ratio & Short Volume

Short interest is the volume of Cameco shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 26,190,000 shares of CCJ short. 6.06% of Cameco's shares are currently sold short. Learn More on Cameco'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. CCJ shares currently have a short interest ratio of 5.0. Learn More on Cameco's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Cameco: Citigroup Inc., Walleye Trading LLC, Walleye Capital LLC, GTS Securities LLC, Wolverine Trading LLC, Royal Bank of Canada, Scopus Asset Management L.P., SIG North Trading ULC, JPMorgan Chase & Co., Nomura Holdings Inc., PEAK6 Investments LLC, Hsbc Holdings PLC, HAP Trading LLC, Group One Trading L.P., Citigroup Inc., HighTower Advisors LLC, Cutler Group LLC CA, Concourse Financial Group Securities Inc., and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 6.06% of Cameco's floating shares are currently sold short.

Cameco saw a increase in short interest in November. As of November 15th, there was short interest totaling 26,190,000 shares, an increase of 13.0% from the previous total of 23,180,000 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.

Cameco currently has issued a total of 434,030,000 shares. Some of Cameco'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. Cameco currently has a public float of 431,950,000 shares.

6.06% of Cameco's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to Cameco: ArcelorMittal S.A. (0.66%), Franco-Nevada Co. (2.10%), Steel Dynamics, Inc. (4.09%), Teck Resources Limited (2.42%), Wheaton Precious Metals Corp. (3.93%), Westlake Co. (7.67%), Reliance Steel & Aluminum Co. (1.49%), Bunge Global SA (1.85%), Celanese Co. (6.48%), Suzano S.A. (0.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling CCJ is an investing strategy that aims to generate trading profit from Cameco as its price is falling. CCJ shares are trading up $0.87 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 Cameco 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 CCJ, 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 CCJ, twice per month. The most recent reporting period available is November, 15 2023.