S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
Log in

Commercial Metals Short Interest Ratio and Short Volume

+0.49 (+2.33 %)
(As of 01/22/2021 12:00 AM ET)
Today's Range
Now: $21.52
50-Day Range
MA: $20.81
52-Week Range
Now: $21.52
Volume1.21 million shs
Average Volume1.55 million shs
Market Capitalization$2.58 billion
P/E Ratio9.96
Dividend Yield2.28%

Short Interest

Commercial Metals (NYSE:CMC) Short Interest Data

Current Short Volume:4,670,000 shares
Previous Short Volume:3,610,000 shares
Change Vs. Previous Month:+29.36%
Dollar Volume Sold Short:$101.15 million
Short Interest Ratio / Days to Cover:4.0
Last Record Date:December, 31 2020
Outstanding Shares:117,920,000 shares
Float Size:117,530,000 shares
Short Percent of Float:3.97%
Today's Trading Volume:1,212,962 shares
Average Trading Volume:1,549,963 shares
Today's Volume Vs. Average:-21.74%

Commercial Metals (NYSE:CMC) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
12/31/20204,670,000 $101.15 million 29.4%4.0%4.1$21.66
12/15/20204,670,000 $98.86 million 29.4%4.0%4.1$21.17
11/30/20203,610,000 $72.42 million -6.7%3.1%3.2$20.06
11/15/20203,870,000 $77.05 million -8.3%3.3%3.6$19.91
10/30/20204,220,000 $88.07 million -2.3%3.6%3.9$20.87
10/15/20204,320,000 $89.47 million -5.9%3.7%4$20.71
9/30/20204,590,000 $105.75 million -10.4%3.9%4.4$23.04
9/15/20205,120,000 $103.42 million -12.2%4.4%4.8$20.20
8/31/20205,830,000 $115.84 million -13.2%5.0%5$19.87
8/14/20206,720,000 $142.73 million -2.2%5.7%5.3$21.24
7/31/20206,870,000 $150.45 million -5.6%5.9%5.2$21.90
7/15/20207,280,000 $150.55 million -3.6%6.2%5.5$20.68
6/30/20207,550,000 $154.17 million 0.5%6.4%5.7$20.42
6/15/20207,510,000 $149.22 million 5.2%6.4%5$19.87
5/29/20207,140,000 $140.23 million -6.8%6.1%4.5$19.64
5/15/20207,660,000 $131.45 million -8.8%6.5%4.7$17.16
4/30/20208,400,000 $149.69 million -0.1%7.1%5.4$17.82
4/15/20208,410,000 $134.90 million 2.9%7.2%5.2$16.04
3/31/20208,170,000 $125.57 million -14.6%7.0%4.5$15.37
3/13/20209,571,200 $161.75 million 3.7%8.2%5.5$16.90
2/28/20209,230,000 $123.22 million -0.8%7.9%5.3$13.35
2/14/20209,300,000 $144.89 million 3.9%7.9%5.5$15.58
1/31/20208,950,000 $175.06 million 5.9%7.6%5.3$19.56
1/15/20208,450,000 $182.77 million 13.3%7.2%4.9$21.63
12/31/20197,460,000 $160.69 million 1.5%6.4%4.4$21.54

Commercial Metals (NYSE:CMC) Short Interest FAQ

speech bubbles
speech bubbles

What is Commercial Metals' current short interest?

Short interest is the volume of Commercial Metals shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 4,670,000 shares of CMC short. 3.97% of Commercial Metals' shares are currently sold short. View details.

What is a good short interest ratio for Commercial Metals?

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. Commercial Metals currently has a short interest ratio of 4.0.

What is a good short interest percentage for Commercial Metals?

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. 3.97% of Commercial Metals' floating shares are currently sold short.

Is Commercial Metals' short interest increasing or decreasing?

Commercial Metals saw a increase in short interest in December. As of December 31st, there was short interest totaling 4,670,000 shares, an increase of 29.4% from the previous total of 3,610,000 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.

What is Commercial Metals' float size?

Commercial Metals currently has issued a total of 120,068,000 shares. Some of Commercial Metals' 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. Commercial Metals currently has a public float of 117,530,000 shares.

How does Commercial Metals' short interest compare to its competitors?

3.97% of Commercial Metals' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "steel" compare to Commercial Metals: Nucor Co. (1.12%), Steel Dynamics, Inc. (1.95%), Reliance Steel & Aluminum Co. (1.26%), Cleveland-Cliffs Inc (0.00%), United States Steel Co. (0.00%), Worthington Industries, Inc. (2.88%), Allegheny Technologies Incorporated (9.20%), Carpenter Technology Co. (3.58%), Schnitzer Steel Industries, Inc. (3.55%), and Haynes International, Inc. (2.08%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.18 billion), ViacomCBS Inc. ($4.71 billion), Analog Devices, Inc. ($4.45 billion), Aon Plc ($4.28 billion), Snap Inc. ($3.70 billion), Moderna, Inc. ($3.00 billion), The Clorox Company ($2.46 billion), Peloton Interactive, Inc. ($2.40 billion), The Kroger Co. ($2.38 billion), and Expedia Group, Inc. ($2.37 billion). View all of the most shorted stocks.

What does it mean to sell short Commercial Metals stock?

Short selling CMC is an investing strategy that aims to generate trading profit from Commercial Metals as its price is falling. Commercial Metals' stock is trading up $0.49 today. To short Commercial Metals 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 Commercial Metals 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.

How does a short squeeze work against Commercial Metals?

A short squeeze for Commercial Metals 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 CMC, which in turn drives the price of the stock up even further.

How often is Commercial Metals' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CMC, twice per month. The most recent reporting period available is December, 31 2020.

This page was last updated on 1/24/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.