S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support

Cummins (CMI) Short Interest Ratio & Short Volume

$268.61
-1.75 (-0.65%)
(As of 02/29/2024 ET)

Cummins Short Interest Data

Current Short Volume
3,230,000 shares
Previous Short Volume
1,980,000 shares
Change Vs. Previous Month
+63.13%
Dollar Volume Sold Short
$858.73 million
Short Interest Ratio / Days to Cover
3.0
Last Record Date
February 15, 2024
Outstanding Shares
141,860,000 shares
Float Size
139,490,000 shares
Short Percent of Float
2.32%
Today's Trading Volume
3,714,612 shares
Average Trading Volume
1,852,737 shares
Today's Volume Vs. Average
200%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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CMI Short Interest Over Time

CMI Days to Cover Over Time

CMI Percentage of Float Shorted Over Time


Cummins Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/15/20243,230,000 shares $858.73 million +63.1%2.3%3 $265.86
1/31/20241,980,000 shares $473.73 million +3.7%1.4%2.5 $239.26
1/15/20241,910,000 shares $452.96 million -2.1%1.4%2.4 $237.15
12/31/20231,950,000 shares $467.16 million +4.8%1.4%2.6 $239.57
12/15/20231,860,000 shares $449.30 million +17.7%1.3%2.5 $241.56
11/30/20231,580,000 shares $354.17 million +15.3%1.1%2 $224.16
11/15/20231,370,000 shares $306.54 million -6.2%1.0%1.8 $223.75
10/31/20231,460,000 shares $315.80 million -21.1%1.1%1.9 $216.30
10/15/20231,850,000 shares $421.28 million -10.2%1.3%2.5 $227.72
9/30/20232,060,000 shares $470.63 million +15.7%1.5%2.6 $228.46
9/15/20231,780,000 shares $419.19 million -2.2%1.3%2.1 $235.50
8/31/20231,820,000 shares $418.67 million -6.7%1.3%2 $230.04
8/15/20231,950,000 shares $453.51 million -1.0%1.4%2.1 $232.57
7/31/20231,970,000 shares $513.78 million -27.8%1.4%2 $260.80
7/15/20232,730,000 shares $688.42 million +1.1%2.0%2.8 $252.17
6/30/20232,700,000 shares $662.07 million +21.6%1.9%2.8 $245.21
6/15/20232,220,000 shares $526.65 million +1.8%1.6%2.2 $237.23
5/31/20232,180,000 shares $445.61 million +21.8%1.6%2 $204.41
5/15/20231,790,000 shares $391.56 million -10.1%1.3%1.7 $218.75
4/30/20231,990,000 shares $467.73 million -14.6%1.4%1.9 $235.04
4/15/20232,330,000 shares $544.31 million -4.5%1.7%2.2 $233.61
3/31/20232,440,000 shares $582.87 million -19.2%1.8%2.3 $238.88
3/15/20233,020,000 shares $696.08 million +25.8%2.2%3 $230.49
2/28/20232,400,000 shares $583.39 million -3.6%1.7%2.7 $243.08
2/15/20232,490,000 shares $632.06 million -9.5%1.8%2.9 $253.84
1/31/20232,750,000 shares $686.24 million -16.7%2.0%3.1 $249.54
1/15/20233,300,000 shares $833.75 million -6.5%2.4%3.4 $252.65
12/30/20223,530,000 shares $855.28 million -0.3%2.6%3.8 $242.29
12/15/20223,540,000 shares $835.16 million +6.0%2.6%3.6 $235.92
11/30/20223,340,000 shares $838.87 million +1.5%2.4%3.6 $251.16
11/15/20223,290,000 shares $824.84 million -7.6%2.4%3.6 $250.71
10/31/20223,560,000 shares $870.46 million +7.6%2.6%4.1 $244.51
10/15/20223,310,000 shares $725.72 million +9.6%2.4%4 $219.25
9/30/20223,020,000 shares $614.60 million +6.0%2.2%3.5 $203.51
9/15/20222,850,000 shares $602.80 million +2.9%2.1%3.4 $211.51
8/31/20222,770,000 shares $596.57 million +8.6%2.0%3.2 $215.37
8/15/20222,550,000 shares $588.39 million +2.4%1.8%2.9 $230.74
7/31/20222,490,000 shares $551.06 million +19.7%1.8%2.7 $221.31
7/15/20222,080,000 shares $408.43 million -9.2%1.5%2.2 $196.36
6/30/20222,290,000 shares $443.18 million +12.3%N/A2.4 $193.53













CMI Short Interest - Frequently Asked Questions

What is Cummins' current short interest?

Short interest is the volume of Cummins shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 3,230,000 shares of CMI short. 2.32% of Cummins' shares are currently sold short. Learn More on Cummins' current short interest.

What is a good short interest ratio for Cummins?

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. CMI shares currently have a short interest ratio of 3.0. Learn More on Cummins's short interest ratio.

Which institutional investors are shorting Cummins?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Cummins: GTS Securities LLC, Barclays PLC, Wolverine Trading LLC, Paloma Partners Management Co, Parallax Volatility Advisers L.P., Caas Capital Management LP, Citadel Advisors LLC, Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Verition Fund Management LLC, PEAK6 Investments LLC, Optiver Holding B.V., Eisler Capital US LLC, Capstone Investment Advisors LLC, Hsbc Holdings PLC, IMC Chicago LLC, UBS Group AG, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Genus Capital Management Inc., Cutler Group LLC CA, and Citigroup Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Cummins?

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. 2.32% of Cummins' floating shares are currently sold short.

Is Cummins' short interest increasing or decreasing?

Cummins saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 3,230,000 shares, an increase of 63.1% from the previous total of 1,980,000 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 Cummins' float size?

Cummins currently has issued a total of 141,860,000 shares. Some of Cummins' 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. Cummins currently has a public float of 139,490,000 shares.

How does Cummins' short interest compare to its competitors?

2.32% of Cummins' shares are currently sold short. Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Cummins: General Motors (8.39%), Ford Motor (4.01%), Li Auto Inc. (2.68%), Genuine Parts (1.11%), Mobileye Global Inc. (20.82%), PACCAR Inc (1.06%), Honda Motor Co., Ltd. (0.08%), Magna International Inc. (3.60%), LKQ Co. (1.79%), Rivian Automotive, Inc. (16.81%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

What does it mean to sell short Cummins stock?

Short selling CMI is an investing strategy that aims to generate trading profit from Cummins as its price is falling. CMI shares are trading down $1.75 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.

How does a short squeeze work against Cummins?

A short squeeze for Cummins 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 CMI, which in turn drives the price of the stock up even further.

How often is Cummins' 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 CMI, twice per month. The most recent reporting period available is February, 15 2024.



More Short Interest Resources from MarketBeat

This page (NYSE:CMI) was last updated on 3/1/2024 by MarketBeat.com Staff