Carpenter Technology (CRS) Short Interest Ratio & Short Volume

Short interest is the volume of Carpenter Technology shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 1,360,000 shares of CRS short. Learn More on Carpenter Technology'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. CRS shares currently have a short interest ratio of 3.0. Learn More on Carpenter Technology's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Carpenter Technology: Walleye Capital LLC, Wolverine Trading LLC, PEAK6 Investments LLC, Simplex Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Carpenter Technology saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,360,000 shares, an increase of 24.8% from the previous total of 1,090,000 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.

Here is how the short interest of companies in the sector of "basic materials" compare to Carpenter Technology: United States Steel Co. (5.99%), Algoma Steel Group Inc. (3.41%), TimkenSteel Co. (6.68%), Ternium S.A. (0.09%), NexGen Energy Ltd. (7.40%), Sibanye Stillwater Limited (1.92%), The Scotts Miracle-Gro Company (11.54%), Quaker Chemical Co. (7.07%), Avient Co. (1.30%), Harmony Gold Mining Company Limited (0.89%),

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 CRS is an investing strategy that aims to generate trading profit from Carpenter Technology as its price is falling. CRS shares are trading up $2.22 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 Carpenter Technology 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 CRS, 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 CRS, twice per month. The most recent reporting period available is November, 15 2023.