Eagle Materials - EXP Short Interest Ratio & Short Volume

Short interest is the volume of Eagle Materials shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 681,900 shares of EXP short. 1.92% of Eagle Materials' shares are currently sold short. Learn More on Eagle Materials' 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. EXP shares currently have a short interest ratio of 2.0. Learn More on Eagle Materials's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Eagle Materials: Susquehanna International Group LLP, Simplex Trading LLC, and Concourse Financial Group Securities Inc.. 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. 1.92% of Eagle Materials' floating shares are currently sold short.

Eagle Materials saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 681,900 shares, a drop of 17.1% from the previous total of 822,400 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.

Eagle Materials currently has issued a total of 36,050,000 shares. Some of Eagle Materials' 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. Eagle Materials currently has a public float of 35,580,000 shares.

1.92% of Eagle Materials' shares are currently sold short. Here is how the short interest of companies in the sector of "construction" compare to Eagle Materials: CEMEX, S.A.B. de C.V. (0.45%), Comfort Systems USA, Inc. (1.62%), ChampionX Co. (3.92%), AAON, Inc. (1.46%), Trex Company, Inc. (6.11%), UFP Industries, Inc. (1.86%), Rayonier Inc. (1.72%), Altair Engineering Inc. (3.21%), Simpson Manufacturing Co., Inc. (1.51%), and Acuity Brands, Inc. (4.44%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling EXP is an investing strategy that aims to generate trading profit from Eagle Materials as its price is falling. EXP shares are trading up $0.86 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 Eagle Materials 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 EXP, 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 EXP, twice per month. The most recent reporting period available is March, 15 2023.