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NYSE:GGB

Gerdau Short Interest Ratio and Short Volume

$4.60
-0.09 (-1.92 %)
(As of 02/26/2021 12:43 PM ET)
Add
Compare
Today's Range
$4.57
Now: $4.60
$4.79
50-Day Range
$4.24
MA: $4.67
$5.42
52-Week Range
$1.65
Now: $4.60
$5.47
Volume346,617 shs
Average Volume6.44 million shs
Market Capitalization$7.91 billion
P/E Ratio8.68
Dividend Yield1.00%
Beta2.06

Short Interest

Gerdau (NYSE:GGB) Short Interest Data

Current Short Volume2,700,000 shares
Previous Short Volume3,190,000 shares
Change Vs. Previous Month:-15.36%
Dollar Volume Sold Short$11.80 million
Short Interest Ratio / Days to Cover0.0
Last Record DateJanuary, 29 2021
Outstanding Shares1,719,660,000 shares
Float Size1,130,000,000 shares
Short Percent of Float0.24%
Today's Trading Volume346,617 shares
Average Trading Volume6,438,667 shares
Today's Volume Vs. Average-94.62%

Short Interest Over Time


Gerdau (NYSE:GGB) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
1/29/20212,700,000 shares $11.80 million -15.4%0.2%0.5 $4.37
1/15/20213,190,000 shares $14.26 million No Change0.3%0.6 $4.47
1/31/202064,060,000 shares $309.41 million +0.9%5.7%5.9 $4.83
1/15/202064,060,000 shares $309.41 million +0.9%5.7%5.9 $4.83
12/31/201963,490,000 shares $328.24 million +0.7%5.6%6.6 $5.17

Gerdau (NYSE:GGB) Short Interest FAQ

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What is Gerdau's current short interest?

Short interest is the volume of Gerdau shares that have been sold short but have not yet been covered or closed out. As of January 29th, investors have sold 2,700,000 shares of GGB short. 0.24% of Gerdau's shares are currently sold short. View details.

What is a good short interest percentage for Gerdau?

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. 0.24% of Gerdau's floating shares are currently sold short.

Is Gerdau's short interest increasing or decreasing?

Gerdau saw a decline in short interest in January. As of January 29th, there was short interest totaling 2,700,000 shares, a decline of 15.4% from the previous total of 3,190,000 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 Gerdau's float size?

Gerdau currently has issued a total of 1,719,660,000 shares. Some of Gerdau'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. Gerdau currently has a public float of 1,130,000,000 shares.

How does Gerdau's short interest compare to its competitors?

0.24% of Gerdau's shares are currently sold short. Here is how the short interest of companies in the industry of "steel works, blast furnaces, & rolling & finishing mills" compare to Gerdau: Nippon Steel Co. (0.00%), EVRAZ plc (0.00%), Companhia Siderúrgica Nacional (0.23%), SSAB AB (publ) (0.00%), Worthington Industries, Inc. (2.76%), Gibraltar Industries, Inc. (0.00%), Insteel Industries, Inc. (1.21%), Haynes International, Inc. (1.82%), Friedman Industries, Incorporated (0.05%), and China Gerui Advanced Materials Group Ltd. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon Plc ($5.34 billion), Charter Communications, Inc. ($5.03 billion), ViacomCBS Inc. ($4.99 billion), DuPont de Nemours, Inc. ($4.72 billion), Analog Devices, Inc. ($4.57 billion), Snap Inc. ($3.87 billion), Moderna, Inc. ($3.58 billion), Futu Holdings Limited ($2.75 billion), Snowflake Inc. ($2.43 billion), and Palantir Technologies Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Gerdau stock?

Short selling GGB is an investing strategy that aims to generate trading profit from Gerdau as its price is falling. Gerdau's stock is trading down $0.09 today. To short Gerdau 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 Gerdau 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 Gerdau?

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

How often is Gerdau's 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 GGB, twice per month. The most recent reporting period available is January, 29 2021.



This page was last updated on 2/26/2021 by MarketBeat.com Staff

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