HDFC Bank Short Interest Ratio and Short Volume

Short interest is the volume of HDFC Bank shares that have been sold short but have not yet been covered or closed out. As of February 12th, traders have sold 5,390,000 shares of HDB short. 0.29% of HDFC Bank's shares are currently sold short. View details.

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. HDFC Bank currently has a short interest ratio of 4.0.

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. 0.29% of HDFC Bank's floating shares are currently sold short.

HDFC Bank saw a decline in short interest in the month of February. As of February 12th, there was short interest totaling 5,390,000 shares, a decline of 3.2% from the previous total of 5,570,000 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.

HDFC Bank currently has issued a total of 1,827,762,000 shares. Some of HDFC Bank'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. HDFC Bank currently has a public float of 1,840,000,000 shares.

0.29% of HDFC Bank's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to HDFC Bank: Royal Bank of Canada (0.37%), Commonwealth Bank of Australia (0.00%), The Toronto-Dominion Bank (0.37%), BNP Paribas SA (0.00%), Mitsubishi UFJ Financial Group, Inc. (0.05%), Westpac Banking Co. (0.00%), Australia and New Zealand Banking Group Limited (0.00%), Banco Santander, S.A. (0.00%), ICICI Bank Limited (0.00%), and Bank of Montreal (0.52%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling HDB is an investing strategy that aims to generate trading profit from HDFC Bank as its price is falling. HDFC Bank's stock is trading up $0.95 today. To short HDFC Bank 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 HDFC Bank 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 HDFC Bank 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 HDB, 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 HDB, twice per month. The most recent reporting period available is February, 12 2021.