Insteel Industries (IIIN) Short Interest Ratio & Short Volume

Short interest is the volume of Insteel Industries shares that have been sold short but have not yet been closed out or covered. As of July 30th, traders have sold 317,100 shares of IIIN short. 1.73% of Insteel Industries' shares are currently sold short. Learn More on Insteel Industries' 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. IIIN shares currently have a short interest ratio of 3.0. Learn More on Insteel Industries's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Insteel Industries: Citadel Advisors LLC. 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. 1.73% of Insteel Industries' floating shares are currently sold short.

Insteel Industries saw a decline in short interest in July. As of July 30th, there was short interest totaling 317,100 shares, a decline of 1.5% from the previous total of 322,000 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.

Insteel Industries currently has issued a total of 19,412,000 shares. Some of Insteel Industries' 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. Insteel Industries currently has a public float of 18,370,000 shares.

1.73% of Insteel Industries' shares are currently sold short. Here is how the short interest of companies compare to Insteel Industries: Gibraltar Industries, Inc. (1.86%), American Woodmark Co. (3.18%), Apogee Enterprises, Inc. (2.21%), Quanex Building Products Co. (5.33%), Lennox International Inc. (4.95%), Masco Co. (3.52%), Builders FirstSource, Inc. (3.99%), Owens Corning (1.46%), A. O. Smith Co. (5.12%), AAON, Inc. (4.92%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($9.46 billion), Block, Inc. ($7.91 billion), S&P Global Inc. ($7.79 billion), Analog Devices, Inc. ($7.10 billion), Moderna, Inc. ($6.65 billion), Aon plc ($5.10 billion), Charter Communications, Inc. ($5.09 billion), Wayfair Inc. ($3.82 billion), Teladoc Health, Inc. ($2.64 billion), and Nuance Communications, Inc. ($2.45 billion). View all of the most shorted stocks.

Short selling IIIN is an investing strategy that aims to generate trading profit from Insteel Industries as its price is falling. IIIN shares are trading up $0.55 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 Insteel Industries 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 IIIN, 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 IIIN, twice per month. The most recent reporting period available is July, 30 2021.