Medtronic (MDT) Short Interest Ratio & Short Volume

Short interest is the volume of Medtronic shares that have been sold short but have not yet been covered or closed out. As of August 15th, investors have sold 14,840,000 shares of MDT short. 1.16% of Medtronic's shares are currently sold short. Learn More on Medtronic'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. MDT shares currently have a short interest ratio of 2.0. Learn More on Medtronic's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Medtronic: Maven Securities LTD, Cetera Investment Advisers, Point72 Asset Management L.P., Susquehanna International Group LLP, Millennium Management LLC, Squarepoint Ops LLC, Cubist Systematic Strategies LLC, Point72 DIFC Ltd, Wolverine Asset Management 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. 1.16% of Medtronic's floating shares are currently sold short.

Medtronic saw a increase in short interest in August. As of August 15th, there was short interest totaling 14,840,000 shares, an increase of 10.6% from the previous total of 13,420,000 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.

Medtronic currently has issued a total of 1,282,490,000 shares. Some of Medtronic'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. Medtronic currently has a public float of 1,280,000,000 shares.

1.16% of Medtronic's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Medtronic: Abbott Laboratories (0.73%), Intuitive Surgical, Inc. (1.05%), Stryker Co. (1.05%), Boston Scientific Co. (0.73%), Becton, Dickinson and Company (0.51%), Edwards Lifesciences Co. (1.07%), IDEXX Laboratories, Inc. (2.96%), ResMed Inc. (6.66%), DexCom, Inc. (1.89%), STERIS plc (2.63%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.23 billion), Aptiv PLC ($2.50 billion), Royal Caribbean Cruises Ltd. ($2.48 billion), Paychex, Inc. ($2.25 billion), Moderna, Inc. ($2.17 billion), Cencora, Inc. ($2.12 billion), Tractor Supply ($1.93 billion), Onsemi ($1.82 billion), International Paper ($1.81 billion), and Rivian Automotive, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling MDT is an investing strategy that aims to generate trading profit from Medtronic as its price is falling. MDT shares are trading down $0.04 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 Medtronic 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 MDT, 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 MDT, twice per month. The most recent reporting period available is August, 15 2024.