Methode Electronics Short Interest Ratio and Short Volume

Short interest is the volume of Methode Electronics shares that have been sold short but have not yet been closed out or covered. As of October 30th, traders have sold 447,200 shares of MEI short. 1.28% of Methode Electronics' 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. Methode Electronics currently has a short interest ratio of 2.0.

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. 1.28% of Methode Electronics' floating shares are currently sold short.

Methode Electronics saw a drop in short interest in October. As of October 30th, there was short interest totaling 447,200 shares, a drop of 8.5% from the previous total of 488,900 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.

Methode Electronics currently has issued a total of 37,530,000 shares. Some of Methode Electronics' 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. Methode Electronics currently has a public float of 34,940,000 shares.

1.28% of Methode Electronics' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "electronic manufacturing services" compare to Methode Electronics: Trimble Inc. (0.92%), IPG Photonics Co. (3.86%), Jabil Inc. (2.33%), Mercury Systems, Inc. (1.95%), Fabrinet (1.05%), Plexus Corp. (2.18%), Sanmina Co. (2.86%), TTM Technologies, Inc. (7.38%), CTS Co. (1.86%), and Benchmark Electronics, Inc. (1.90%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), Clorox Co ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling MEI is an investing strategy that aims to generate trading profit from Methode Electronics as its price is falling. Methode Electronics' stock is trading up $0.33 today. To short Methode Electronics 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 Methode Electronics 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 Methode Electronics 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 MEI, 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 MEI, twice per month. The most recent reporting period available is October, 30 2020.