Ocwen Financial Short Interest Ratio and Short Volume

Short interest is the volume of Ocwen Financial shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 130,200 shares of OCN short. 1.74% of Ocwen Financial'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. Ocwen Financial currently has a short interest ratio of 1.0.

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. 1.74% of Ocwen Financial's floating shares are currently sold short.

Ocwen Financial saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 130,200 shares, a decline of 4.2% from the previous total of 135,900 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.

Ocwen Financial currently has issued a total of 8,672,000 shares. Some of Ocwen Financial'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. Ocwen Financial currently has a public float of 7,480,000 shares.

1.74% of Ocwen Financial's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "thrifts & mortgage finance" compare to Ocwen Financial: People's United Financial, Inc. (0.00%), TFS Financial Co. (2.46%), New York Community Bancorp, Inc. (4.92%), Lendingtree Inc (25.85%), MGIC Investment Corp. (5.83%), Radian Group Inc (3.52%), Simply Good Foods Co (0.00%), Washington Federal Inc. (2.68%), Walker & Dunlop, Inc. (2.34%), and Capitol Federal Financial, Inc. (1.68%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.13 billion), Aon PLC ($3.40 billion), Clorox Co ($3.09 billion), ViacomCBS Inc. ($2.81 billion), Charles Schwab Co. ($2.80 billion), Kroger Co ($1.95 billion), Simon Property Group Inc ($1.82 billion), Restoration Hardware Holdings, Inc ($1.71 billion), International Flavors & Fragrances Inc ($1.69 billion), and C.H. Robinson Worldwide Inc ($1.67 billion). View all of the most shorted stocks.

Short selling OCN is an investing strategy that aims to generate trading profit from Ocwen Financial as its price is falling. Ocwen Financial's stock is trading down $0.09 today. To short Ocwen Financial 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 Ocwen Financial 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 Ocwen Financial 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 OCN, 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 OCN, twice per month. The most recent reporting period available is August, 31 2020.