SEASPAN CORP/SH SH (SSW) Short Interest Ratio & Short Volume

Short interest is the volume of SEASPAN CORP/SH SH shares that have been sold short but have not yet been closed out or covered. As of February 14th, traders have sold 4,700,000 shares of SSW short. 4.04% of SEASPAN CORP/SH SH's shares are currently sold short. Learn More on SEASPAN CORP/SH SH'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. SSW shares currently have a short interest ratio of 6.0. Learn More on SEASPAN CORP/SH SH's short interest ratio.

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. 4.04% of SEASPAN CORP/SH SH's floating shares are currently sold short.

SEASPAN CORP/SH SH saw a decrease in short interest in the month of February. As of February 14th, there was short interest totaling 4,700,000 shares, a decrease of 6.0% from the previous total of 5,000,000 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.

SEASPAN CORP/SH SH currently has issued a total of 215,756,000 shares. Some of SEASPAN CORP/SH SH'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. SEASPAN CORP/SH SH currently has a public float of 116,330,000 shares.

4.04% of SEASPAN CORP/SH SH's shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to SEASPAN CORP/SH SH: Trinity Industries, Inc. (2.15%), Textainer Group Holdings Limited (4.65%), JetBlue Airways Co. (12.81%), Hertz Global Holdings, Inc (18.72%), Werner Enterprises, Inc. (4.89%), Teekay Tankers Ltd. (3.21%), Star Bulk Carriers Corp. (6.58%), RXO, Inc. (2.57%), DHT Holdings, Inc. (2.48%), SFL Co. Ltd. (1.58%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($11.87 billion), Charter Communications, Inc. ($5.15 billion), Microchip Technology Incorporated ($2.98 billion), Match Group, Inc. ($2.25 billion), The Charles Schwab Co. ($2.09 billion), Simon Property Group, Inc. ($2.06 billion), Tiffany & Co. ($1.81 billion), Hormel Foods Co. ($1.66 billion), Omnicom Group Inc. ($1.61 billion), and International Flavors & Fragrances Inc. ($1.54 billion). View all of the most shorted stocks.

Short selling SSW is an investing strategy that aims to generate trading profit from SEASPAN CORP/SH SH as its price is falling. 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 SEASPAN CORP/SH SH 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 SSW, 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 SSW, twice per month. The most recent reporting period available is February, 14 2020.