TCF Financial Short Interest Ratio and Short Volume

Short interest is the volume of TCF Financial shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 2,519,400 shares of TCF short. 1.67% of TCF 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. TCF Financial 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. 1.67% of TCF Financial's floating shares are currently sold short.

TCF Financial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,519,400 shares, a decrease of 59.3% from the previous total of 6,192,800 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.

TCF Financial currently has issued a total of 152,109,000 shares. Some of TCF 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. TCF Financial currently has a public float of 151,290,000 shares.

As of the most recent reporting period, the following stocks had the largest short interest positions: Alta Mesa Resources Inc ($1.37 million), Fred's, Inc. ($482,136.00), and Hemispherx BioPharma, Inc ($217,080.00). View all of the most shorted stocks.

Short selling TCF is an investing strategy that aims to generate trading profit from TCF Financial as its price is falling. TCF Financial's stock is trading up $0.57 today. To short TCF 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 TCF 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 TCF Financial 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 TCF, 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 TCF, twice per month. The most recent reporting period available is August, 31 2019.