Tower International (TOWR) Short Interest Ratio & Short Volume

Short interest is the volume of Tower International shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 186,700 shares of TOWR short. 0.95% of Tower International's shares are currently sold short. Learn More on Tower International's current short interest.

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. 0.95% of Tower International's floating shares are currently sold short.

Tower International saw a decline in short interest in September. As of September 15th, there was short interest totaling 186,700 shares, a decline of 36.3% from the previous total of 293,100 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.

Tower International currently has issued a total of 20,690,000 shares. Some of Tower International'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. Tower International currently has a public float of 19,730,000 shares.

0.95% of Tower International's shares are currently sold short. Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Tower International: Standard Motor Products, Inc. (1.96%), American Axle & Manufacturing Holdings, Inc. (2.53%), Gentherm Incorporated (3.32%), Dana Incorporated (4.07%), Luminar Technologies, Inc. (19.46%), Holley Inc. (3.95%), Cooper-Standard Holdings Inc. (5.76%), Commercial Vehicle Group, Inc. (1.24%), Canoo Inc. (19.35%), Aeva Technologies, Inc. (5.18%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($2.11 billion), McCormick & Company, Incorporated ($1.33 billion), Zoom Video Communications, Inc. ($870.07 million), TAL Education Group ($769.71 million), Alteryx, Inc. ($684.01 million), Versum Materials Inc ($551.44 million), Pinterest, Inc. ($421.38 million), Stitch Fix, Inc. ($354.92 million), II-VI Incorporated ($351.47 million), and Zogenix, Inc. ($346.69 million). View all of the most shorted stocks.

Short selling TOWR is an investing strategy that aims to generate trading profit from Tower International 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 Tower International 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 TOWR, 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 TOWR, twice per month. The most recent reporting period available is September, 15 2019.