United Technologies (UTX) Short Interest Ratio & Short Volume

Short interest is the volume of United Technologies shares that have been sold short but have not yet been closed out or covered. As of March 13th, traders have sold 10,210,200 shares of UTX short. Learn More on United Technologies' 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. UTX shares currently have a short interest ratio of 2.0. Learn More on United Technologies's short interest ratio.

United Technologies saw a drop in short interest in March. As of March 13th, there was short interest totaling 10,210,200 shares, a drop of 17.6% from the previous total of 12,390,000 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($9.26 billion), AbbVie Inc. ($6.51 billion), Charter Communications, Inc. ($4.96 billion), McKesson Co. ($4.86 billion), Microchip Technology Incorporated ($2.85 billion), The Charles Schwab Co. ($2.75 billion), Match Group, Inc. ($2.50 billion), International Flavors & Fragrances Inc. ($1.95 billion), Tiffany & Co. ($1.93 billion), and Wayfair Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling UTX is an investing strategy that aims to generate trading profit from United Technologies as its price is falling. UTX shares are trading down $0.49 today. 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 United Technologies 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 UTX, 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 UTX, twice per month. The most recent reporting period available is March, 13 2020.