Westpac Banking Short Interest Ratio and Short Volume

+0.03 (+0.16 %)
(As of 04/9/2021 12:00 AM ET)
Today's Range
Now: $19.25
50-Day Range
MA: $18.89
52-Week Range
Now: $19.25
Volume81,454 shs
Average Volume117,480 shs
Market Capitalization$66.37 billion
P/E Ratio14.47
Dividend Yield2.34%

Short Interest

Westpac Banking (NYSE:WBK) Short Interest Data

Current Short Volume443,200 shares
Previous Short Volume471,300 shares
Change Vs. Previous Month:-5.96%
Dollar Volume Sold Short$8.28 million
Short Interest Ratio / Days to Cover3.5
Last Record DateMarch, 15 2021
Outstanding Shares3,447,570,000 shares
Percentage of Shares Shorted0.01%
Today's Trading Volume81,454 shares
Average Trading Volume117,480 shares
Today's Volume Vs. Average-30.67%

Short Interest Over Time

Westpac Banking (NYSE:WBK) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/15/2021443,200 shares $8.28 million -6.0%N/A3.5 $18.68
2/26/2021471,300 shares $9.04 million -12.1%N/A0 $19.19
2/12/2021536,200 shares $9.91 million -6.6%N/A4.5 $18.48
1/29/2021574,100 shares $9.79 million -3.0%N/A4.4 $17.06
1/15/2021591,600 shares $9.76 million +9.3%N/A4.3 $16.50
12/31/2020558,100 shares $8.73 million -4.7%N/A3.5 $15.65
12/15/2020558,100 shares $8.40 million -4.7%N/A3.5 $15.06
11/30/2020585,400 shares $8.83 million -31.1%N/A3.3 $15.09
10/30/2020786,100 shares $10.60 million -6.7%N/A3.8 $13.49
10/15/2020842,100 shares $11.07 million -0.3%N/A4.1 $13.15
9/30/2020844,200 shares $11.30 million +15.3%N/A4 $13.38
9/15/2020732,500 shares $9.00 million +38.5%N/A3.3 $12.29
8/31/2020528,900 shares $6.43 million -2.7%N/A2.1 $12.16
8/14/2020543,500 shares $6.83 million -11.9%N/A1.7 $12.56
7/31/2020617,100 shares $7.81 million -11.3%N/A1.5 $12.65
7/15/2020695,900 shares $8.46 million -3.9%N/A1.3 $12.15
6/30/2020724,400 shares $9.08 million -21.2%N/A1.1 $12.53
6/15/2020919,800 shares $11.57 million -24.6%N/A1.2 $12.58
5/29/20201,220,000 shares $14.82 million -15.9%N/A1.4 $12.15
5/15/20201,450,000 shares $16.47 million +7.4%N/A1.6 $11.36
4/30/20201,350,000 shares $16.05 million +48.1%N/A1.6 $11.89
4/15/2020911,700 shares $9.20 million +39.8%N/A1.2 $10.09
3/31/2020652,200 shares $6.43 million -50.6%N/A1 $9.86
3/13/20201,320,600 shares $13.62 million -10.8%N/A2.6 $10.31
2/28/20201,480,000 shares $11.99 million +16.5%N/A2.9 $8.10

Westpac Banking (NYSE:WBK) Short Interest FAQ

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What is Westpac Banking's current short interest?

Short interest is the volume of Westpac Banking shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 443,200 shares of WBK short.

What is a good short interest ratio for Westpac Banking?

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. Westpac Banking currently has a short interest ratio of 4.0.

Is Westpac Banking's short interest increasing or decreasing?

Westpac Banking saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 443,200 shares, a decline of 6.0% from the previous total of 471,300 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.

How does Westpac Banking's short interest compare to its competitors?

0.00% of Westpac Banking's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Westpac Banking: HDFC Bank Limited (0.33%), Royal Bank of Canada (0.39%), The Toronto-Dominion Bank (0.41%), Commonwealth Bank of Australia (0.00%), BNP Paribas SA (0.00%), Mitsubishi UFJ Financial Group, Inc. (0.04%), Australia and New Zealand Banking Group Limited (0.00%), Banco Santander, S.A. (0.00%), Bank of Montreal (0.51%), and ICICI Bank Limited (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

What does it mean to sell short Westpac Banking stock?

Short selling WBK is an investing strategy that aims to generate trading profit from Westpac Banking as its price is falling. Westpac Banking's stock is trading up $0.03 today. To short Westpac Banking 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 Westpac Banking 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.

How does a short squeeze work against Westpac Banking?

A short squeeze for Westpac Banking 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 WBK, which in turn drives the price of the stock up even further.

How often is Westpac Banking's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including WBK, twice per month. The most recent reporting period available is March, 15 2021.

This page was last updated on 4/11/2021 by MarketBeat.com Staff
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