S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
Log in

Wipro Short Interest Ratio and Short Volume

-0.13 (-2.08 %)
(As of 02/26/2021 12:00 AM ET)
Today's Range
Now: $6.13
50-Day Range
MA: $6.47
52-Week Range
Now: $6.13
Volume3.00 million shs
Average Volume2.30 million shs
Market Capitalization$34.90 billion
P/E Ratio26.65
Dividend Yield0.16%

Short Interest

Wipro (NYSE:WIT) Short Interest Data

Current Short Volume16,090,000 shares
Previous Short Volume15,030,000 shares
Change Vs. Previous Month:+7.05%
Dollar Volume Sold Short$105.87 million
Short Interest Ratio / Days to Cover9.0
Last Record DateJanuary, 29 2021
Outstanding Shares5,693,047,000 shares
Short Percent of Float0.28%
Today's Trading Volume3,001,144 shares
Average Trading Volume2,303,154 shares
Today's Volume Vs. Average30.31%

Short Interest Over Time

Wipro (NYSE:WIT) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
1/29/202116,090,000 shares $105.87 million +7.1%0.3%9 $6.58
1/15/202115,030,000 shares $97.85 million No Change0.3%8.8 $6.51
1/31/202014,070,000 shares $52.90 million -0.7%0.2%12.5 $3.76
1/15/202014,070,000 shares $52.76 million -0.7%0.2%12.5 $3.75
12/31/201914,170,000 shares $53.85 million +14.1%0.2%11.8 $3.80

Wipro (NYSE:WIT) Short Interest FAQ

speech bubbles
speech bubbles

What is Wipro's current short interest?

Short interest is the volume of Wipro shares that have been sold short but have not yet been covered or closed out. As of January 29th, investors have sold 16,090,000 shares of WIT short. 0.28% of Wipro's shares are currently sold short. View details.

What is a good short interest ratio for Wipro?

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. Wipro currently has a short interest ratio of 9.0.

What is a good short interest percentage for Wipro?

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. 0.28% of Wipro's floating shares are currently sold short.

Is Wipro's short interest increasing or decreasing?

Wipro saw a increase in short interest in January. As of January 29th, there was short interest totaling 16,090,000 shares, an increase of 7.1% from the previous total of 15,030,000 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.

How does Wipro's short interest compare to its competitors?

0.28% of Wipro's shares are currently sold short. Here is how the short interest of companies in the industry of "custom computer programming services" compare to Wipro: Infosys Limited (0.58%), Cognizant Technology Solutions Co. (1.54%), Zscaler, Inc. (5.62%), NTT DATA Co. (0.00%), VeriSign, Inc. (1.28%), EPAM Systems, Inc. (1.24%), OBIC Co.,Ltd. (0.00%), Aspen Technology, Inc. (1.90%), Amdocs Limited (1.85%), and Endava plc (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 ($5.34 billion), Charter Communications, Inc. ($5.03 billion), ViacomCBS Inc. ($4.99 billion), DuPont de Nemours, Inc. ($4.72 billion), Analog Devices, Inc. ($4.57 billion), Snap Inc. ($3.87 billion), Moderna, Inc. ($3.58 billion), Futu Holdings Limited ($2.75 billion), Snowflake Inc. ($2.43 billion), and Palantir Technologies Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Wipro stock?

Short selling WIT is an investing strategy that aims to generate trading profit from Wipro as its price is falling. Wipro's stock is trading down $0.13 today. To short Wipro 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 Wipro 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 Wipro?

A short squeeze for Wipro 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 WIT, which in turn drives the price of the stock up even further.

How often is Wipro'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 WIT, twice per month. The most recent reporting period available is January, 29 2021.

This page was last updated on 2/27/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.