NYSE:WMS

Advanced Drainage Systems Short Interest Ratio and Short Volume

$113.24
+1.71 (+1.53 %)
(As of 04/15/2021 12:00 AM ET)
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Today's Range
$110.45
Now: $113.24
$113.49
50-Day Range
$95.78
MA: $105.81
$112.76
52-Week Range
$32.12
Now: $113.24
$113.85
Volume187,028 shs
Average Volume505,223 shs
Market Capitalization$8.03 billion
P/E Ratio92.82
Dividend Yield0.32%
Beta1.43

Short Interest

Advanced Drainage Systems (NYSE:WMS) Short Interest Data

Current Short Volume914,400 shares
Previous Short Volume841,200 shares
Change Vs. Previous Month:+8.70%
Dollar Volume Sold Short$103.11 million
Short Interest Ratio / Days to Cover1.8
Last Record DateMarch, 31 2021
Outstanding Shares57,780,000 shares
Float Size54,260,000 shares
Short Percent of Float1.69%
Today's Trading Volume187,028 shares
Average Trading Volume505,223 shares
Today's Volume Vs. Average-62.98%

Short Interest Over Time


Advanced Drainage Systems (NYSE:WMS) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021914,400 shares $103.11 million +8.7%1.7%1.8 $112.76
3/15/2021841,200 shares $82.90 million -32.7%1.6%1.7 $98.55
2/26/20211,250,000 shares $134.69 million +16.8%2.4%2.6 $107.75
2/12/20211,070,000 shares $117.72 million -0.9%1.9%2.3 $110.02
1/29/20211,080,000 shares $104.80 million -15.0%2.1%2.3 $97.04
1/15/20211,270,000 shares $108.52 million -5.9%2.4%2.8 $85.45
12/31/20201,460,000 shares $135.77 million -3.3%2.8%3.3 $92.99
12/15/20201,460,000 shares $120.11 million -3.3%2.8%3.3 $82.27
11/30/20201,510,000 shares $120.21 million -2.0%3.0%3.4 $79.61
10/30/20201,390,000 shares $88.77 million -9.7%2.8%3.2 $63.86
10/15/20201,540,000 shares $99.53 million -11.0%3.1%3.5 $64.63
9/30/20201,730,000 shares $123.00 million +19.3%3.5%4.1 $71.10
9/15/20201,450,000 shares $83.96 million +6.6%2.9%3.5 $57.90
8/31/20201,360,000 shares $77.19 million -13.4%2.7%3.3 $56.76
8/14/20201,570,000 shares $90.56 million No Change3.2%3.5 $57.68
7/31/20201,570,000 shares $90.24 million -9.3%3.2%3.5 $57.48
7/15/20201,730,000 shares $84.77 million -3.4%3.2%4 $49.00
6/30/20201,790,000 shares $87.07 million +27.9%3.4%3.8 $48.64
6/15/20201,400,000 shares $69.19 million +4.5%2.6%2.8 $49.42
5/29/20201,340,000 shares $64.47 million -5.6%2.5%2.5 $48.11
5/15/20201,420,000 shares $62.96 million -5.3%2.7%2.6 $44.34
4/30/20201,500,000 shares $67.55 million +4.9%2.9%2.8 $45.03
4/15/20201,430,000 shares $57.63 million +2.1%2.7%2.8 $40.30
3/31/20201,400,000 shares $50.53 million -22.2%2.7%3 $36.09
3/13/20201,798,400 shares $64.65 million +51.1%3.4%4.7 $35.95

Advanced Drainage Systems (NYSE:WMS) Short Interest FAQ

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What is Advanced Drainage Systems' current short interest?

Short interest is the volume of Advanced Drainage Systems shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 914,400 shares of WMS short. 1.69% of Advanced Drainage Systems' shares are currently sold short. View details.

What is a good short interest ratio for Advanced Drainage Systems?

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. Advanced Drainage Systems currently has a short interest ratio of 2.0.

What is a good short interest percentage for Advanced Drainage Systems?

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. 1.69% of Advanced Drainage Systems' floating shares are currently sold short.

Is Advanced Drainage Systems' short interest increasing or decreasing?

Advanced Drainage Systems saw a increase in short interest in March. As of March 31st, there was short interest totaling 914,400 shares, an increase of 8.7% from the previous total of 841,200 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.

What is Advanced Drainage Systems' float size?

Advanced Drainage Systems currently has issued a total of 70,877,000 shares. Some of Advanced Drainage Systems' 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. Advanced Drainage Systems currently has a public float of 54,260,000 shares.

How does Advanced Drainage Systems' short interest compare to its competitors?

1.69% of Advanced Drainage Systems' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "casinos & gaming" compare to Advanced Drainage Systems: Las Vegas Sands Corp. (4.00%), MGM Resorts International (3.52%), Caesars Entertainment, Inc. (4.73%), Penn National Gaming, Inc. (0.00%), Wynn Resorts, Limited (4.90%), Churchill Downs Incorporated (3.16%), Boyd Gaming Co. (3.63%), Scientific Games Co. (7.93%), International Game Technology PLC (2.47%), and Monarch Casino & Resort, Inc. (2.38%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Advanced Drainage Systems stock?

Short selling WMS is an investing strategy that aims to generate trading profit from Advanced Drainage Systems as its price is falling. Advanced Drainage Systems' stock is trading up $1.71 today. To short Advanced Drainage Systems 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 Advanced Drainage Systems 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 Advanced Drainage Systems?

A short squeeze for Advanced Drainage Systems 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 WMS, which in turn drives the price of the stock up even further.

How often is Advanced Drainage Systems' 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 WMS, twice per month. The most recent reporting period available is March, 31 2021.



This page was last updated on 4/15/2021 by MarketBeat.com Staff
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