United States Steel - X Short Interest Ratio & Short Volume

Short interest is the volume of United States Steel shares that have been sold short but have not yet been covered or closed out. As of January 15th, investors have sold 19,100,000 shares of X short. 8.25% of United States Steel's shares are currently sold short. Learn More on United States Steel's 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. X shares currently have a short interest ratio of 2.0. Learn More on United States Steel's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of United States Steel: SG Americas Securities LLC, Simplex Trading LLC, Bank of Montreal Can, Concourse Financial Group Securities Inc., Parallax Volatility Advisers L.P., Balyasny Asset Management LLC, CMT Capital Markets Trading GmbH, Capital Markets Trading UK LLP, Jane Street Group LLC, Maven Securities LTD, BNP Paribas Arbitrage SNC, Nomura Holdings Inc., Parallax Volatility Advisers L.P., Capital Fund Management S.A., Citadel Advisors LLC, Worth Venture Partners LLC, Royal Bank of Canada, Cubist Systematic Strategies LLC, Wolverine Trading LLC, Boothbay Fund Management LLC, Centiva Capital LP, Maven Securities LTD, DLD Asset Management LP, Credit Agricole S A, Twin Tree Management LP, Bank of Montreal Can, UBS Group AG, Group One Trading L.P., and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 8.25% of United States Steel's floating shares are currently sold short.

United States Steel saw a increase in short interest in January. As of January 15th, there was short interest totaling 19,100,000 shares, an increase of 9.5% from the previous total of 17,440,000 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.

United States Steel currently has issued a total of 234,270,000 shares. Some of United States Steel'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. United States Steel currently has a public float of 231,410,000 shares.

8.25% of United States Steel's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to United States Steel: Commercial Metals (2.55%), Carpenter Technology Co. (2.67%), Steel Dynamics, Inc. (3.25%), Ternium S.A. (0.23%), POSCO Holdings Inc. (0.26%), Axalta Coating Systems Ltd. (3.03%), West Fraser Timber Co. Ltd. (1.57%), Valvoline Inc. (2.45%), Huntsman Co. (2.97%), and Sibanye Stillwater Limited (1.99%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling X is an investing strategy that aims to generate trading profit from United States Steel as its price is falling. X shares are trading down $0.43 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 States Steel 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 X, 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 X, twice per month. The most recent reporting period available is January, 15 2023.