Friedman Industries (FRD) Short Interest Ratio & Short Volume

Short interest is the volume of Friedman Industries shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 11,900 shares of FRD short. 0.18% of Friedman Industries' shares are currently sold short. Learn More on Friedman Industries' 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. FRD shares currently have a short interest ratio of 1.0. Learn More on Friedman Industries's short interest ratio.

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. 0.18% of Friedman Industries' floating shares are currently sold short.

Friedman Industries currently has issued a total of 6,980,000 shares. Some of Friedman Industries' 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. Friedman Industries currently has a public float of 6,680,000 shares.

0.18% of Friedman Industries' shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Friedman Industries: Hurco Companies, Inc. (0.16%), TPI Composites, Inc. (14.32%), Webco Industries, Inc. (0.01%), Lakeland Industries, Inc. (0.53%), Crawford United Co. (0.00%), Trinseo PLC (3.47%), China High Speed Transmission Equipment Group Co., Ltd. (0.00%), Markforged Holding Co. (2.79%), Unifi, Inc. (2.05%), Ascent Industries Co. (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling FRD is an investing strategy that aims to generate trading profit from Friedman Industries as its price is falling. FRD shares are trading up $0.24 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 Friedman Industries 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 FRD, 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 FRD, twice per month. The most recent reporting period available is March, 31 2024.