India Globalization Capital - IGC Short Interest Ratio & Short Volume

Short interest is the volume of India Globalization Capital shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 771,200 shares of IGC short. 1.78% of India Globalization Capital's shares are currently sold short. Learn More on India Globalization Capital'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. IGC shares currently have a short interest ratio of 5.0. Learn More on India Globalization Capital's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of India Globalization Capital: Simplex Trading LLC, Concourse Financial Group Securities Inc., Citadel Advisors LLC, and Group One Trading L.P.. 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. 1.78% of India Globalization Capital's floating shares are currently sold short.

India Globalization Capital saw a decline in short interest in January. As of January 15th, there was short interest totaling 771,200 shares, a decline of 18.4% from the previous total of 945,100 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.

India Globalization Capital currently has issued a total of 53,070,000 shares. Some of India Globalization Capital'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. India Globalization Capital currently has a public float of 43,350,000 shares.

1.78% of India Globalization Capital's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to India Globalization Capital: Angion Biomedica Corp. (0.55%), Pasithea Therapeutics Corp. (1.07%), Sientra, Inc. (11.49%), Corbus Pharmaceuticals Holdings, Inc. (2.51%), Zhongchao Inc. (0.58%), RegeneRx Biopharmaceuticals, Inc. (0.06%), IMV Inc. (0.42%), Eargo, Inc. (6.74%), The Green Organic Dutchman Holdings Ltd. (0.23%), and Forte Biosciences, Inc. (0.34%).

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 IGC is an investing strategy that aims to generate trading profit from India Globalization Capital as its price is falling. IGC shares are trading up $0.01 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 India Globalization Capital 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 IGC, 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 IGC, twice per month. The most recent reporting period available is January, 15 2023.