ArcelorMittal South Africa (AMSIY) Short Interest Ratio & Short Volume

Short interest is the volume of ArcelorMittal South Africa shares that have been sold short but have not yet been covered or closed out. As of February 15th, traders have sold 2,300 shares of AMSIY short. Learn More on ArcelorMittal South Africa'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. AMSIY shares currently have a short interest ratio of 1.0. Learn More on ArcelorMittal South Africa's short interest ratio.

Here is how the short interest of companies in the sector of "basic materials" compare to ArcelorMittal South Africa: POSCO Holdings Inc. (0.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.09 billion), Occidental Petroleum Co. ($3.00 billion), T. Rowe Price Group, Inc. ($2.35 billion), Coinbase Global, Inc. ($2.30 billion), Paramount Global ($2.04 billion), Etsy, Inc. ($1.90 billion), Voya Financial, Inc. ($1.77 billion), CarMax, Inc. ($1.67 billion), Royal Caribbean Cruises Ltd. ($1.58 billion), and Monolithic Power Systems, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling AMSIY is an investing strategy that aims to generate trading profit from ArcelorMittal South Africa as its price is falling. AMSIY shares are trading down $0.04 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 ArcelorMittal South Africa 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 AMSIY, 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 AMSIY, twice per month. The most recent reporting period available is February, 15 2023.