Fortescue Metals Group - FSUGY Short Interest Ratio & Short Volume

Short interest is the volume of Fortescue Metals Group shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 2,700 shares of FSUGY short. Learn More on Fortescue Metals Group's current short interest.

Fortescue Metals Group saw a increase in short interest in February. As of February 28th, there was short interest totaling 2,700 shares, an increase of 8.0% from the previous total of 2,500 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.

Here is how the short interest of companies in the industry of "metal mining" compare to Fortescue Metals Group: Compañía de Minas Buenaventura S.A.A. (3.45%), and Nexa Resources S.A. (0.22%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling FSUGY is an investing strategy that aims to generate trading profit from Fortescue Metals Group as its price is falling. FSUGY shares are trading down $0.80 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 Fortescue Metals Group 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 FSUGY, 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 FSUGY, twice per month. The most recent reporting period available is February, 28 2023.