Sagen MI Canada (GMICF) Short Interest Ratio & Short Volume

Short interest is the volume of Sagen MI Canada shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 10,600 shares of GMICF short. Learn More on Sagen MI Canada'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. GMICF shares currently have a short interest ratio of 2.0. Learn More on Sagen MI Canada's short interest ratio.

Sagen MI Canada saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 10,600 shares, a decline of 12.4% from the previous total of 12,100 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.

Here is how the short interest of companies in the sector of "finance" compare to Sagen MI Canada: American Realty Investors, Inc. (1.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.58 billion), Charter Communications, Inc. ($5.48 billion), Aon plc ($5.31 billion), Airbnb, Inc. ($3.01 billion), Snap Inc. ($2.99 billion), Warner Bros. Discovery, Inc. ($2.56 billion), The Kroger Co. ($2.29 billion), Expedia Group, Inc. ($2.23 billion), Peloton Interactive, Inc. ($2.19 billion), and GameStop Corp. ($2.03 billion). View all of the most shorted stocks.

Short selling GMICF is an investing strategy that aims to generate trading profit from Sagen MI Canada as its price is falling. 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 Sagen MI Canada 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 GMICF, 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 GMICF, twice per month. The most recent reporting period available is March, 31 2021.