Ingen Technologies (IGNT) Short Interest Ratio & Short Volume

Short interest is the volume of Ingen Technologies shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 19,400 shares of IGNT short. Learn More on Ingen Technologies' current short interest.

Ingen Technologies saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 19,400 shares, a drop of 24.2% from the previous total of 25,600 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 "misc." compare to Ingen Technologies: Amcor PLC (3.19%), Lenovo Group Ltd. (0.00%), Tri Continental Corporation (1.57%), General American Investors, Inc. (0.08%), BlackRock MuniYield Quality Fund III, Inc. (0.11%), and INV VK MUN OPP (0.16%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 billion). View all of the most shorted stocks.

Short selling IGNT is an investing strategy that aims to generate trading profit from Ingen Technologies 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 Ingen Technologies 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 IGNT, 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 IGNT, twice per month. The most recent reporting period available is August, 31 2021.