Metro Bank Short Interest Ratio and Short Volume

Short interest is the volume of Metro Bank shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 385,300 shares of MBNKF short. 0.00% of Metro Bank's shares are currently sold short. View details.

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. Metro Bank currently has a short interest ratio of 2.0.

Metro Bank saw a increase in short interest in September. As of September 30th, there was short interest totaling 385,300 shares, an increase of 9,532.5% from the previous total of 4,000 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.

0.00% of Metro Bank's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Metro Bank: Royal Bank of Canada (0.35%), COMWLTH BK AUS/S (0.00%), The Toronto-Dominion Bank (0.33%), Mitsubishi UFJ Financial Group Inc (0.04%), BNP PARIBAS/S (0.00%), Westpac Banking Co. (0.00%), Australia and New Zealand Banking Group Limited (0.00%), Bank of Montreal (0.85%), ICICI Bank Limited (0.00%), and Canadian Imperial Bank of Commerce (1.83%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group Inc ($1.88 billion). View all of the most shorted stocks.

Short selling MBNKF is an investing strategy that aims to generate trading profit from Metro Bank as its price is falling. Metro Bank's stock is trading down $0.01 today. To short Metro Bank 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 Metro Bank 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 Metro Bank 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 MBNKF, 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 MBNKF, twice per month. The most recent reporting period available is September, 30 2020.