McDermott International (MDRIQ) Short Interest Ratio & Short Volume

Short interest is the volume of McDermott International shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 6,389,100 shares of MDRIQ short. Learn More on McDermott International'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. MDRIQ shares currently have a short interest ratio of 2.0. Learn More on McDermott International's short interest ratio.

McDermott International saw a increase in short interest in June. As of June 30th, there was short interest totaling 6,389,100 shares, an increase of 14.6% from the previous total of 5,575,700 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 compare to McDermott International: Nano Magic Inc. (0.06%), BrewBilt Manufacturing Inc. (0.00%), NuScale Power Co. (21.05%), XPEL, Inc. (11.17%), Mayville Engineering Company, Inc. (1.41%), Paul Mueller (0.01%), Northern Technologies International Co. (1.96%), Chart Industries, Inc. (11.37%), SolarMax Technology, Inc. (2.22%), Western Energy Services Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Match Group, Inc. ($4.49 billion), Wayfair Inc. ($3.21 billion), Morgan Stanley ($2.93 billion), The Charles Schwab Co. ($2.55 billion), Aon plc ($2.52 billion), The Clorox Company ($2.41 billion), Snap Inc. ($2.25 billion), Carnival Co. & plc ($2.06 billion), Simon Property Group, Inc. ($1.88 billion), and DocuSign, Inc. ($1.85 billion). View all of the most shorted stocks.

Short selling MDRIQ is an investing strategy that aims to generate trading profit from McDermott International as its price is falling. MDRIQ shares are trading up $0.00 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 McDermott International 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 MDRIQ, 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 MDRIQ, twice per month. The most recent reporting period available is June, 30 2020.