Metcash (MHTLY) Short Interest Ratio & Short Volume

Short interest is the volume of Metcash shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 400 shares of MHTLY short. Learn More on Metcash'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. MHTLY shares currently have a short interest ratio of 4.0. Learn More on Metcash's short interest ratio.

As of the most recent reporting period, the following stocks had the largest short interest positions: AbbVie Inc. ($7.01 billion), Charter Communications, Inc. ($4.31 billion), Match Group, Inc. ($2.95 billion), The Charles Schwab Co. ($2.81 billion), Microchip Technology Incorporated ($2.59 billion), Wayfair Inc. ($2.19 billion), Snap Inc. ($1.99 billion), The Clorox Company ($1.97 billion), International Flavors & Fragrances Inc. ($1.92 billion), and The Kroger Co. ($1.69 billion). View all of the most shorted stocks.

Short selling MHTLY is an investing strategy that aims to generate trading profit from Metcash as its price is falling. MHTLY shares are trading up $0.44 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 Metcash 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 MHTLY, 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 MHTLY, twice per month. The most recent reporting period available is April, 30 2020.