Norsk Hydro ASA Short Interest Ratio and Short Volume

Short interest is the volume of Norsk Hydro ASA shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 22,200 shares of NHYDY short. Learn More on Norsk Hydro ASA's current short interest.

Norsk Hydro ASA saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,200 shares, a drop of 39.0% from the previous total of 36,400 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 Norsk Hydro ASA's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Norsk Hydro ASA: Johnson Controls International plc (1.24%), Roper Technologies, Inc. (1.46%), Fanuc Co. (0.00%), KONE Oyj (0.00%), Mitsui & Co., Ltd. (0.00%), Cintas Co. (1.42%), Parker-Hannifin Co. (0.93%), Rockwell Automation, Inc. (2.24%), ASSA ABLOY AB (publ) (0.00%), and Techtronic Industries Company Limited (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($7.55 billion), Square, Inc. ($7.47 billion), S&P Global Inc. ($7.40 billion), Analog Devices, Inc. ($6.82 billion), Aon plc ($5.98 billion), Charter Communications, Inc. ($5.10 billion), Wayfair Inc. ($4.38 billion), AMC Entertainment Holdings, Inc. ($2.87 billion), Teladoc Health, Inc. ($2.55 billion), and Nuance Communications, Inc. ($2.41 billion). View all of the most shorted stocks.

Short selling NHYDY is an investing strategy that aims to generate trading profit from Norsk Hydro ASA as its price is falling. Norsk Hydro ASA's stock is trading up $0.04 today. To short Norsk Hydro ASA 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 Norsk Hydro ASA 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 Norsk Hydro ASA 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 NHYDY, 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 NHYDY, twice per month. The most recent reporting period available is July, 15 2021.