Superconductor Technologies (SCON) Short Interest Ratio & Short Volume

Short interest is the volume of Superconductor Technologies shares that have been sold short but have not yet been closed out or covered. As of August 31st, investors have sold 26,600 shares of SCON short. Learn More on Superconductor Technologies' 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. SCON shares currently have a short interest ratio of 2.0. Learn More on Superconductor Technologies's short interest ratio.

Superconductor Technologies saw a increase in short interest in August. As of August 31st, there was short interest totaling 26,600 shares, an increase of 6.0% from the previous total of 25,100 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 sector of "computer and technology" compare to Superconductor Technologies: Moatable, Inc. (0.10%), Socket Mobile, Inc. (0.41%), GSE Systems, Inc. (2.03%), Agent Information Software, Inc. (0.03%), Ryvyl Inc. (2.33%), SemiLEDs Co. (0.82%), Destiny Media Technologies Inc. (0.03%), Uxin Limited (1.94%), VS MEDIA Holdings Limited (0.83%), AppYea, Inc. (0.00%),

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 Video 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 SCON is an investing strategy that aims to generate trading profit from Superconductor Technologies as its price is falling. SCON shares are trading up $0.15 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 Superconductor 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 SCON, 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 SCON, twice per month. The most recent reporting period available is August, 31 2021.