Smiths Group (SMGZY) Short Interest Ratio & Short Volume

Short interest is the volume of Smiths Group shares that have been sold short but have not yet been closed out or covered. As of August 31st, investors have sold 1,900 shares of SMGZY short. Learn More on Smiths Group's current short interest.

Smiths Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,900 shares, a drop of 73.2% from the previous total of 7,100 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 "business services" compare to Smiths Group: Core & Main, Inc. (10.54%), Adecco Group AG (0.00%), R1 RCM Inc. (7.89%), Full Truck Alliance Co. Ltd. (3.20%), TriNet Group, Inc. (8.51%), Robert Half Inc. (6.13%), Genpact Limited (1.79%), Elastic (2.58%), SPS Commerce, Inc. (2.73%), APi Group Co. (1.61%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling SMGZY is an investing strategy that aims to generate trading profit from Smiths Group as its price is falling. SMGZY shares are trading up $0.12 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 Smiths Group 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 SMGZY, 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 SMGZY, twice per month. The most recent reporting period available is August, 31 2023.