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 September 15th, traders have sold 11,000 shares of SMGZY short. Learn More on Smiths Group's current short interest.

Smiths Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 11,000 shares, an increase of 74.6% from the previous total of 6,300 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: NOV Inc. (3.83%), Affirm Holdings, Inc. (19.10%), Clean Harbors, Inc. (1.63%), Concentrix Co. (1.63%), Futu Holdings Limited (9.75%), WEX Inc. (2.45%), FTI Consulting, Inc. (4.66%), Core & Main, Inc. (7.96%), DLocal Limited (8.15%), and Dun & Bradstreet Holdings, Inc. (5.29%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.11 billion), Canadian Natural Resources Limited ($3.64 billion), Charter Communications, Inc. ($3.15 billion), Lucid Group, Inc. ($2.09 billion), Chesapeake Energy Co. ($2.02 billion), Coinbase Global, Inc. ($2.01 billion), T. Rowe Price Group, Inc. ($1.92 billion), Plug Power Inc. ($1.77 billion), Rivian Automotive, Inc. ($1.71 billion), and Williams-Sonoma, Inc. ($1.59 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 $0.77 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 September, 15 2022.