Smiths Group Short Interest Ratio and Short Volume

Short interest is the volume of Smiths Group shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 500 shares of SMGZY short.

Smiths Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 500 shares, a decline of 85.3% from the previous total of 3,400 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 Smiths Group's shares are currently sold short. Here is how the short interest of companies in the industry of "miscellaneous manufacturing industries" compare to Smiths Group: Amcor plc (2.76%), Soitec S.A. (0.00%), Hillenbrand, Inc. (0.00%), Array Technologies, Inc. (7.52%), Brady Co. (1.37%), Daktronics, Inc. (3.50%), PlayAGS Inc (2.81%), Oil-Dri Co. of America (0.76%), VirTra, Inc. (1.06%), and Sigma Labs, Inc. (9.64%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 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. Smiths Group's stock is trading up $0.21 today. To short Smiths Group 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 Smiths Group 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 increases 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 March, 31 2021.