Sunrise Communications Group Short Interest Ratio and Short Volume

Short interest is the volume of Sunrise Communications Group shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 7,300 shares of SNMMF short. 0.00% of Sunrise Communications Group's shares are currently sold short. View details.

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. Sunrise Communications Group currently has a short interest ratio of 5.0.

Sunrise Communications Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 7,300 shares, an increase of 7,200.0% from the previous total of 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.

0.00% of Sunrise Communications Group's shares are currently sold short. Here is how the short interest of companies in the industry of "telecom services" compare to Sunrise Communications Group: Altice Europe (0.00%), América Móvil, S.A.B. de C.V. (0.00%), Axiata Group Berhad (0.00%), Bezeq The Israel Telecommunication Co. Limited (0.00%), Bezeq The Israel Telecommunication Co. Limited (0.00%), BT Group plc (0.00%), Cellnex Telecom, S.A. (0.00%), China Tower Co. Limited (0.00%), Cogeco Communications Inc. (0.00%), and Cogeco Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.96 billion), Aon Plc ($3.87 billion), Moderna, Inc. ($3.77 billion), Analog Devices, Inc. ($3.62 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.80 billion), The Kroger Co. ($2.11 billion), International Flavors & Fragrances Inc. ($1.98 billion), Expedia Group, Inc. ($1.95 billion), and Peloton Interactive, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling SNMMF is an investing strategy that aims to generate trading profit from Sunrise Communications Group as its price is falling. To short Sunrise Communications 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 Sunrise Communications 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 Sunrise Communications 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 SNMMF, 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 SNMMF, twice per month. The most recent reporting period available is November, 15 2020.