Sense Technologies (SNSGF) Short Interest Ratio & Short Volume

Short interest is the volume of Sense Technologies shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 100 shares of SNSGF short. Learn More on Sense 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. SNSGF shares currently have a short interest ratio of 1.0. Learn More on Sense Technologies's short interest ratio.

Here is how the short interest of companies in the industry of "automobiles and trucks" compare to Sense Technologies: Toyota Motor Co. (0.09%), Ferrari (1.86%), Mercedes-Benz Group AG (0.38%), Honda Motor Co., Ltd. (0.38%), and Stellantis (2.19%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($7.75 billion), S&P Global Inc. ($7.73 billion), Charter Communications, Inc. ($5.40 billion), Snowflake Inc. ($4.50 billion), Canadian Pacific Kansas City Limited ($4.39 billion), Uber Technologies, Inc. ($4.21 billion), Wayfair Inc. ($4.15 billion), Palo Alto Networks, Inc. ($3.27 billion), Teladoc Health, Inc. ($2.78 billion), and DoorDash, Inc. ($2.62 billion). View all of the most shorted stocks.

Short selling SNSGF is an investing strategy that aims to generate trading profit from Sense Technologies as its price is falling. 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 Sense 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 SNSGF, 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 SNSGF, twice per month. The most recent reporting period available is October, 15 2021.