Tricon Residential (TCNGF) Short Interest Ratio & Short Volume

Short interest is the volume of Tricon Residential shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 1,091,600 shares of TCNGF short. Learn More on Tricon Residential's 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. TCNGF shares currently have a short interest ratio of 84.0. Learn More on Tricon Residential's short interest ratio.

Tricon Residential saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,091,600 shares, an increase of 18.7% from the previous total of 919,800 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Kansas City Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Communications, Inc. ($2.87 billion), Match Group Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 billion). View all of the most shorted stocks.

Short selling TCNGF is an investing strategy that aims to generate trading profit from Tricon Residential 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 Tricon Residential 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 TCNGF, 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 TCNGF, twice per month. The most recent reporting period available is September, 30 2021.