Tricon Residential Short Interest Ratio and 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 April 15th, investors have sold 285,300 shares of TCNGF short.

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. Tricon Residential currently has a short interest ratio of 73.0.

Tricon Residential saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 285,300 shares, a drop of 5.9% from the previous total of 303,200 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 Tricon Residential's shares are currently sold short. Here is how the short interest of companies in the industry of "real estate services" compare to Tricon Residential: Aroundtown SA (0.00%), FutureLand, Corp. (0.00%), Nomura Real Estate Holdings, Inc. (0.00%), Savills plc (0.00%), Sumitomo Realty & Development Co., Ltd. (0.00%), Times Neighborhood Holdings Limited (0.00%), Vert Infrastructure Ltd. (0.00%), Vonovia SE (0.00%), Wharf Real Estate Investment Company Limited (0.00%), and Zoned Properties, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 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. Tricon Residential's stock is trading up $0.25 today. To short Tricon Residential 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 Tricon Residential 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 appreciates 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 April, 15 2021.