Uniroyal Global Engineered Products (UNIR) Short Interest Ratio & Short Volume

Short interest is the volume of Uniroyal Global Engineered Products shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 100 shares of UNIR short. Learn More on Uniroyal Global Engineered Products' 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. UNIR shares currently have a short interest ratio of 1.0. Learn More on Uniroyal Global Engineered Products's short interest ratio.

Here is how the short interest of companies compare to Uniroyal Global Engineered Products: Unifi, Inc. (2.17%), Culp, Inc. (0.37%), Crown Crafts, Inc. (0.20%), Gladstone Capital Co. (1.14%), Coro Global Inc. (0.01%), Legacy Education Alliance, Inc. (0.01%), and mCloud Technologies Corp. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.48 billion), Occidental Petroleum Co. ($3.23 billion), TC Energy Co. ($2.86 billion), Lucid Group, Inc. ($2.34 billion), T. Rowe Price Group, Inc. ($1.87 billion), HP Inc. ($1.83 billion), GameStop Corp. ($1.63 billion), Coinbase Global, Inc. ($1.53 billion), Rivian Automotive, Inc. ($1.45 billion), and Lumen Technologies, Inc. ($1.42 billion). View all of the most shorted stocks.

Short selling UNIR is an investing strategy that aims to generate trading profit from Uniroyal Global Engineered Products 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 Uniroyal Global Engineered Products 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 UNIR, 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 UNIR, twice per month. The most recent reporting period available is June, 30 2022.