SunCar Technology Group (SDA) Short Interest Ratio & Short Volume

Short interest is the volume of SunCar Technology Group shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 164,100 shares of SDA short. 0.99% of SunCar Technology Group's shares are currently sold short. Learn More on SunCar Technology Group'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. SDA shares currently have a short interest ratio of 1.0. Learn More on SunCar Technology Group's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.99% of SunCar Technology Group's floating shares are currently sold short.

SunCar Technology Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 164,100 shares, an increase of 26.5% from the previous total of 129,700 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.

SunCar Technology Group currently has issued a total of 89,710,000 shares. Some of SunCar Technology Group's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. SunCar Technology Group currently has a public float of 16,530,000 shares.

0.99% of SunCar Technology Group's shares are currently sold short. Here is how the short interest of companies compare to SunCar Technology Group: AMTD Digital Inc. (0.65%), National Research Co. (1.73%), Heidrick & Struggles International, Inc. (1.10%), Viad Corp (1.34%), PropertyGuru Group Limited (0.17%), Conduent Incorporated (1.13%), Clear Channel Outdoor Holdings, Inc. (7.82%), Kelly Services, Inc. (2.56%), International Money Express, Inc. (3.54%), Bitfarms Ltd. (7.81%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling SDA is an investing strategy that aims to generate trading profit from SunCar Technology Group as its price is falling. SDA shares are trading up $0.41 today. 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 SunCar Technology 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 SDA, 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 SDA, twice per month. The most recent reporting period available is May, 15 2024.