Iridium Communications (IRDM) Short Interest Ratio & Short Volume $28.31 -1.34 (-4.52%) (As of 11/15/2024 ET) Add Compare Share Share Short Interest Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Iridium Communications Short Interest DataIridium Communications (IRDM) has a short interest of 7.05 million shares, representing 7.00% of the float (the number of shares available for trading by the public). This marks a 6.33% increase in short interest from the previous month. The short interest ratio (days to cover) is 6.5, indicating that it would take 6.5 days of the average trading volume of 1.14 million shares to cover all short positions.Current Short Interest7,050,000 sharesPrevious Short Interest6,630,000 sharesChange Vs. Previous Month+6.33%Dollar Volume Sold Short$206.78 millionShort Interest Ratio6.5 Days to CoverLast Record DateOctober 31, 2024Outstanding Shares113,850,000 sharesFloat Size100,720,000 sharesShort Percent of Float7.00%Today's Trading Volume1,018,582 sharesAverage Trading Volume1,138,468 sharesToday's Volume Vs. Average89% Short Selling Iridium Communications? Sign up to receive the latest short interest report for Iridium Communications and its competitors with MarketBeat's FREE newsletter. Email Address Skip Charts & View Short Interest HistoryShort Interest ChartDays to Cover ChartShort Percent of Float ChartIRDM Short Interest Over TimeIRDM Days to Cover Over TimeIRDM Percentage of Float Shorted Over Time Ad Darwin2024 Election Year Stocks: Uncover Hidden Gems!In the lead-up to the pivotal 2024 election year, we're excited to present our comprehensive report, "Election Year Investment Gems: Stock Poised To Takeoff In 2024," brimming with insights and opportunities you won't want to miss.Secure your copy now by clicking this link. Iridium Communications Short Interest History Export to ExcelReport DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date 10/31/20247,050,000 shares $206.78 million +6.3%7.0%6.5 $29.33 10/15/20246,630,000 shares $199.36 million +6.8%6.6%6 $30.07 9/30/20246,210,000 shares $189.09 million -3.6%5.9%6 $30.45 9/15/20246,440,000 shares $173.69 million +26.3%6.2%6.1 $26.97 8/31/20245,100,000 shares $131.58 million +12.3%4.9%5 $25.80 8/15/20244,540,000 shares $125.58 million -1.7%4.3%4.6 $27.66 Get the Latest News and Ratings for IRDM and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Iridium Communications and its competitors with MarketBeat's FREE daily newsletter. 7/31/20244,620,000 shares $132.59 million +1.1%4.4%4.8 $28.70 7/15/20244,570,000 shares $117.86 million +0.7%4.2%4.4 $25.79 6/30/20244,540,000 shares $120.85 million -7.9%4.2%4.2 $26.62 6/15/20244,930,000 shares $130.40 million -6.3%4.6%4.5 $26.45 5/31/20245,260,000 shares $158.38 million -2.1%4.9%4.7 $30.11 5/15/20245,370,000 shares $163.46 million +8.9%5.0%4.6 $30.44 4/30/20244,930,000 shares $151.79 million +26.4%4.6%3.7 $30.79 4/15/20243,900,000 shares $96.14 million +8.6%3.6%3.1 $24.65 3/31/20243,590,000 shares $93.91 million +5.6%3.3%3.2 $26.16 3/15/20243,400,000 shares $91.80 million +27.3%3.1%3.3 $27.00 2/29/20242,670,000 shares $77.30 million +0.8%2.4%2.8 $28.95 2/15/20242,650,000 shares $80.75 million -1.5%2.4%3.1 $30.47 1/31/20242,690,000 shares $97.54 million +0.8%2.4%3.7 $36.26 1/15/20242,670,000 shares $102.37 million +17.6%2.4%3.8 $38.34 12/31/20232,270,000 shares $93.43 million -11.0%2.1%3.1 $41.16 12/15/20232,550,000 shares $102.03 million -1.2%2.3%3.4 $40.01 11/30/20232,580,000 shares $98.30 million No Change2.3%3.3 $38.10 11/15/20232,580,000 shares $96.65 million -0.8%2.3%3.6 $37.46 10/31/20232,600,000 shares $96.33 million +11.6%2.4%3.7 $37.05 10/15/20232,330,000 shares $98.98 million +4.0%2.1%2.7 $42.48 9/30/20232,240,000 shares $101.90 million -11.5%2.0%2.8 $45.49 9/15/20232,530,000 shares $120.30 million No Change2.3%3.2 $47.55 8/31/20232,530,000 shares $123.84 million -7.0%2.3%2.5 $48.95 8/15/20232,720,000 shares $136.76 million -5.9%2.4%2.7 $50.28 7/31/20232,890,000 shares $151.87 million +18.0%2.6%2.9 $52.55 7/15/20232,450,000 shares $147.78 million -2.0%2.2%2.6 $60.32 6/30/20232,500,000 shares $155.30 million -44.0%2.2%2.8 $62.12 6/15/20234,460,000 shares $272.24 million +8.8%4.0%5.1 $61.04 5/31/20234,100,000 shares $246.16 million +0.7%3.6%6 $60.04 5/15/20234,070,000 shares $251.28 million No Change3.6%5.9 $61.74 10/31/20225,960,000 shares $307.12 million -4.3%5.3%10 $51.53 10/15/20226,230,000 shares $290.57 million +4.0%5.6%10.7 $46.64 9/30/20225,990,000 shares $265.78 million -7.9%5.3%11 $44.37 9/15/20226,500,000 shares $289.90 million +6.6%5.7%12.1 $44.602024 Election Year Stocks: Uncover Hidden Gems! (Ad)In the lead-up to the pivotal 2024 election year, we're excited to present our comprehensive report, "Election Year Investment Gems: Stock Poised To Takeoff In 2024," brimming with insights and opportunities you won't want to miss.Secure your copy now by clicking this link. 8/31/20226,100,000 shares $270.78 million -6.9%5.4%11.4 $44.39 8/15/20226,550,000 shares $305.69 million -1.4%5.8%14 $46.67 7/31/20226,640,000 shares $296.87 million +7.3%5.9%13.6 $44.71 7/15/20226,190,000 shares $243.14 million -1.8%5.4%12.6 $39.28 6/30/20226,300,000 shares $236.63 million -5.4%5.5%12.2 $37.56 6/15/20226,660,000 shares $241.76 million -0.3%5.8%12.6 $36.30 5/31/20226,680,000 shares $247.89 million +2.8%5.8%12.6 $37.11 5/15/20226,500,000 shares $224.84 million +0.3%5.7%10 $34.59 4/30/20226,480,000 shares $231.40 million +5.0%5.7%7.5 $35.71 4/15/20226,170,000 shares $249.95 million -3.9%5.4%5.8 $40.51 3/31/20226,420,000 shares $258.85 million +0.2%N/A0 $40.32 3/15/20226,410,000 shares $243.13 million +2.6%5.6%5.7 $37.93 2/28/20226,250,000 shares $247.44 million +8.7%5.5%5.4 $39.59 2/15/20225,750,000 shares $205.56 million -10.9%5.0%5 $35.75 1/31/20226,450,000 shares $231.43 million +4.7%5.5%6.4 $35.88 1/15/20226,160,000 shares $230.63 million -3.8%N/A8.6 $37.44 12/31/20216,400,000 shares $264.26 million +0.5%5.4%9.3 $41.29 12/15/20216,370,000 shares $263.27 million -11.3%5.4%9.2 $41.33 11/30/20217,180,000 shares $276.07 million +5.9%6.1%10.4 $38.45 11/15/20216,780,000 shares $284.90 million -1.2%5.8%9.1 $42.02 10/29/20216,860,000 shares $278.17 million -4.3%5.9%9.4 $40.55 10/15/20217,170,000 shares $281.28 million +9.8%6.2%9.7 $39.23 9/30/20216,530,000 shares $260.22 million -2.8%5.6%8.9 $39.85 9/15/20216,720,000 shares $300.65 million +0.2%5.8%9.2 $44.74 8/31/20216,710,000 shares $298.66 million +1.1%5.8%9.6 $44.51 8/13/20216,640,000 shares $269.98 million +2.8%5.8%9.9 $40.66 7/30/20216,460,000 shares $272.81 million +1.6%5.6%8.5 $42.23 7/15/20216,360,000 shares $235.57 million +0.5%5.5%7.8 $37.04 6/30/20216,330,000 shares $253.14 million -6.6%5.4%7.3 $39.99 6/15/20216,780,000 shares $267.81 million -6.7%5.8%7.5 $39.50 5/28/20217,270,000 shares $277.79 million -0.3%6.2%7.9 $38.21 5/14/20217,290,000 shares $266.52 million +39.9%6.2%6.5 $36.56 4/30/20215,210,000 shares $199.23 million +9.7%4.5%3.2 $38.24 4/15/20214,750,000 shares $195.37 million -5.0%4.1%2.9 $41.13 3/31/20215,000,000 shares $199 million +4.2%4.3%3 $39.80 3/15/20214,800,000 shares $199.01 million +30.4%4.1%3 $41.46 2/26/20213,680,000 shares $142.42 million -6.6%3.1%2.4 $38.70 2/12/20213,940,000 shares $181.67 million -17.1%3.4%2.8 $46.11 1/29/20214,750,000 shares $236.69 million -12.4%4.1%5.7 $49.83 1/15/20215,420,000 shares $254.31 million +1.9%4.6%7.8 $46.92 12/31/20205,320,000 shares $207.59 million -1.9%4.6%8.5 $39.02 12/15/20205,420,000 shares $184.61 million +1.3%4.6%8.4 $34.06 11/30/20205,350,000 shares $176.12 million +24.1%4.6%7.7 $32.92 11/15/20204,310,000 shares $134.52 million -8.7%3.7%6.1 $31.21 10/30/20204,720,000 shares $124.84 million -15.6%4.1%7.1 $26.45 10/15/20205,590,000 shares $159.32 million -12.5%4.8%7.6 $28.50 9/30/20206,390,000 shares $163.46 million +4.6%5.5%8.8 $25.58 9/15/20206,110,000 shares $174.50 million -4.1%5.3%7.8 $28.56 8/31/20206,370,000 shares $178.42 million -3.8%5.5%8.5 $28.01 8/14/20206,620,000 shares $189.86 million -3.9%5.7%8.7 $28.682024 Election Year Stocks: Uncover Hidden Gems! (Ad)In the lead-up to the pivotal 2024 election year, we're excited to present our comprehensive report, "Election Year Investment Gems: Stock Poised To Takeoff In 2024," brimming with insights and opportunities you won't want to miss.Secure your copy now by clicking this link. 7/31/20206,890,000 shares $188.72 million -14.2%6.0%8.6 $27.39 7/15/20208,030,000 shares $210.71 million -2.6%7.0%10.3 $26.24 6/30/20208,240,000 shares $209.63 million +0.9%7.1%10.7 $25.44 6/15/20208,170,000 shares $216.10 million +4.5%7.1%10.7 $26.45 5/29/20207,820,000 shares $179.86 million +1.4%6.8%9 $23.00 5/15/20207,710,000 shares $160.68 million -4.9%6.7%8.2 $20.84 4/30/20208,110,000 shares $182.52 million +9.2%7.0%8.2 $22.51 4/15/20207,430,000 shares $168.22 million -2.5%6.4%7.7 $22.64 3/31/20207,620,000 shares $178.99 million -17.7%6.6%7.9 $23.49 3/13/20209,255,900 shares $218.90 million +4.8%8.1%9.8 $23.65 2/28/20208,830,000 shares $175.98 million -5.2%7.7%11.6 $19.93 2/14/20209,310,000 shares $234.43 million +3.1%8.2%12.7 $25.18 1/31/20209,030,000 shares $264.31 million -10.1%7.9%13.7 $29.27 1/15/202010,040,000 shares $310.74 million -1.4%8.8%16 $30.95 12/31/201910,180,000 shares $260.00 million +4.6%8.9%16.9 $25.54 IRDM Short Interest - Frequently Asked Questions What is Iridium Communications' current short interest? Short interest is the volume of Iridium Communications shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 7,050,000 shares of IRDM short. 7.00% of Iridium Communications' shares are currently sold short. Learn More on Iridium Communications' current short interest. What is a good short interest ratio for Iridium Communications? 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. IRDM shares currently have a short interest ratio of 6.0. Learn More on Iridium Communications's short interest ratio. Which institutional investors are shorting Iridium Communications? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Iridium Communications: Jane Street Group LLC, Walleye Trading LLC, and Walleye Capital LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. What is a good short interest percentage for Iridium Communications? 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. 7.00% of Iridium Communications' floating shares are currently sold short. Is Iridium Communications' short interest increasing or decreasing? Iridium Communications saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 7,050,000 shares, an increase of 6.3% from the previous total of 6,630,000 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. What is Iridium Communications' float size? Iridium Communications currently has issued a total of 113,850,000 shares. Some of Iridium Communications' 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. Iridium Communications currently has a public float of 100,720,000 shares. How does Iridium Communications' short interest compare to its competitors? 7.00% of Iridium Communications' shares are currently sold short. Here is how the short interest of companies compare to Iridium Communications: Cogent Communications Holdings, Inc. (9.20%), Lumentum Holdings Inc. (14.88%), ESCO Technologies Inc. (1.04%), Napco Security Technologies, Inc. (9.49%), PowerFleet, Inc. (1.70%), Turtle Beach Co. (6.21%), Iteris, Inc. (1.51%), Inseego Corp. (10.66%), Rekor Systems, Inc. (17.64%), Knightscope, Inc. (11.85%), Which stocks are the most shorted right now? As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks. What does it mean to sell short Iridium Communications stock? Short selling IRDM is an investing strategy that aims to generate trading profit from Iridium Communications as its price is falling. IRDM shares are trading down $1.34 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. How does a short squeeze work against Iridium Communications? A short squeeze for Iridium Communications 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 IRDM, which in turn drives the price of the stock up even further. How often is Iridium Communications' short interest reported? Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including IRDM, twice per month. The most recent reporting period available is October, 31 2024. More Short Interest Resources from MarketBeat Related Companies Cogent Communications Short Interest Lumentum Short Interest ESCO Technologies Short Interest Napco Security Technologies Short Interest PowerFleet Short Interest Turtle Beach Short Interest Iteris Short Interest Inseego Short Interest Rekor Systems Short Interest Knightscope Short Interest Short Interest Tools Stocks to Short Largest Short Interest Positions Short Interest Increases Short Interest Decreases Short Interest Reporting Dates This page (NASDAQ:IRDM) was last updated on 11/17/2024 by MarketBeat.com Staff From Our PartnersBill Gates’s Next Big AI Bet: StargateIn February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of ...Brownstone Research | SponsoredThe Crypto That’s Making Wall Street SweatThe Crypto Wall Street Is Desperate to Hide It's happening now, right under everyone's radar. 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