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Steel Dynamics (STLD) Short Interest Ratio & Short Volume

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$144.04 +3.80 (+2.71%)
(As of 11/20/2024 ET)

Steel Dynamics Short Interest Data

Steel Dynamics (STLD) has a short interest of 3.46 million shares, representing 2.40% of the float (the number of shares available for trading by the public). This marks a -13.07% decrease in short interest from the previous month. The short interest ratio (days to cover) is 2.6, indicating that it would take 2.6 days of the average trading volume of 1.29 million shares to cover all short positions.

Current Short Interest
3,460,000 shares
Previous Short Interest
3,980,000 shares
Change Vs. Previous Month
-13.07%
Dollar Volume Sold Short
$451.53 million
Short Interest Ratio
2.6 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
152,240,000 shares
Float Size
144,000,000 shares
Short Percent of Float
2.40%
Today's Trading Volume
2,162,425 shares
Average Trading Volume
1,294,643 shares
Today's Volume Vs. Average
167%
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STLD Short Interest Over Time

STLD Days to Cover Over Time

STLD Percentage of Float Shorted Over Time

Steel Dynamics Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/20243,460,000 shares $451.53 million -13.1%2.4%2.6 $130.50
10/15/20243,980,000 shares $511.27 million -10.8%2.8%3 $128.46
9/30/20244,460,000 shares $562.32 million -5.9%3.1%3.3 $126.08
9/15/20244,740,000 shares $534.86 million -4.1%3.3%3.4 $112.84
8/31/20244,940,000 shares $590.38 million -5.0%3.4%3.7 $119.51
8/15/20245,200,000 shares $613.86 million +15.6%3.6%4 $118.05
7/31/20244,500,000 shares $599.49 million -14.5%3.1%3.5 $133.22
7/15/20245,260,000 shares $693.85 million -15.0%3.6%4 $131.91
6/30/20246,190,000 shares $801.61 million -8.8%4.2%4.9 $129.50
6/15/20246,790,000 shares $819.49 million +7.3%4.6%5.6 $120.69
5/31/20246,330,000 shares $847.40 million +17.9%4.3%5.6 $133.87
5/15/20245,370,000 shares $735.31 million +2.7%3.7%4.8 $136.93
4/30/20245,230,000 shares $680.53 million +7.0%3.5%4.6 $130.12
4/15/20244,890,000 shares $689.34 million +7.5%3.3%4.1 $140.97
3/31/20244,550,000 shares $674.45 million -6.4%3.1%3.9 $148.23
3/15/20244,860,000 shares $670.19 million +12.2%3.3%4.1 $137.90
2/29/20244,330,000 shares $579.44 million -13.2%2.9%3.4 $133.82
2/15/20244,990,000 shares $619.31 million -3.7%3.3%3.8 $124.11
1/31/20245,180,000 shares $625.17 million +18.8%3.4%4 $120.69
1/15/20244,360,000 shares $493.64 million -6.4%2.9%3.3 $113.22
12/31/20234,660,000 shares $550.35 million -15.6%3.1%3.5 $118.10
12/15/20235,520,000 shares $687.35 million -8.6%3.7%4.1 $124.52
11/30/20236,040,000 shares $719.55 million -2.6%4.0%4.4 $119.13
11/15/20236,200,000 shares $689.81 million -1.9%4.1%4.8 $111.26
10/31/20236,320,000 shares $673.14 million +13.3%4.1%4.7 $106.51
10/15/20235,580,000 shares $590.98 million -6.1%3.6%4.2 $105.91
9/30/20235,940,000 shares $636.89 million -0.3%3.8%4.7 $107.22
9/15/20235,960,000 shares $588.31 million -7.0%3.8%4.7 $98.71
8/31/20236,410,000 shares $683.24 million +5.6%4.1%4.8 $106.59
8/15/20236,070,000 shares $632.55 million +4.5%3.9%4.2 $104.21
7/31/20235,810,000 shares $619.23 million +2.7%3.7%3.9 $106.58
7/15/20235,660,000 shares $602.00 million +0.9%3.6%3.7 $106.36
6/30/20235,610,000 shares $611.10 million -8.9%3.5%3.4 $108.93
6/15/20236,160,000 shares $652.71 million -7.7%3.9%3.6 $105.96
5/31/20236,670,000 shares $612.97 million -1.3%4.2%3.6 $91.90
5/15/20236,760,000 shares $662.62 million +13.8%4.3%3.6 $98.02
4/30/20235,940,000 shares $617.46 million -2.8%3.8%3.2 $103.95
4/15/20236,110,000 shares $638.25 million +1.2%3.8%3.2 $104.46
3/31/20236,040,000 shares $682.88 million +21.3%3.8%3.2 $113.06
3/15/20234,980,000 shares $506.72 million +12.4%3.1%2 $101.75
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2/28/20234,430,000 shares $558.67 million +1.1%2.8%1.9 $126.11
2/15/20234,380,000 shares $550.48 million -8.4%2.7%1.9 $125.68
1/31/20234,780,000 shares $576.66 million -10.8%2.9%2.1 $120.64
1/15/20235,360,000 shares $597.75 million -3.3%3.3%2.3 $111.52
12/30/20225,540,000 shares $541.26 million -1.4%3.4%2.3 $97.70
12/15/20225,620,000 shares $572.79 million -4.6%3.4%2.4 $101.92
11/30/20225,890,000 shares $612.15 million +6.3%3.6%3.4 $103.93
11/15/20225,540,000 shares $556.66 million -0.7%3.4%3.1 $100.48
10/31/20225,580,000 shares $524.80 million +3.3%3.4%3.2 $94.05
10/15/20225,400,000 shares $421.52 million -2.9%3.1%3.1 $78.06
9/30/20225,560,000 shares $394.48 million +15.4%3.2%3.3 $70.95
9/15/20224,820,000 shares $367.43 million -0.6%2.8%2.8 $76.23
8/31/20224,850,000 shares $391.49 million +8.0%2.8%2.6 $80.72
8/15/20224,490,000 shares $375.14 million -0.4%2.6%2.4 $83.55
7/31/20224,510,000 shares $351.24 million +0.5%2.5%2.2 $77.88
7/15/20224,490,000 shares $301.10 million -19.5%2.5%2.1 $67.06
6/30/20225,580,000 shares $369.12 million -27.2%3.1%2.6 $66.15
6/15/20227,660,000 shares $551.90 million +10.1%4.3%3.4 $72.05
5/31/20226,960,000 shares $594.24 million -2.3%3.9%3.1 $85.38
5/15/20227,120,000 shares $527.81 million +16.3%4.0%3 $74.13
4/30/20226,120,000 shares $524.79 million -6.3%3.4%2.6 $85.75
4/15/20226,530,000 shares $576.73 million -9.2%3.7%2.6 $88.32
3/31/20227,190,000 shares $599.86 million -5.6%4.0%2.9 $83.43
3/15/20227,620,000 shares $557.10 million -8.2%4.2%3.2 $73.11
2/28/20228,300,000 shares $585.81 million +4.8%4.6%3.7 $70.58
2/15/20227,920,000 shares $505.14 million +15.0%4.2%3.8 $63.78
1/31/20226,890,000 shares $382.53 million +12.6%3.7%3.4 $55.52
1/15/20226,120,000 shares $380.73 million +12.7%3.3%3.2 $62.21
12/31/20215,430,000 shares $337.04 million +8.6%N/A3 $62.07
12/15/20215,000,000 shares $294.10 million +2.0%2.7%2.7 $58.82
11/30/20214,900,000 shares $293.02 million +0.8%2.6%2.5 $59.80
11/15/20214,860,000 shares $318.23 million -3.4%2.6%2.5 $65.48
10/29/20215,030,000 shares $332.38 million +12.5%2.7%2.5 $66.08
10/15/20214,470,000 shares $276.60 million -5.7%2.3%2.1 $61.88
9/30/20214,740,000 shares $277.20 million +20.6%2.5%2.3 $58.48
9/15/20213,930,000 shares $255.61 million -15.5%2.0%1.9 $65.04
8/31/20214,650,000 shares $313.83 million -6.8%2.4%2.3 $67.49
8/13/20214,990,000 shares $364.87 million +18.8%2.6%2.3 $73.12
7/30/20214,200,000 shares $270.69 million -4.3%2.2%1.8 $64.45
7/15/20214,390,000 shares $270.51 million -4.8%2.2%1.9 $61.62
6/30/20214,610,000 shares $274.76 million +8.0%2.3%1.9 $59.60
6/15/20214,270,000 shares $269.78 million +1.7%2.1%1.8 $63.18
5/28/20214,200,000 shares $262.21 million -7.5%2.1%1.7 $62.43
5/14/20214,540,000 shares $289.06 million +12.1%2.3%1.8 $63.67
4/30/20214,050,000 shares $223.88 million +4.9%2.0%1.7 $55.28
4/15/20213,860,000 shares $196.17 million +3.8%1.9%1.7 $50.82
3/31/20213,720,000 shares $190.76 million -15.5%1.9%1.7 $51.28
3/15/20214,400,000 shares $216.44 million +10.3%2.2%2 $49.19
2/26/20213,990,000 shares $167.86 million -1.7%2.0%2 $42.07
2/12/20214,060,000 shares $157.45 million -5.8%2.0%2.2 $38.78
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1/29/20214,310,000 shares $151.54 million -3.2%2.2%2.2 $35.16
1/15/20214,450,000 shares $179.69 million +7.0%2.2%2.4 $40.38
12/31/20204,160,000 shares $152.21 million +6.9%2.1%2.2 $36.59
12/15/20203,890,000 shares $147.59 million -8.0%2.0%2.1 $37.94
11/30/20204,230,000 shares $159.26 million -1.2%2.1%2.2 $37.65
11/15/20204,280,000 shares $148.17 million +6.7%2.2%2.3 $34.62
10/30/20204,010,000 shares $126.80 million +26.5%2.0%2.3 $31.62
10/15/20203,170,000 shares $105.43 million +7.5%1.6%1.9 $33.26
9/30/20202,950,000 shares $84.46 million -27.7%1.5%1.8 $28.63
9/15/20204,080,000 shares $123.91 million -1.0%2.1%2.4 $30.37
8/31/20204,120,000 shares $121.62 million -17.4%2.1%2.5 $29.52
8/14/20204,990,000 shares $154.44 million +5.9%2.5%2.8 $30.95
7/31/20204,710,000 shares $129.10 million -4.7%2.4%2.5 $27.41
7/15/20204,940,000 shares $130.76 million +10.0%2.5%2.5 $26.47
6/30/20204,490,000 shares $117.14 million -3.2%2.3%2.2 $26.09
6/15/20204,640,000 shares $124.03 million -8.1%2.3%2 $26.73
5/29/20205,050,000 shares $134.13 million +9.5%2.5%1.9 $26.56
5/15/20204,610,000 shares $103.82 million +7.5%2.3%1.7 $22.52
4/30/20204,290,000 shares $104.12 million -20.0%2.1%1.6 $24.27
4/15/20205,360,000 shares $117.12 million +20.7%2.7%1.9 $21.85
3/31/20204,440,000 shares $104.52 million -18.4%2.2%1.6 $23.54
3/13/20205,438,900 shares $130.32 million +5.6%2.7%1.7 $23.96
2/28/20205,150,000 shares $92.13 million +6.6%2.5%2.4 $17.89
2/14/20204,830,000 shares $109.11 million -1.8%2.4%2.4 $22.59
1/31/20204,920,000 shares $137.07 million -15.2%2.4%2.5 $27.86
1/15/20205,800,000 shares $172.14 million +19.8%2.8%3 $29.68
12/31/20194,840,000 shares $148.83 million -11.7%2.4%2.5 $30.75

STLD Short Interest - Frequently Asked Questions

What is Steel Dynamics' current short interest?

Short interest is the volume of Steel Dynamics shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 3,460,000 shares of STLD short. 2.40% of Steel Dynamics' shares are currently sold short. Learn More on Steel Dynamics' current short interest.

What is a good short interest ratio for Steel Dynamics?

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. STLD shares currently have a short interest ratio of 3.0. Learn More on Steel Dynamics's short interest ratio.

Which institutional investors are shorting Steel Dynamics?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Steel Dynamics: Jane Street Group LLC, Wolverine Trading LLC, Readystate Asset Management LP, Point72 Asset Management L.P., Centiva Capital LP, Capstone Investment Advisors LLC, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, Citigroup Inc., Genus Capital Management Inc., Concourse Financial Group Securities Inc., and Cubist Systematic Strategies LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Steel Dynamics?

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. 2.40% of Steel Dynamics' floating shares are currently sold short.

Is Steel Dynamics' short interest increasing or decreasing?

Steel Dynamics saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 3,460,000 shares, a decrease of 13.1% from the previous total of 3,980,000 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 Steel Dynamics' float size?

Steel Dynamics currently has issued a total of 152,240,000 shares. Some of Steel Dynamics' 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. Steel Dynamics currently has a public float of 144,000,000 shares.

How does Steel Dynamics' short interest compare to its competitors?

2.40% of Steel Dynamics' shares are currently sold short. Here is how the short interest of companies compare to Steel Dynamics: Nucor Co. (2.09%), Reliance, Inc. (2.19%), Carpenter Technology Co. (4.58%), United States Steel Co. (7.20%), ATI Inc. (1.72%), Commercial Metals (2.97%), Cleveland-Cliffs Inc. (8.58%), Worthington Enterprises, Inc. (3.45%), Haynes International, Inc. (4.99%), Radius Recycling, Inc. (1.68%),

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 Steel Dynamics stock?

Short selling STLD is an investing strategy that aims to generate trading profit from Steel Dynamics as its price is falling. STLD shares are trading up $3.80 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 Steel Dynamics?

A short squeeze for Steel Dynamics 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 STLD, which in turn drives the price of the stock up even further.

How often is Steel Dynamics' 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 STLD, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:STLD) was last updated on 11/21/2024 by MarketBeat.com Staff
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