Wetouch Technology (WETH) Short Interest Ratio & Short Volume

Short interest is the volume of Wetouch Technology shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 296,200 shares of WETH short. 2.49% of Wetouch Technology's shares are currently sold short. Learn More on Wetouch Technology'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. WETH shares currently have a short interest ratio of 1.0. Learn More on Wetouch Technology'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. 2.49% of Wetouch Technology's floating shares are currently sold short.

Wetouch Technology saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 296,200 shares, an increase of 95.9% from the previous total of 151,200 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.

Wetouch Technology currently has issued a total of 11,930,000 shares. Some of Wetouch Technology'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. Wetouch Technology currently has a public float of 11,890,000 shares.

2.49% of Wetouch Technology's shares are currently sold short. Here is how the short interest of companies compare to Wetouch Technology: Dominari Holdings Inc. (0.43%), Lion Group Holding Ltd. (1.33%), Morgan Stanley (1.02%), The Goldman Sachs Group, Inc. (1.39%), BlackRock, Inc. (0.92%), The Charles Schwab Co. (0.88%), Interactive Brokers Group, Inc. (0.43%), Robinhood Markets, Inc. (2.87%), Raymond James (2.46%), Nomura Holdings, Inc. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($4.18 billion), Charter Communications, Inc. ($3.91 billion), Reddit, Inc. ($3.16 billion), The Kroger Co. ($2.75 billion), International Paper ($2.57 billion), Cencora, Inc. ($2.06 billion), SoFi Technologies, Inc. ($2.06 billion), Rivian Automotive, Inc. ($2.00 billion), Live Nation Entertainment, Inc. ($1.63 billion), and Hims & Hers Health, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling WETH is an investing strategy that aims to generate trading profit from Wetouch Technology as its price is falling. WETH shares are trading down $0.01 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 Wetouch Technology 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 WETH, 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 WETH, twice per month. The most recent reporting period available is January, 15 2025.