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Encore Wire (WIRE) Short Interest Ratio & Short Volume

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Encore Wire Short Interest Data

Encore Wire (WIRE) has a short interest of 755,100 shares, representing 5.14% of the float (the number of shares available for trading by the public). This marks a 3.74% increase in short interest from the previous month. The short interest ratio (days to cover) is 1.9, indicating that it would take 1.9 days of the average trading volume of 318,575 shares to cover all short positions.

Current Short Interest
755,100 shares
Previous Short Interest
727,900 shares
Change Vs. Previous Month
+3.74%
Dollar Volume Sold Short
$218.28 million
Short Interest Ratio
1.9 Days to Cover
Last Record Date
June 15, 2024
Outstanding Shares
15,797,000 shares
Float Size
14,700,000 shares
Short Percent of Float
5.14%
Today's Trading Volume
266 shares
Average Trading Volume
318,575 shares
Today's Volume Vs. Average
0%
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WIRE Short Interest Over Time

WIRE Days to Cover Over Time

WIRE Percentage of Float Shorted Over Time

Encore Wire Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
6/15/2024755,100 shares $218.28 million +3.7%5.1%1.9 $289.07
5/31/2024727,900 shares $210.17 million -8.9%5.0%2.1 $288.73
5/15/2024799,100 shares $225.35 million -24.6%5.4%2.7 $282.00
4/30/20241,060,000 shares $296.12 million -64.7%7.2%3.7 $279.36
4/15/20243,000,000 shares $873.69 million -1.0%20.4%10.7 $291.23
3/31/20243,030,000 shares $796.22 million -9.3%20.6%17.1 $262.78
3/15/20243,340,000 shares $753.64 million -0.3%22.8%18.5 $225.64
2/29/20243,350,000 shares $807.35 million -0.3%22.8%17.7 $241.00
2/15/20243,360,000 shares $800.18 million +0.3%22.9%17.8 $238.15
1/31/20243,350,000 shares $755.43 million -4.3%22.8%18.3 $225.50
1/15/20243,500,000 shares $757.09 million -4.4%29.1%17.3 $216.31
12/31/20233,660,000 shares $781.78 million -8.3%24.6%17.2 $213.60
12/15/20233,990,000 shares $843.09 million -2.7%26.9%18.6 $211.30
11/30/20234,100,000 shares $755.63 million -1.9%27.6%18.9 $184.30
11/15/20234,180,000 shares $837.50 million No Change28.1%19 $200.36
10/31/20234,180,000 shares $747.51 million -0.5%28.0%18.5 $178.83
10/15/20234,200,000 shares $748.48 million +0.5%26.4%17 $178.21
9/30/20234,180,000 shares $762.68 million +5.6%26.3%16.7 $182.46
9/15/20233,960,000 shares $683.97 million +0.5%24.9%16 $172.72
8/31/20233,940,000 shares $649.35 million +3.7%24.8%16.3 $164.81
8/15/20233,800,000 shares $635.51 million -1.0%23.9%15.7 $167.24
7/31/20233,840,000 shares $655.45 million +17.4%24.2%15.4 $170.69
7/15/20233,270,000 shares $575.95 million +2.8%19.6%12 $176.13
6/30/20233,180,000 shares $591.26 million +6.7%19.1%12.5 $185.93
6/15/20232,980,000 shares $530.05 million -2.3%17.9%11.5 $177.87
5/31/20233,050,000 shares $499.19 million +3.4%18.3%11.6 $163.67
5/15/20232,950,000 shares $489.46 million +14.8%17.7%11.4 $165.92
4/30/20232,570,000 shares $401.77 million -1.9%15.4%9.7 $156.33
4/15/20232,620,000 shares $440.87 million +11.0%15.1%12 $168.27
3/31/20232,360,000 shares $437.38 million +12.4%13.6%11.1 $185.33
3/15/20232,100,000 shares $354.56 million +2.4%12.1%10.7 $168.84
2/28/20232,050,000 shares $395.67 million -6.0%11.8%11.2 $193.01
2/15/20232,180,000 shares $422.51 million -8.4%12.5%11.7 $193.81
1/31/20232,380,000 shares $384.20 million -3.6%13.7%13.8 $161.43
1/15/20232,470,000 shares $368.80 million +1.2%14.2%12.8 $149.31
12/30/20222,440,000 shares $335.65 million -3.6%13.9%11.6 $137.56
12/15/20222,530,000 shares $351.82 million +0.4%14.4%11 $139.06
11/30/20222,520,000 shares $368.20 million -2.0%14.3%10 $146.11
11/15/20222,570,000 shares $390.46 million -0.8%14.6%10.1 $151.93
10/31/20222,590,000 shares $356.36 million +4.0%14.7%9.7 $137.59
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10/15/20222,490,000 shares $298.25 million +3.8%13.6%8.5 $119.78
9/30/20222,400,000 shares $277.30 million +3.9%13.1%8.4 $115.54
9/15/20222,310,000 shares $275.77 million -2.9%12.6%8.1 $119.38
8/31/20222,380,000 shares $309.64 million -5.2%12.9%8.7 $130.10
8/15/20222,510,000 shares $329.66 million +8.7%13.6%9.5 $131.34
7/31/20222,310,000 shares $319.87 million +20.9%12.6%8.8 $138.47
7/15/20221,910,000 shares $200.66 million +17.2%10.1%7.6 $105.06
6/30/20221,630,000 shares $169.39 million +11.6%8.6%7 $103.92
6/15/20221,460,000 shares $178.66 million +2.8%7.7%6.4 $122.37
5/31/20221,420,000 shares $177.53 million +6.0%7.5%6.4 $125.02
5/15/20221,340,000 shares $170.73 million -0.7%7.1%5.8 $127.41
4/30/20221,350,000 shares $152.29 million -9.4%7.1%5.3 $112.81
4/15/20221,490,000 shares $158.95 million -0.7%7.9%6.1 $106.68
3/31/20221,500,000 shares $171.11 million +3.5%7.9%5.8 $114.07
3/15/20221,450,000 shares $177.83 million +2.8%7.4%5.6 $122.64
2/28/20221,410,000 shares $164.15 million +34.3%7.2%5 $116.42
2/15/20221,050,000 shares $123.86 million +4.0%5.4%3.6 $117.96
1/31/20221,010,000 shares $113.82 million +2.0%5.2%3.8 $112.69
1/15/2022990,000 shares $127.40 million +5.4%5.1%3.5 $128.69
12/31/2021939,700 shares $134.47 million +18.2%4.8%3.4 $143.10
12/15/2021795,200 shares $107.97 million +30.9%4.0%2.9 $135.78
11/30/2021607,700 shares $85.36 million +8.2%3.1%2.5 $140.46
11/15/2021561,500 shares $80.09 million +10.9%2.9%2.7 $142.63
10/29/2021506,400 shares $67.89 million +5.2%2.6%2.7 $134.06
10/15/2021481,400 shares $53.29 million +24.3%2.4%2.8 $110.69
9/30/2021387,300 shares $36.73 million -27.1%1.9%2.5 $94.83
9/15/2021531,600 shares $46.24 million +5.1%2.7%3.6 $86.98
8/31/2021506,000 shares $43.02 million +13.6%2.5%3.9 $85.01
8/13/2021445,600 shares $39.16 million +19.1%2.2%3.5 $87.88
7/30/2021374,100 shares $29.34 million +7.2%1.9%2.9 $78.43
7/15/2021348,900 shares $24.31 million +30.5%1.7%3.2 $69.68
6/30/2021267,400 shares $20.27 million -29.3%1.3%2.5 $75.79
6/15/2021378,300 shares $31.33 million -6.8%1.9%3.7 $82.83
5/28/2021405,900 shares $33.36 million +5.4%2.0%3.9 $82.20
5/14/2021385,300 shares $31.02 million +22.3%1.9%3.5 $80.50
4/30/2021315,000 shares $23.71 million +12.3%1.6%2.7 $75.26
4/15/2021280,400 shares $19.87 million +46.4%1.4%2.6 $70.88
3/31/2021191,600 shares $12.93 million -23.9%1.0%1.8 $67.49
3/15/2021251,800 shares $17.96 million -27.5%1.3%2.1 $71.32
2/26/2021347,500 shares $22.90 million -15.0%1.7%2.9 $65.89
2/12/2021408,800 shares $26.55 million +2.1%2.0%3.5 $64.95
1/29/2021400,500 shares $23.13 million +0.8%2.0%3.5 $57.75
1/15/2021397,300 shares $24.77 million -5.6%2.0%3.4 $62.34
12/31/2020420,900 shares $25.41 million +31.6%2.1%3.7 $60.37
12/15/2020319,900 shares $18.19 million -22.1%1.6%2.8 $56.86
11/30/2020410,400 shares $21.56 million -4.6%2.1%4 $52.53
10/30/2020403,800 shares $18.64 million +35.7%2.0%4.5 $46.17
10/15/2020297,500 shares $14.20 million +85.6%1.5%3.3 $47.73
9/30/2020160,300 shares $7.44 million -3.8%0.8%1.8 $46.42
9/15/2020166,700 shares $8.08 million -27.6%0.8%2 $48.47
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8/31/2020230,300 shares $11.89 million -8.1%1.2%2.9 $51.61
8/14/2020250,500 shares $13.49 million +5.5%1.3%2.9 $53.85
7/31/2020237,500 shares $11.92 million -2.0%1.2%2.4 $50.19
7/15/2020242,400 shares $11.67 million +21.9%1.2%2.2 $48.16
6/30/2020198,900 shares $9.71 million -6.5%1.0%1.7 $48.82
6/15/2020212,700 shares $10.00 million +7.6%1.1%1.7 $47.01
5/29/2020197,600 shares $9.54 million +17.6%1.0%1.5 $48.29
5/15/2020168,000 shares $7.14 million -10.1%0.9%1.2 $42.52
4/30/2020186,800 shares $8.55 million +1.7%0.9%1.3 $45.78
4/15/2020183,700 shares $8.09 million -37.3%0.9%1.3 $44.04
3/31/2020293,100 shares $12.31 million -37.5%1.5%2.1 $41.99
3/13/2020469,000 shares $21.29 million -6.8%2.3%3.7 $45.39
2/28/2020503,000 shares $19.75 million +6.3%2.5%4.1 $39.26
2/14/2020473,100 shares $21.52 million +9.1%2.3%4.2 $45.49
1/31/2020433,800 shares $21.57 million +20.3%2.2%4.5 $49.72
1/15/2020360,500 shares $20.04 million +56.9%1.8%3.5 $55.60
12/31/2019229,700 shares $13.06 million -24.2%1.1%2.3 $56.84

WIRE Short Interest - Frequently Asked Questions

What is Encore Wire's current short interest?

Short interest is the volume of Encore Wire shares that have been sold short but have not yet been closed out or covered. As of June 15th, traders have sold 755,100 shares of WIRE short. 5.14% of Encore Wire's shares are currently sold short. Learn More on Encore Wire's current short interest.

What is a good short interest ratio for Encore Wire?

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. WIRE shares currently have a short interest ratio of 2.0. Learn More on Encore Wire's short interest ratio.

Which institutional investors are shorting Encore Wire?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Encore Wire: 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 Encore Wire?

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. 5.14% of Encore Wire's floating shares are currently sold short.

Is Encore Wire's short interest increasing or decreasing?

Encore Wire saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 755,100 shares, an increase of 3.7% from the previous total of 727,900 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 Encore Wire's float size?

Encore Wire currently has issued a total of 15,797,000 shares. Some of Encore Wire'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. Encore Wire currently has a public float of 14,700,000 shares.

How does Encore Wire's short interest compare to its competitors?

5.14% of Encore Wire's shares are currently sold short. Here is how the short interest of companies compare to Encore Wire: Generac Holdings Inc. (4.48%), Acuity Brands, Inc. (2.14%), Enphase Energy, Inc. (14.76%), Belden Inc. (2.19%), Franklin Electric Co., Inc. (1.47%), EnerSys (2.35%), Brady Co. (1.49%), Powell Industries, Inc. (19.59%), Vicor Co. (7.22%), Thermon Group Holdings, Inc. (0.99%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($5.04 billion), T-Mobile US, Inc. ($4.49 billion), Charter Communications, Inc. ($3.25 billion), Moderna, Inc. ($3.02 billion), General Motors ($2.91 billion), Royal Caribbean Cruises Ltd. ($2.37 billion), Cencora, Inc. ($2.19 billion), Tractor Supply ($1.82 billion), Williams-Sonoma, Inc. ($1.72 billion), and Enphase Energy, Inc. ($1.61 billion). View all of the most shorted stocks.

What does it mean to sell short Encore Wire stock?

Short selling WIRE is an investing strategy that aims to generate trading profit from Encore Wire 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.

How does a short squeeze work against Encore Wire?

A short squeeze for Encore Wire 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 WIRE, which in turn drives the price of the stock up even further.

How often is Encore Wire's 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 WIRE, twice per month. The most recent reporting period available is June, 15 2024.




This page (NASDAQ:WIRE) was last updated on 12/21/2024 by MarketBeat.com Staff
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