Cleveland-Cliffs (CLF) Short Interest Ratio & Short Volume

Short interest is the volume of Cleveland-Cliffs shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 66,550,000 shares of CLF short. 13.76% of Cleveland-Cliffs' shares are currently sold short. Learn More on Cleveland-Cliffs' 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. CLF shares currently have a short interest ratio of 3.0. Learn More on Cleveland-Cliffs's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Cleveland-Cliffs: IMC Chicago LLC, GTS Securities LLC, Wolverine Trading LLC, Squarepoint Ops LLC, Millennium Management LLC, Group One Trading LLC, Eisler Capital Management Ltd., D. E. Shaw & Co. Inc., Cubist Systematic Strategies LLC, Citadel Advisors LLC, BNP Paribas Financial Markets, Jane Street Group LLC, Tudor Investment Corp ET AL, Capital Markets Trading UK LLP, Parallax Volatility Advisers L.P., Two Sigma Securities LLC, Credit Industriel ET Commercial, Susquehanna International Group LLP, HAP Trading LLC, Concourse Financial Group Securities Inc., PEAK6 LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Wells Fargo & Company MN, JPMorgan Chase & Co., Simplex Trading LLC, Twin Tree Management LP, Wolverine Asset Management LLC, IMC Chicago LLC, Caas Capital Management LP, and Portman Square Capital LLP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 13.76% of Cleveland-Cliffs' floating shares are currently sold short.

Cleveland-Cliffs saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 66,550,000 shares, an increase of 14.2% from the previous total of 58,280,000 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.

Cleveland-Cliffs currently has issued a total of 494,485,000 shares. Some of Cleveland-Cliffs' 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. Cleveland-Cliffs currently has a public float of 483,620,000 shares.

13.76% of Cleveland-Cliffs' shares are currently sold short. Here is how the short interest of companies compare to Cleveland-Cliffs: Reliance, Inc. (1.48%), United States Steel Co. (7.17%), Carpenter Technology Co. (7.01%), ATI Inc. (2.08%), Commercial Metals (3.84%), Worthington Enterprises, Inc. (2.93%), Radius Recycling, Inc. (4.02%), Olympic Steel, Inc. (2.64%), Nucor Co. (2.33%), Steel Dynamics, Inc. (1.90%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($21.93 billion), iShares 20+ Year Treasury Bond ETF ($9.31 billion), Strategy Incorporated ($8.42 billion), Charter Communications, Inc. ($4.52 billion), Apollo Global Management, Inc. ($4.26 billion), Super Micro Computer, Inc. ($3.98 billion), Capital One Financial Co. ($3.79 billion), TC Energy Co. ($3.43 billion), AppLovin Co. ($2.91 billion), and Schlumberger Limited ($2.89 billion). View all of the most shorted stocks.

Short selling CLF is an investing strategy that aims to generate trading profit from Cleveland-Cliffs as its price is falling. CLF shares are trading up $0.05 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 Cleveland-Cliffs 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 CLF, 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 CLF, twice per month. The most recent reporting period available is March, 31 2025.