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Otis Worldwide (OTIS) Short Interest Ratio & Short Volume

Otis Worldwide logo
$99.67 -0.61 (-0.61%)
(As of 11/20/2024 ET)

Otis Worldwide Short Interest Data

Otis Worldwide (OTIS) has a short interest of 7.77 million shares, representing 1.95% of the float (the number of shares available for trading by the public). This marks a -7.61% decrease in short interest from the previous month. The short interest ratio (days to cover) is 3.7, indicating that it would take 3.7 days of the average trading volume of 2.10 million shares to cover all short positions.

Current Short Interest
7,770,000 shares
Previous Short Interest
8,410,000 shares
Change Vs. Previous Month
-7.61%
Dollar Volume Sold Short
$763.01 million
Short Interest Ratio
3.7 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
399,460,000 shares
Float Size
399,000,000 shares
Short Percent of Float
1.95%
Today's Trading Volume
1,881,862 shares
Average Trading Volume
2,096,080 shares
Today's Volume Vs. Average
90%
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OTIS Short Interest Over Time

OTIS Days to Cover Over Time

OTIS Percentage of Float Shorted Over Time

Otis Worldwide Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/20247,770,000 shares $763.01 million -7.6%2.0%3.7 $98.20
10/15/20248,410,000 shares $878.68 million -0.8%2.1%3.9 $104.48
9/30/20248,480,000 shares $881.41 million +26.2%2.1%3.8 $103.94
9/15/20246,720,000 shares $632.89 million +20.4%1.7%3.1 $94.18
8/31/20245,580,000 shares $528.37 million -19.3%1.4%2.7 $94.69
8/15/20246,910,000 shares $644.08 million +14.6%1.7%3.1 $93.21
7/31/20246,030,000 shares $569.84 million +14.0%1.5%2.7 $94.50
7/15/20245,290,000 shares $526.04 million +10.7%1.3%2.5 $99.44
6/30/20244,780,000 shares $460.12 million -4.0%1.2%2.3 $96.26
6/15/20244,980,000 shares $483.71 million -31.0%1.2%2.6 $97.13
5/31/20247,220,000 shares $716.66 million +62.6%1.8%3.6 $99.26
5/15/20244,440,000 shares $431.88 million -3.5%1.1%2.4 $97.27
4/30/20244,600,000 shares $419.52 million -14.3%1.1%2.4 $91.20
4/15/20245,370,000 shares $515.79 million +1.1%1.3%2.8 $96.05
3/31/20245,310,000 shares $527.12 million -11.5%1.3%2.6 $99.27
3/15/20246,000,000 shares $591 million +11.1%1.5%2.9 $98.50
2/29/20245,400,000 shares $514.62 million +17.1%1.3%2.5 $95.30
2/15/20244,610,000 shares $425.18 million -11.7%1.1%2.1 $92.23
1/31/20245,220,000 shares $461.66 million -3.2%1.3%2.5 $88.44
1/15/20245,390,000 shares $464.67 million -6.1%N/A2.5 $86.21
12/31/20235,740,000 shares $513.56 million +22.7%1.4%2.8 $89.47
12/15/20234,680,000 shares $422.09 million +7.3%1.1%2.3 $90.19
11/30/20234,360,000 shares $374.13 million +0.5%1.1%2.3 $85.81
11/15/20234,340,000 shares $362.78 million +6.9%1.1%2.3 $83.59
10/31/20234,060,000 shares $313.47 million +0.3%1.0%2.1 $77.21
10/15/20234,050,000 shares $324 million -9.6%1.0%2.1 $80.00
9/30/20234,480,000 shares $359.79 million -2.0%1.1%2.4 $80.31
9/15/20234,570,000 shares $370.72 million +10.4%1.1%2.5 $81.12
8/31/20234,140,000 shares $354.18 million +9.5%1.0%2.3 $85.55
8/15/20233,780,000 shares $324.17 million -12.3%0.9%1.9 $85.76
7/31/20234,310,000 shares $392.04 million -3.4%1.1%2.2 $90.96
7/15/20234,460,000 shares $395.69 million +15.0%1.1%2.4 $88.72
6/30/20233,880,000 shares $345.36 million -4.0%0.9%2.1 $89.01
6/15/20234,040,000 shares $357.74 million -2.7%1.0%2.2 $88.55
5/31/20234,150,000 shares $329.97 million +1.7%1.0%2.2 $79.51
5/15/20234,080,000 shares $344.80 million -11.9%1.0%2.3 $84.51
4/30/20234,630,000 shares $394.94 million -5.3%1.1%2.6 $85.30
4/15/20234,890,000 shares $397.36 million -1.6%1.2%2.8 $81.26
3/31/20234,970,000 shares $419.47 million -11.1%1.2%2.8 $84.40
3/15/20235,590,000 shares $453.68 million +18.4%1.4%3.2 $81.16
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2/28/20234,720,000 shares $399.41 million +24.9%1.1%2.6 $84.62
2/15/20233,780,000 shares $319.67 million -16.9%0.9%2.1 $84.57
1/31/20234,550,000 shares $374.15 million +10.2%1.1%2.3 $82.23
1/15/20234,130,000 shares $343.82 million -24.5%1.0%2 $83.25
12/30/20225,470,000 shares $428.36 million -4.5%1.3%2.7 $78.31
12/15/20225,730,000 shares $451.64 million -4.7%1.4%2.7 $78.82
11/30/20226,010,000 shares $469.32 million +12.1%1.4%2.8 $78.09
11/15/20225,360,000 shares $421.89 million -7.8%1.3%2.6 $78.71
10/31/20225,810,000 shares $410.42 million -18.4%1.4%3 $70.64
10/15/20227,120,000 shares $456.53 million +4.9%1.7%3.7 $64.12
9/30/20226,790,000 shares $433.20 million -11.5%1.6%3.4 $63.80
9/15/20227,670,000 shares $528.69 million -1.4%1.8%3.6 $68.93
8/31/20227,780,000 shares $561.87 million +8.5%1.8%3.7 $72.22
8/15/20227,170,000 shares $584.71 million +5.3%1.7%3.1 $81.55
7/31/20226,810,000 shares $532.34 million +0.4%1.6%2.8 $78.17
7/15/20226,780,000 shares $471.28 million +4.8%1.6%2.7 $69.51
6/30/20226,470,000 shares $457.23 million -1.4%1.5%2.6 $70.67
6/15/20226,560,000 shares $457.63 million +12.5%1.6%2.7 $69.76
5/31/20225,830,000 shares $433.75 million +5.8%1.4%2.3 $74.40
5/15/20225,510,000 shares $413.86 million -7.1%1.3%2.1 $75.11
4/30/20225,930,000 shares $431.94 million +3.0%1.4%2.2 $72.84
4/15/20225,760,000 shares $430.56 million +8.9%1.4%2 $74.75
3/31/20225,290,000 shares $407.07 million +21.6%1.3%1.8 $76.95
3/15/20224,350,000 shares $320.38 million -13.0%1.0%1.5 $73.65
2/28/20225,000,000 shares $391.65 million +7.5%1.2%1.8 $78.33
2/15/20224,650,000 shares $366.37 million -5.7%1.1%1.8 $78.79
1/31/20224,930,000 shares $421.17 million +17.4%1.2%2.1 $85.43
1/15/20224,200,000 shares $353.56 million +5.8%1.0%1.9 $84.18
12/31/20213,970,000 shares $345.67 million +7.3%0.9%2 $87.07
12/15/20213,700,000 shares $314.20 million +6.0%0.9%1.7 $84.92
11/30/20213,490,000 shares $280.60 million -9.6%0.8%1.4 $80.40
11/15/20213,860,000 shares $324.86 million -18.7%0.9%1.6 $84.16
10/29/20214,750,000 shares $381.47 million -14.3%1.1%2 $80.31
10/15/20215,540,000 shares $465.91 million -6.1%1.3%2.4 $84.10
9/30/20215,900,000 shares $485.45 million +15.0%1.4%2.7 $82.28
9/15/20215,130,000 shares $463.50 million +14.3%1.2%2.4 $90.35
8/31/20214,490,000 shares $414.07 million -23.3%1.1%2.4 $92.22
8/13/20215,850,000 shares $530.36 million -2.3%1.4%3.1 $90.66
7/30/20215,990,000 shares $536.40 million +3.8%1.4%2.8 $89.55
7/15/20215,770,000 shares $491.78 million -8.1%1.3%2.3 $85.23
6/30/20216,280,000 shares $513.52 million +14.0%1.5%2.5 $81.77
6/15/20215,510,000 shares $446.25 million +10.6%1.3%2 $80.99
5/28/20214,980,000 shares $390.08 million +118.4%1.2%1.9 $78.33
5/14/20212,280,000 shares $175.90 million -60.4%0.5%0.8 $77.15
4/30/20215,760,000 shares $453.25 million -20.6%1.3%2.1 $78.69
4/15/20217,250,000 shares $510.40 million -0.7%1.7%2.6 $70.40
3/31/20217,300,000 shares $509.10 million +1.5%1.7%2.7 $69.74
3/15/20217,190,000 shares $474.54 million +20.4%1.7%2.9 $66.00
2/26/20215,970,000 shares $384.83 million +55.9%1.4%2.4 $64.46
2/12/20213,830,000 shares $242.94 million -37.1%0.9%1.6 $63.43
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1/29/20216,090,000 shares $388.72 million +20.1%1.4%2.7 $63.83
1/15/20215,070,000 shares $329.25 million No Change1.2%2.5 $64.94

OTIS Short Interest - Frequently Asked Questions

What is Otis Worldwide's current short interest?

Short interest is the volume of Otis Worldwide shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 7,770,000 shares of OTIS short. 1.95% of Otis Worldwide's shares are currently sold short. Learn More on Otis Worldwide's current short interest.

What is a good short interest ratio for Otis Worldwide?

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. OTIS shares currently have a short interest ratio of 4.0. Learn More on Otis Worldwide's short interest ratio.

Which institutional investors are shorting Otis Worldwide?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Otis Worldwide: Barclays PLC, Jane Street Group LLC, Wolverine Trading LLC, Parallax Volatility Advisers L.P., Maven Securities LTD, Garda Capital Partners LP, Capstone Investment Advisors LLC, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, Concourse Financial Group Securities Inc., and Maven Securities LTD. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Otis Worldwide?

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. 1.95% of Otis Worldwide's floating shares are currently sold short.

Is Otis Worldwide's short interest increasing or decreasing?

Otis Worldwide saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 7,770,000 shares, a drop of 7.6% from the previous total of 8,410,000 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 Otis Worldwide's float size?

Otis Worldwide currently has issued a total of 399,460,000 shares. Some of Otis Worldwide'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. Otis Worldwide currently has a public float of 399,000,000 shares.

How does Otis Worldwide's short interest compare to its competitors?

1.95% of Otis Worldwide's shares are currently sold short. Here is how the short interest of companies in the industry of "electrical equipment" compare to Otis Worldwide: GE Vernova Inc. (1.70%), Regal Rexnord Co. (1.62%), CAE Inc. (1.19%), Novanta Inc. (4.76%), Bloom Energy Co. (19.16%), Fluence Energy, Inc. (6.11%), Atkore Inc. (10.10%), NET Power Inc. (9.71%), Energizer Holdings, Inc. (4.22%), QuantumScape Co. (12.10%),

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 Otis Worldwide stock?

Short selling OTIS is an investing strategy that aims to generate trading profit from Otis Worldwide as its price is falling. OTIS shares are trading down $0.61 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 Otis Worldwide?

A short squeeze for Otis Worldwide 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 OTIS, which in turn drives the price of the stock up even further.

How often is Otis Worldwide'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 OTIS, twice per month. The most recent reporting period available is October, 31 2024.




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