CITIC (CTPCY) Short Interest Ratio & Short Volume

Short interest is the volume of CITIC shares that have been sold short but have not yet been covered or closed out. As of June 15th, investors have sold 700 shares of CTPCY short. Learn More on CITIC'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. CTPCY shares currently have a short interest ratio of 7.0. Learn More on CITIC's short interest ratio.

Here is how the short interest of companies compare to CITIC: Nucor Co. (2.09%), Sumitomo Co. (0.00%), Steel Dynamics, Inc. (2.40%), Tenaris S.A. (0.56%), ArcelorMittal S.A. (0.64%), POSCO Holdings Inc. (0.23%), Carpenter Technology Co. (4.58%), United States Steel Co. (7.20%), Commercial Metals (2.97%), Ternium S.A. (0.33%),

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.

Short selling CTPCY is an investing strategy that aims to generate trading profit from CITIC as its price is falling. CTPCY shares are trading up $0.29 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 CITIC 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 CTPCY, 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 CTPCY, twice per month. The most recent reporting period available is June, 15 2024.