GTT Communications (GTTN) Short Interest Ratio & Short Volume

Short interest is the volume of GTT Communications shares that have been sold short but have not yet been covered or closed out. As of October 29th, investors have sold 4,607,500 shares of GTTN short. Learn More on GTT Communications' 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. GTTN shares currently have a short interest ratio of 6.0. Learn More on GTT Communications's short interest ratio.

GTT Communications saw a decrease in short interest in October. As of October 29th, there was short interest totaling 4,607,500 shares, a decrease of 5.0% from the previous total of 4,848,800 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.

Here is how the short interest of companies in the industry of "communication" compare to GTT Communications: Oi S.A. (0.00%), NextPlat Corp (0.40%), DatChat, Inc. (17.89%), Mynaric AG (0.33%), Ayro, Inc. (9.45%), Cumulus Media Inc. (1.00%), Antelope Enterprise Holdings Limited (1.74%), Spanish Broadcasting System, Inc. (0.00%), Trans Global Group Inc. (0.00%), Plaintree Systems Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling GTTN is an investing strategy that aims to generate trading profit from GTT Communications 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.

A short squeeze for GTT Communications 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 GTTN, 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 GTTN, twice per month. The most recent reporting period available is October, 29 2021.