Noranda Aluminum (NORNQ) Short Interest Ratio & Short Volume

Short interest is the volume of Noranda Aluminum shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 900 shares of NORNQ short. Learn More on Noranda Aluminum'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. NORNQ shares currently have a short interest ratio of 9.0. Learn More on Noranda Aluminum's short interest ratio.

Here is how the short interest of companies compare to Noranda Aluminum: Alcoa Co. (4.41%), Century Aluminum (10.06%), Kaiser Aluminum Co. (2.87%), and Norsk Hydro ASA (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Invesco QQQ ($23.74 billion), iShares 20+ Year Treasury Bond ETF ($10.75 billion), MicroStrategy Incorporated ($6.56 billion), Apollo Global Management, Inc. ($5.40 billion), Charter Communications, Inc. ($4.57 billion), AppLovin Co. ($4.45 billion), Capital One Financial Co. ($4.33 billion), Super Micro Computer, Inc. ($4.23 billion), Schlumberger Limited ($3.22 billion), and Royal Caribbean Cruises Ltd. ($3.06 billion). View all of the most shorted stocks.

Short selling NORNQ is an investing strategy that aims to generate trading profit from Noranda Aluminum 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 Noranda Aluminum 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 NORNQ, 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 NORNQ, twice per month. The most recent reporting period available is February, 28 2025.