SMG Industries (SMGI) Short Interest Ratio & Short Volume

Short interest is the volume of SMG Industries shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 1,200 shares of SMGI short. Learn More on SMG Industries' current short interest.

SMG Industries saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,200 shares, an increase of ∞ from the previous total of 0 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 "transportation" compare to SMG Industries: TORM plc (7.03%), Enbridge Inc. (0.83%), Canadian Pacific Kansas City Limited (0.76%), Canadian National Railway (0.31%), CSX Co. (1.50%), Mplx Lp (3.12%), Ryanair Holdings plc (1.29%), Viking Holdings Ltd (0.47%), and Brookfield Infrastructure Partners L.P. (0.33%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling SMGI is an investing strategy that aims to generate trading profit from SMG Industries 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 SMG Industries 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 SMGI, 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 SMGI, twice per month. The most recent reporting period available is July, 15 2024.