Matrix Service (MTRX) Short Interest Ratio & Short Volume

Short interest is the volume of Matrix Service shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 400,000 shares of MTRX short. 1.54% of Matrix Service's shares are currently sold short. Learn More on Matrix Service'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. MTRX shares currently have a short interest ratio of 2.0. Learn More on Matrix Service's short interest ratio.

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. 1.54% of Matrix Service's floating shares are currently sold short.

Matrix Service saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 400,000 shares, a drop of 26.0% from the previous total of 540,200 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.

Matrix Service currently has issued a total of 27,310,000 shares. Some of Matrix Service'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. Matrix Service currently has a public float of 25,940,000 shares.

1.54% of Matrix Service's shares are currently sold short. Here is how the short interest of companies compare to Matrix Service: Concrete Pumping Holdings, Inc. (2.49%), Oil States International, Inc. (3.24%), Gran Tierra Energy Inc. (2.13%), Uranium Royalty Corp. (2.81%), W&T Offshore, Inc. (21.15%), FREYR Battery, Inc. (6.94%), FuelCell Energy, Inc. (22.55%), Amplify Energy Corp. (4.36%), Ranger Energy Services, Inc. (1.74%), AltC Acquisition Corp. (0.34%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling MTRX is an investing strategy that aims to generate trading profit from Matrix Service as its price is falling. MTRX shares are trading down $0.33 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 Matrix Service 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 MTRX, 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 MTRX, twice per month. The most recent reporting period available is May, 15 2024.