You’ve got the short ratio upside down, i.e you need to reverse the numerator and denominator. An average volume of 8 million and a short interest of 2 million has a ratio of .25 NOT 4, so it would only take a half day to cover ther shorts.
I think the author meant to work with a short interest of 8 million and an average daily volume of 2 million.
Short interest is only reported once per month so be careful relying too heavily on the ratio since shares can already be covered at some time during the month. Yahoo finance shows short ratio on the key statistics tab, not on the quote tab. Shortsqueeze.com also gives that information plus a short squeeze ranking based on other stocks shorted.
It would be great if someone knew how to find actual current short interest. The closest to that seems to be when you try to short and there are no shares available. Then it is probably very short, but you are too late.
chris Says: April 16th, 2009 at 4:22 pm
I can’t find the short ratio on Yahoo. Is this video out of date?
Janaka Says: November 27th, 2009 at 10:23 pm
You’ve got the short ratio upside down, i.e you need to reverse the numerator and denominator. An average volume of 8 million and a short interest of 2 million has a ratio of .25 NOT 4, so it would only take a half day to cover ther shorts.
I think the author meant to work with a short interest of 8 million and an average daily volume of 2 million.
Gwen Says: January 13th, 2010 at 11:25 pm
Best trading ‘training’ site I’ve come across.
Can you explain the significance of the piercing line as it relates
to the previous day’s trading range.
I always use stockcharts.com when researching a stock… another
free site I use for technicals is barchart.com, which provides all
numbers at a glance.
Ladygee
JDMontague Says: May 11th, 2010 at 6:33 am
Short interest is only reported once per month so be careful relying too heavily on the ratio since shares can already be covered at some time during the month. Yahoo finance shows short ratio on the key statistics tab, not on the quote tab. Shortsqueeze.com also gives that information plus a short squeeze ranking based on other stocks shorted.
It would be great if someone knew how to find actual current short interest. The closest to that seems to be when you try to short and there are no shares available. Then it is probably very short, but you are too late.