Understanding total short interest is a crucial aspect of market analysis, as it can indicate market sentiment and potential for short squeezes. Fintel provides comprehensive data on short interest for stocks listed on both Nasdaq and NYSE.
Accessing Short Interest Data on Fintel
Fintel aggregates short interest data from various sources, primarily FINRA and the exchanges themselves, which is typically reported twice a month. This data is then processed and made available on individual stock pages and through dedicated short interest screens.
Here's how you can find it:
- Individual Stock Pages: For any specific stock, navigate to its Fintel page. You'll find a dedicated "Short Interest" tab or section that details the latest reported short interest, previous short interest figures, days to cover, and the short interest ratio.
- Short Interest Leaderboards/Screens: Fintel offers various screening tools that allow you to filter and sort stocks by short interest metrics across the entire market, including Nasdaq and NYSE listings. These screens can help identify stocks with the highest short interest as a percentage of float, or those with significant changes in short interest.
Key Metrics to Consider
Beyond just the raw number of shares short, Fintel also provides:
- Short Interest % of Float: This metric compares the number of shares sold short to the total number of shares available for trading, giving a clearer picture of the magnitude of short selling relative to the stock's liquidity.
- Days to Cover: This indicates how many days it would take for short sellers to cover their positions, given the average daily trading volume. A higher number suggests more difficulty in covering short positions quickly, potentially leading to a larger short squeeze if the stock price rises.
- Short Squeeze Score: Fintel calculates a proprietary Short Squeeze Score, which ranks companies based on a combination of short interest, borrow fee rates, and other factors to identify those most susceptible to a short squeeze.
By utilizing these tools and metrics on Fintel, you can gain valuable insights into the short selling activity on both Nasdaq and NYSE-listed companies.
