Micron Technology Short ratio
What is the Short ratio of Micron Technology?
The Short ratio of Micron Technology Inc. is 1.33
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Technology sector on NASDAQ compared to Micron Technology
What does Micron Technology do?
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand.
Companies with short ratio similar to Micron Technology
- Aluminum Of China has Short ratio of 1.32
- Sun Metals has Short ratio of 1.32
- Hailiang Education Inc has Short ratio of 1.32
- Pinehurst Capital II has Short ratio of 1.32
- Acerus Pharmaceuticals has Short ratio of 1.32
- Newmont Corp has Short ratio of 1.32
- Micron Technology has Short ratio of 1.33
- Telefonica Brasil S.A has Short ratio of 1.34
- Perpetual has Short ratio of 1.34
- Immutep has Short ratio of 1.34
- Boqii Ltd has Short ratio of 1.34
- General Moly has Short ratio of 1.34
- Bandwidth Inc has Short ratio of 1.34