Jabil Inc Short ratio
What is the Short ratio of Jabil Inc?
The Short ratio of Jabil Inc is 2.46
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 NYSE compared to Jabil Inc
What does Jabil Inc do?
jabil (nyse: jbl) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. the world's leading brands rely on jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. driven by a common purpose, jabil and its people are committed to making a positive impact on their local community and the environment.
Companies with short ratio similar to Jabil Inc
- Urstadt Biddle Properties has Short ratio of 2.45
- Pacwest Bancorp has Short ratio of 2.45
- Altimeter Growth has Short ratio of 2.45
- Pimco New York Municipal Income Fund III has Short ratio of 2.45
- Richardson Electronics has Short ratio of 2.45
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- Jabil Inc has Short ratio of 2.46
- WEC Inc has Short ratio of 2.47
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- M & T Bank Corp has Short ratio of 2.47
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