MSC Industrial Direct Co Short ratio
What is the Short ratio of MSC Industrial Direct Co?
The Short ratio of MSC Industrial Direct Co., Inc. is 2.88
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 Industrials sector on NYSE compared to MSC Industrial Direct Co
What does MSC Industrial Direct Co do?
msc industrial supply co. (nyse:msm) is a leading north american distributor of metalworking and maintenance, repair, and operations (mro) products and services. we help our customers drive greater productivity, profitability and growth with more than 1 million products, inventory management and other supply chain solutions, and deep expertise from 75 years of working with customers across industries. our experienced team of over 6,000 associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow. for more information on msc, please visit mscdirect.com.
Companies with short ratio similar to MSC Industrial Direct Co
- Turquoise Hill Resources has Short ratio of 2.87
- DFP Healthcare Acquisitions has Short ratio of 2.87
- DZS Inc has Short ratio of 2.87
- MRC Global Inc has Short ratio of 2.87
- Valhi has Short ratio of 2.87
- Silver Bull Resources Inc has Short ratio of 2.87
- MSC Industrial Direct Co has Short ratio of 2.88
- Materion Corp has Short ratio of 2.89
- Grid Dynamics has Short ratio of 2.89
- Bioceres Crop Solutions Corp has Short ratio of 2.89
- Clarivate Plc has Short ratio of 2.89
- Wintrust has Short ratio of 2.89
- Employers Inc has Short ratio of 2.89