GFL Environmental (GFL) Short Interest Ratio & Short Volume

Short interest is the volume of GFL Environmental shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 6,730,000 shares of GFL short. 2.98% of GFL Environmental's shares are currently sold short. Learn More on GFL Environmental's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GFL shares currently have a short interest ratio of 6.0. Learn More on GFL Environmental's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of GFL Environmental: SIG North Trading ULC, and Nomura Holdings Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.98% of GFL Environmental's floating shares are currently sold short.

GFL Environmental saw a decline in short interest in April. As of April 30th, there was short interest totaling 6,730,000 shares, a decline of 1.9% from the previous total of 6,860,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

GFL Environmental currently has issued a total of 371,160,000 shares. Some of GFL Environmental's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. GFL Environmental currently has a public float of 226,110,000 shares.

2.98% of GFL Environmental's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to GFL Environmental: Waste Connections, Inc. (0.47%), Gen Digital Inc. (3.26%), Core & Main, Inc. (3.79%), Morningstar, Inc. (0.67%), DocuSign, Inc. (3.75%), RB Global, Inc. (2.25%), The Interpublic Group of Companies, Inc. (4.32%), Clean Harbors, Inc. (1.04%), Rentokil Initial plc (0.99%), UiPath Inc. (4.21%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling GFL is an investing strategy that aims to generate trading profit from GFL Environmental as its price is falling. GFL shares are trading down $0.05 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for GFL Environmental occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GFL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GFL, twice per month. The most recent reporting period available is April, 30 2024.