Unique Fabricating Inc Short ratio
What is the Short ratio of Unique Fabricating Inc?
The Short ratio of Unique Fabricating Inc is 0.42
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 Consumer Discretionary sector on NYSEMKT compared to Unique Fabricating Inc
What does Unique Fabricating Inc do?
•cost estimating of various parts based on material, labor and packaging •step-by-step labor cost analysis •packaging pattern/design •packaging cost configuration •cost breakdowns of the parts and tooling for different costumers •automating tasks and generating reports using microsoft excel •report analysis to generate profit margins per different jobs
Companies with short ratio similar to Unique Fabricating Inc
- I-Minerals has Short ratio of 0.41
- Pluribus Technologies Corp has Short ratio of 0.41
- Winston Capital has Short ratio of 0.41
- Far Peak Acquisition Corp has Short ratio of 0.41
- CynergisTek Inc has Short ratio of 0.41
- National General Corp has Short ratio of 0.41
- Unique Fabricating Inc has Short ratio of 0.42
- Mastech Digital Inc has Short ratio of 0.43
- First Cobalt has Short ratio of 0.43
- Formula Systems (1985) has Short ratio of 0.43
- Majestic Gold has Short ratio of 0.43
- Plateau Metals has Short ratio of 0.43
- High Income Securities Fund has Short ratio of 0.43