The most recent short interest data has been released by the NASDAQ for the 12/31/2013 settlement date, which shows a 1,389,098 share increase in total short interest for NCR Corp. (NCR), to 8,434,511, an increase of 19.72% since 12/13/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for NCR at the 12/31/2013 settlement decreased to 1,822,639, as compared to 3,161,396 at the 12/13/2013 report. That brought "days to cover" up to 4.63, a 107.65% increase from the 2.23 days to cover calculated at the previous short interest data release.
NCR Stock Sees Short Interest Jump 19.7%
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.