Tuesday Morning Short ratio
What is the Short ratio of Tuesday Morning?
The Short ratio of Tuesday Morning Corporation is 0.66
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 Staples sector on OTC compared to Tuesday Morning
What does Tuesday Morning do?
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, pet supplies, bath and body products, toys, and seasonal décor products. As of June 30, 2020, it operated approximately 685 stores in 39 states. The company was founded in 1974 and is headquartered in Dallas, Texas. On May 27, 2020, Tuesday Morning Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.
Companies with short ratio similar to Tuesday Morning
- Neuberger Berman New York Municipal Fund Inc has Short ratio of 0.65
- XAU Resources has Short ratio of 0.65
- Nuveen Select Maturities Municipal Fund has Short ratio of 0.65
- Technology & Telecommunication Acquisition Unit has Short ratio of 0.65
- Spar has Short ratio of 0.65
- Brookfield Global Infrastructure Securities Income Fund has Short ratio of 0.65
- Tuesday Morning has Short ratio of 0.66
- Theralase Technologies has Short ratio of 0.67
- Kodiak Copper has Short ratio of 0.67
- Numinus Wellness Inc has Short ratio of 0.67
- Cervus Equipment has Short ratio of 0.67
- Flow Beverage has Short ratio of 0.67
- Drone Delivery Canada has Short ratio of 0.67