EXFO Inc Short ratio
What is the Short ratio of EXFO Inc?
The Short ratio of EXFO Inc is 0.21
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 Technology sector on NASDAQ compared to EXFO Inc
What does EXFO Inc do?
EXFO develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. The customers count on us to deliver superior network performance, service reliability and subscriber insights. They count on its unique blend of equipment, software and services to accelerate digital transformations related to fibre, 4G/LTE and 5G deployments. They count on its expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. The Company has spent over 35 years earning this trust, and today 1,900 EXFO employees in over 25 countries work side by side with the customers in the lab, field, data center and beyond.
Companies with short ratio similar to EXFO Inc
- Mantaro Silver has Short ratio of 0.20
- Founders Advantage Capital has Short ratio of 0.20
- Decklar Resources has Short ratio of 0.20
- First Midwest has Short ratio of 0.20
- Sprott Physical Uranium Trust U has Short ratio of 0.20
- FLJ Ltd has Short ratio of 0.20
- EXFO Inc has Short ratio of 0.21
- Aquila Resources has Short ratio of 0.22
- G Medical Innovations has Short ratio of 0.22
- StorageVault Canada has Short ratio of 0.22
- Cypress Development has Short ratio of 0.22
- Empire State Realty OP LP has Short ratio of 0.22
- Angkor Resources has Short ratio of 0.22