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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Short Interest Ratio

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fshary
Posted : Wednesday, December 19, 2012 9:20:01 PM
Registered User
Joined: 6/15/2011
Posts: 54

Hi can you please help me with a formula for number of shares shorted  expressed as a percentage of the total float .

I know that there is a short interest ratio available to be added on as a column but the short interest expressed as a percentage of total float would be really helpful

 

Kind Regards  
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Bruce_L
Posted : Thursday, December 20, 2012 8:55:22 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You could divide the Latest Short Interest Ratio by Latest Float in StockFinder Platinum, but there is not a way to do so in either version of TC2000. Based on the definitions of the available Morningstar Fundamentals, I am not quite sure it would give you the desired value if you were to do so however.

Latest Float - Latest shares outstanding minus shares held by insiders.

Latest Short Interest Ratio - Derived by dividing the short interest by the average daily volume of the stock.

Morningstar does not indicate the period of the Moving Average of Volume used to calculate the Short Interest Ratio (and I have not been able to get this information). So you can multiply the Latest Short Interest Ratio by a Moving Average of Volume, but it will not necessarily be the same period as is being used by Morningstar.


-Bruce
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