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OPEN-SOURCE SCRIPT

Short Interest, Shs Outstanding, & Short Ratio

By from0_to_1
Updated
A brief, high level study for looking at short interest volume and it's derivative, short volume ratio.

Calculated based on the symbol lookup for short data at Quandl (Example TSLA: FINRA/FNSQ_TSLA )

Definitions:
  • Short Volume = Total number of short shares traded on the major US markets each day
  • Short Volume Ratio = Total number of short shares traded divided by the total shares traded each day (lower chart)


Dependent on quality of data from Quandl / FINRA. Author takes no liability for quality / errors etc. Use at own risk.
Release Notes
April, 2021

+ Small update to this script which solves for preferred or classed shares like `BRK.A` or `BRK.B`
+ Also updated name to more accurately reflect values which are short volume, not short open interest.
Release Notes
12/2/2024:
Updating for pine v6 & because quandl data source no longer available.
Moving over to FINRA:<sym>_SHORT_VOLUME as primary feed so that indicator is somewhat functional again.

Stay tuned for further updates, noticing that the new source is not correctly handling pre/post split adjustments on short volume.

12/4/2024: Correctly split adjusted now.
shortshortinterestSHORTRATIOVolume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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from0_to_1
Disclaimer: Not a financial professional or financial advisor. Any and all publications are opinion and not investment advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.