Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Cummins Short Ratio Assessment
Based on latest financial disclosure Cummins Inc has Short Ratio of 2.2 times. This indicator is about the same for Industrial Goods average (which is currently at 2.24) sector, and 171.6% higher than that of Diversified Machinery industry, The Short Ratio for all stocks is 60.58% lower than the firm.
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Cummins is rated below average in short ratio category among related companies.
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