South Plains Financial (SPFI) Short Interest Ratio & Short Volume

Short interest is the volume of South Plains Financial shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 40,800 shares of SPFI short. 0.35% of South Plains Financial's shares are currently sold short. Learn More on South Plains Financial's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SPFI shares currently have a short interest ratio of 1.0. Learn More on South Plains Financial's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.35% of South Plains Financial's floating shares are currently sold short.

South Plains Financial saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 40,800 shares, a drop of 13.7% from the previous total of 47,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

South Plains Financial currently has issued a total of 16,420,000 shares. Some of South Plains Financial's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. South Plains Financial currently has a public float of 11,730,000 shares.

0.35% of South Plains Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to South Plains Financial: First Financial Co. (0.60%), Washington Trust Bancorp, Inc. (3.85%), Farmers National Banc Corp. (1.19%), Capital City Bank Group, Inc. (0.30%), HarborOne Bancorp, Inc. (1.02%), Macatawa Bank Co. (0.49%), CNB Financial Co. (0.30%), Midland States Bancorp, Inc. (1.32%), Five Star Bancorp (0.53%), Heritage Commerce Corp (1.28%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling SPFI is an investing strategy that aims to generate trading profit from South Plains Financial as its price is falling. SPFI shares are trading down $0.71 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for South Plains Financial occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SPFI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SPFI, twice per month. The most recent reporting period available is May, 15 2024.