Suruga Bank (SUGBY) Short Interest Ratio & Short Volume

Short interest is the volume of Suruga Bank shares that have been sold short but have not yet been closed out or covered. As of February 29th, investors have sold 100 shares of SUGBY short. Learn More on Suruga Bank'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. SUGBY shares currently have a short interest ratio of 1.0. Learn More on Suruga Bank's short interest ratio.

Here is how the short interest of companies in the sector of "finance" compare to Suruga Bank: Banco Latinoamericano de Comercio Exterior, S. A. (0.52%), The Bank of N.T. Butterfield & Son Limited (0.52%), Farmers & Merchants Bank of Long Beach (0.08%), Peapack-Gladstone Financial Co. (3.41%), Esquire Financial Holdings, Inc. (2.89%), Grupo Aval Acciones y Valores S.A. (0.02%), Provident Financial Services, Inc. (6.82%), S&T Bancorp, Inc. (2.62%), Nicolet Bankshares, Inc. (1.79%), Claros Mortgage Trust, Inc. (2.91%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.39 billion), General Motors ($3.88 billion), Super Micro Computer, Inc. ($3.51 billion), Charter Communications, Inc. ($3.22 billion), Occidental Petroleum Co. ($3.13 billion), Tractor Supply ($2.76 billion), Coinbase Global, Inc. ($2.63 billion), Suncor Energy Inc. ($2.48 billion), Moderna, Inc. ($2.04 billion), and Royal Caribbean Cruises Ltd. ($1.87 billion). View all of the most shorted stocks.

Short selling SUGBY is an investing strategy that aims to generate trading profit from Suruga Bank as its price is falling. 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 Suruga Bank 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 SUGBY, 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 SUGBY, twice per month. The most recent reporting period available is February, 29 2024.