Chemical Financial (CHFC) Short Interest Ratio & Short Volume

Short interest is the volume of Chemical Financial shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 6,729,700 shares of CHFC short. 9.52% of Chemical Financial's shares are currently sold short. Learn More on Chemical 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. CHFC shares currently have a short interest ratio of 12.0. Learn More on Chemical 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. 9.52% of Chemical Financial's floating shares are currently sold short.

Chemical Financial saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,729,700 shares, an increase of 7.2% from the previous total of 6,275,400 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.

Chemical Financial currently has issued a total of 71,550,000 shares. Some of Chemical 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. Chemical Financial currently has a public float of 70,690,000 shares.

9.52% of Chemical Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "regional banks" compare to Chemical Financial: East West Bancorp, Inc. (3.56%), First Horizon Co. (2.29%), Commerce Bancshares, Inc. (2.48%), Webster Financial Co. (1.94%), Western Alliance Bancorporation (4.17%), Pinnacle Financial Partners, Inc. (1.75%), Cullen/Frost Bankers, Inc. (3.61%), Wintrust Financial Co. (3.01%), UMB Financial Co. (4.79%), Popular, Inc. (2.30%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tableau Software Inc ($1.15 billion), Chemical Financial Co. ($274.44 million), Andeavor Logistics LP ($181.50 million), Bloom Energy Co. ($143.69 million), Barnes & Noble, Inc. ($32.60 million), and American Electric Technologies, Inc. ($394,060.00). View all of the most shorted stocks.

Short selling CHFC is an investing strategy that aims to generate trading profit from Chemical Financial 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 Chemical Financial occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CHFC, 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 CHFC, twice per month. The most recent reporting period available is July, 15 2019.