Donegal Group (DGICB) Short Interest Ratio & Short Volume

Short interest is the volume of Donegal Group shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 2,700 shares of DGICB short. 0.31% of Donegal Group's shares are currently sold short. Learn More on Donegal Group'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. DGICB shares currently have a short interest ratio of 2.0. Learn More on Donegal Group's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Donegal Group: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 0.31% of Donegal Group's floating shares are currently sold short.

Donegal Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,700 shares, an increase of 200.0% from the previous total of 900 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.

Donegal Group currently has issued a total of 33,390,000 shares. Some of Donegal Group'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. Donegal Group currently has a public float of 866,700 shares.

0.31% of Donegal Group's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Donegal Group: Greenlight Capital Re, Ltd. (1.72%), Donegal Group Inc. (1.66%), Hippo Holdings Inc. (9.20%), James River Group Holdings, Ltd. (2.35%), United Fire Group, Inc. (0.59%), NI Holdings, Inc. (0.40%), Universal Insurance Holdings, Inc. (1.26%), Heritage Insurance Holdings, Inc. (3.51%), Tiptree Inc. (1.15%), Maiden Holdings, Ltd. (2.47%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling DGICB is an investing strategy that aims to generate trading profit from Donegal Group as its price is falling. DGICB shares are trading down $0.24 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 Donegal Group 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 DGICB, 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 DGICB, twice per month. The most recent reporting period available is March, 31 2024.