Elmira Savings Bank (ESBK) Short Interest Ratio & Short Volume

Short interest is the volume of Elmira Savings Bank shares that have been sold short but have not yet been closed out or covered. As of April 30th, investors have sold 600 shares of ESBK short. 0.02% of Elmira Savings Bank's shares are currently sold short. Learn More on Elmira Savings Bank's current short interest.

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. 0.02% of Elmira Savings Bank's floating shares are currently sold short.

Elmira Savings Bank saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 600 shares, a decline of 14.3% from the previous total of 700 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.

Elmira Savings Bank currently has issued a total of 3,480,000 shares. Some of Elmira Savings Bank'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. Elmira Savings Bank currently has a public float of 2,510,000 shares.

0.02% of Elmira Savings Bank's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Elmira Savings Bank: United Bancorp, Inc. (0.18%), SB Financial Group, Inc. (0.08%), First National Co. (0.19%), Eagle Bancorp Montana, Inc. (0.12%), Auburn National Bancorporation, Inc. (0.26%), Pathfinder Bancorp, Inc. (0.12%), First US Bancshares, Inc. (0.12%), BayFirst Financial Corp. (0.48%), CB Financial Services, Inc. (0.18%), Ohio Valley Banc Corp. (0.53%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.31 billion), Charter Communications, Inc. ($3.24 billion), Lucid Group, Inc. ($2.25 billion), HP Inc. ($2.22 billion), GameStop Corp. ($1.69 billion), Carnival Co. & plc ($1.66 billion), Snap Inc. ($1.64 billion), Wayfair Inc. ($1.63 billion), Rivian Automotive, Inc. ($1.60 billion), and Upstart Holdings, Inc. ($1.53 billion). View all of the most shorted stocks.

Short selling ESBK is an investing strategy that aims to generate trading profit from Elmira Savings 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 Elmira Savings 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 ESBK, 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 ESBK, twice per month. The most recent reporting period available is April, 30 2022.