First Merchants (FRME) Short Interest Ratio & Short Volume

Short interest is the volume of First Merchants shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 504,600 shares of FRME short. Learn More on First Merchants' 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. FRME shares currently have a short interest ratio of 2.0. Learn More on First Merchants's short interest ratio.

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

First Merchants saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 504,600 shares, a decline of 7.2% from the previous total of 543,500 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.

Here is how the short interest of companies in the sector of "finance" compare to First Merchants: First Financial Bancorp. (1.37%), The Bancorp, Inc. (9.35%), Simmons First National Co. (2.07%), Community Bank System, Inc. (3.40%), WesBanco, Inc. (1.43%), Trustmark Co. (2.92%), NBT Bancorp Inc. (2.44%), Fulton Financial Co. (5.00%), City Holding (6.56%), First Commonwealth Financial Co. (1.14%),

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 FRME is an investing strategy that aims to generate trading profit from First Merchants as its price is falling. FRME shares are trading down $0.08 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 First Merchants 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 FRME, 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 FRME, twice per month. The most recent reporting period available is March, 31 2024.