Level One Bancorp (LEVL) Short Interest Ratio & Short Volume

Short interest is the volume of Level One Bancorp shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 11,200 shares of LEVL short. 0.23% of Level One Bancorp's shares are currently sold short. Learn More on Level One Bancorp'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. 0.23% of Level One Bancorp's floating shares are currently sold short.

Level One Bancorp saw a decline in short interest in March. As of March 15th, there was short interest totaling 11,200 shares, a decline of 37.4% from the previous total of 17,900 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.

Level One Bancorp currently has issued a total of 7,788,000 shares. Some of Level One Bancorp'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. Level One Bancorp currently has a public float of 4,900,000 shares.

0.23% of Level One Bancorp's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Level One Bancorp: Origin Bancorp, Inc. (1.56%), Premier Financial Corp. (1.11%), CrossFirst Bankshares, Inc. (0.68%), Equity Bancshares, Inc. (0.75%), Blue Ridge Bankshares, Inc. (1.18%), Colony Bankcorp, Inc. (0.67%), First Financial Northwest, Inc. (1.48%), Bank of South Carolina Co. (0.08%), BM Technologies, Inc. (14.00%), Citizens Holding (0.35%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($6.96 billion), Charter Communications, Inc. ($5.13 billion), Palo Alto Networks, Inc. ($4.41 billion), Occidental Petroleum Corporation ($2.91 billion), Lucid Group, Inc. ($2.40 billion), Wayfair Inc. ($2.01 billion), Live Nation Entertainment, Inc. ($1.85 billion), HP Inc. ($1.84 billion), Avis Budget Group, Inc. ($1.68 billion), and Rivian Automotive, Inc. ($1.66 billion). View all of the most shorted stocks.

Short selling LEVL is an investing strategy that aims to generate trading profit from Level One Bancorp 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 Level One Bancorp 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 LEVL, 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 LEVL, twice per month. The most recent reporting period available is March, 15 2022.