SBA Communications - SBAC Short Interest Ratio & Short Volume

Short interest is the volume of SBA Communications shares that have been sold short but have not yet been covered or closed out. As of February 28th, traders have sold 1,250,000 shares of SBAC short. 1.17% of SBA Communications' shares are currently sold short. Learn More on SBA Communications' 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. SBAC shares currently have a short interest ratio of 2.0. Learn More on SBA Communications's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SBA Communications: Point72 Middle East FZE, Susquehanna International Group LLP, Twin Tree Management LP, Capstone Investment Advisors LLC, Simplex Trading LLC, and 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. 1.17% of SBA Communications' floating shares are currently sold short.

SBA Communications saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,250,000 shares, an increase of 10.6% from the previous total of 1,130,000 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.

SBA Communications currently has issued a total of 108,039,000 shares. Some of SBA Communications' 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. SBA Communications currently has a public float of 106,880,000 shares.

1.17% of SBA Communications' shares are currently sold short. Here is how the short interest of companies in the industry of "real estate investment trusts" compare to SBA Communications: Crown Castle Inc. (0.81%), Digital Realty Trust, Inc. (4.29%), AvalonBay Communities, Inc. (1.67%), VICI Properties Inc. (2.69%), Equity Residential (1.73%), Alexandria Real Estate Equities, Inc. (1.09%), Extra Space Storage Inc. (3.56%), Welltower Inc. (2.47%), Simon Property Group, Inc. (1.73%), and Ventas, Inc. (2.35%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling SBAC is an investing strategy that aims to generate trading profit from SBA Communications as its price is falling. SBAC shares are trading down $8.63 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 SBA Communications 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 SBAC, 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 SBAC, twice per month. The most recent reporting period available is February, 28 2023.