Sirius XM (SIRI) Short Interest Ratio & Short Volume

Short interest is the volume of Sirius XM shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 176,730,000 shares of SIRI short. 28.36% of Sirius XM's shares are currently sold short. Learn More on Sirius XM'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. SIRI shares currently have a short interest ratio of 12.0. Learn More on Sirius XM's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sirius XM: Citigroup Inc., Walleye Trading LLC, Walleye Capital LLC, GTS Securities LLC, Tudor Investment Corp Et Al, Wolverine Trading LLC, Aristeia Capital LLC, Bluefin Capital Management LLC, Pentwater Capital Management LP, Nomura Holdings Inc., Marathon Trading Investment Management LLC, Ursa Fund Management LLC, Cowen Investment Management LLC, HAP Trading LLC, Group One Trading L.P., Citigroup Inc., UBS Group AG, Cutler Group LLC CA, Belvedere Trading LLC, XR Securities LLC, Concourse Financial Group Securities Inc., National Bank of Canada FI, and Bluefin Capital Management LLC. 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. 28.36% of Sirius XM's floating shares are currently sold short.

Sirius XM saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 176,730,000 shares, an increase of 3.3% from the previous total of 171,090,000 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.

Sirius XM currently has issued a total of 3,838,940,000 shares. Some of Sirius XM'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. Sirius XM currently has a public float of 623,260,000 shares.

28.36% of Sirius XM's shares are currently sold short. Here is how the short interest of companies compare to Sirius XM: Paramount Global (0.00%), News Co. (6.09%), News Co. (2.89%), The Interpublic Group of Companies, Inc. (3.39%), Take-Two Interactive Software, Inc. (2.67%), Chunghwa Telecom Co., Ltd. (0.05%), Manchester United plc (3.45%), iHeartMedia, Inc. (3.46%), Urban One, Inc. (0.07%), Townsquare Media, Inc. (2.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling SIRI is an investing strategy that aims to generate trading profit from Sirius XM as its price is falling. SIRI shares are trading down $0.07 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 Sirius XM 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 SIRI, 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 SIRI, twice per month. The most recent reporting period available is November, 15 2023.