Southern National Bancorp of Virginia (SONA) Short Interest Ratio & Short Volume

Short interest is the volume of Southern National Bancorp of Virginia shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 175,000 shares of SONA short. 0.86% of Southern National Bancorp of Virginia's shares are currently sold short. Learn More on Southern National Bancorp of Virginia'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. SONA shares currently have a short interest ratio of 2.0. Learn More on Southern National Bancorp of Virginia's short interest ratio.

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. 0.86% of Southern National Bancorp of Virginia's floating shares are currently sold short.

Southern National Bancorp of Virginia saw a decline in short interest in March. As of March 15th, there was short interest totaling 175,000 shares, a decline of 1.3% from the previous total of 177,300 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.

Southern National Bancorp of Virginia currently has issued a total of 24,439,000 shares. Some of Southern National Bancorp of Virginia'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. Southern National Bancorp of Virginia currently has a public float of 20,280,000 shares.

0.86% of Southern National Bancorp of Virginia's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Southern National Bancorp of Virginia: Amalgamated Financial Corp. (7.94%), First Mid Bancshares, Inc. (0.75%), CrossFirst Bankshares, Inc. (0.68%), Old Second Bancorp, Inc. (1.42%), MetroCity Bankshares, Inc. (0.82%), Central Pacific Financial Corp. (2.46%), First Community Bankshares, Inc. (1.10%), Business First Bancshares, Inc. (0.85%), Northeast Bank (2.33%), HBT Financial, Inc. (0.74%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.63 billion), Charter Communications, Inc. ($5.41 billion), Analog Devices, Inc. ($5.32 billion), Baidu, Inc. ($4.45 billion), Snap Inc. ($3.86 billion), Warner Bros. Discovery, Inc. ($3.30 billion), Airbnb, Inc. ($2.82 billion), Bilibili Inc. ($2.34 billion), GameStop Corp. ($2.24 billion), and Expedia Group, Inc. ($2.21 billion). View all of the most shorted stocks.

Short selling SONA is an investing strategy that aims to generate trading profit from Southern National Bancorp of Virginia as its price is falling. SONA shares are trading up $0.37 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 Southern National Bancorp of Virginia 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 SONA, 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 SONA, twice per month. The most recent reporting period available is March, 15 2021.