1st Source (SRCE) Short Interest Ratio & Short Volume

Short interest is the volume of 1st Source shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 156,200 shares of SRCE short. 0.81% of 1st Source's shares are currently sold short. Learn More on 1st Source'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. SRCE shares currently have a short interest ratio of 2.0. Learn More on 1st Source's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of 1st Source: Simplex Trading 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. 0.81% of 1st Source's floating shares are currently sold short.

1st Source saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 156,200 shares, a decline of 12.7% from the previous total of 179,000 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.

1st Source currently has issued a total of 24,460,000 shares. Some of 1st Source'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. 1st Source currently has a public float of 19,210,000 shares.

0.81% of 1st Source's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to 1st Source: First Busey Co. (1.85%), S&T Bancorp, Inc. (2.40%), TriCo Bancshares (1.04%), Stock Yards Bancorp, Inc. (6.67%), Veritex Holdings, Inc. (2.22%), Preferred Bank (7.96%), First Bancorp (2.70%), Peoples Bancorp Inc. (1.95%), Enterprise Financial Services Corp (1.63%), German American Bancorp, Inc. (3.85%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling SRCE is an investing strategy that aims to generate trading profit from 1st Source as its price is falling. SRCE shares are trading down $1.82 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 1st Source 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 SRCE, 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 SRCE, twice per month. The most recent reporting period available is April, 15 2024.