Summit State Bank Short Interest Ratio and Short Volume

-0.35 (-2.13 %)
(As of 05/10/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume657 shs
Average Volume7,800 shs
Market Capitalization$97.73 million
P/E Ratio10.32
Dividend Yield2.92%

Short Interest

Summit State Bank (NASDAQ:SSBI) Short Interest Data

Current Short Volume2,400 shares
Previous Short Volume2,800 shares
Change Vs. Previous Month-14.29%
Dollar Volume Sold Short$39,144.00
Short Interest Ratio / Days to Cover0.3
Last Record DateApril, 15 2021
Outstanding Shares6,070,000 shares
Float Size5,030,000 shares
Short Percent of Float0.05%
Today's Trading Volume657 shares
Average Trading Volume7,800 shares
Today's Volume Vs. Average-91.58%

Short Interest Over Time

Summit State Bank (NASDAQ:SSBI) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20212,400 shares $39,144.00 -14.3%0.1%0.3$16.31
3/31/20212,800 shares $45,500.00 -40.4%0.1%0.3$16.25
3/15/20214,700 shares $75,670.00 No Change0.1%0.5$16.10
2/26/20214,700 shares $74,871.00 +14.6%0.1%0.5$15.93
2/12/20214,100 shares $60,598.00 +24.2%0.1%0.4$14.78
1/29/20213,300 shares $48,048.00 -40.0%0.1%0.4$14.56
1/15/20215,500 shares $81,891.15 No Change0.1%0.6$14.89
1/31/2020600 shares $7,806.00 -14.3%0.0%0.2$13.01
1/15/2020600 shares $7,740.00 -14.3%0.0%0.2$12.90
12/31/2019700 shares $9,075.50 -79.4%0.0%0.2$12.97

Summit State Bank (NASDAQ:SSBI) Short Interest FAQ

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What is Summit State Bank's current short interest?

Short interest is the volume of Summit State Bank shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 2,400 shares of SSBI short. 0.05% of Summit State Bank's shares are currently sold short. View details.

What is a good short interest percentage for Summit State Bank?

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. 0.05% of Summit State Bank's floating shares are currently sold short.

Is Summit State Bank's short interest increasing or decreasing?

Summit State Bank saw a decrease in short interest in April. As of April 15th, there was short interest totaling 2,400 shares, a decrease of 14.3% from the previous total of 2,800 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.

What is Summit State Bank's float size?

Summit State Bank currently has issued a total of 6,070,000 shares. Some of Summit State Bank'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. Summit State Bank currently has a public float of 5,030,000 shares.

How does Summit State Bank's short interest compare to its competitors?

0.05% of Summit State Bank's shares are currently sold short. Here is how the short interest of companies in the industry of "commercial banks, not elsewhere classified" compare to Summit State Bank: Royal Bank of Canada (0.35%), Commonwealth Bank of Australia (0.00%), The Toronto-Dominion Bank (0.33%), HDFC Bank Limited (0.30%), BNP Paribas SA (0.00%), Mitsubishi UFJ Financial Group, Inc. (0.05%), Westpac Banking Co. (0.00%), Banco Santander, S.A. (0.00%), Bank of Montreal (0.57%), and Australia and New Zealand Banking Group Limited (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Summit State Bank stock?

Short selling SSBI is an investing strategy that aims to generate trading profit from Summit State Bank as its price is falling. Summit State Bank's stock is trading down $0.35 today. To short Summit State Bank 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 Summit State Bank 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.

How does a short squeeze work against Summit State Bank?

A short squeeze for Summit State Bank 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 SSBI, which in turn drives the price of the stock up even further.

How often is Summit State Bank's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SSBI, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/11/2021 by Staff
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