Spirit of Texas Bancshares (STXB) Short Interest Ratio & Short Volume

Short interest is the volume of Spirit of Texas Bancshares shares that have been sold short but have not yet been closed out or covered. As of March 15th, traders have sold 97,100 shares of STXB short. 0.74% of Spirit of Texas Bancshares' shares are currently sold short. Learn More on Spirit of Texas Bancshares' 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. STXB shares currently have a short interest ratio of 1.0. Learn More on Spirit of Texas Bancshares'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. 0.74% of Spirit of Texas Bancshares' floating shares are currently sold short.

Spirit of Texas Bancshares saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 97,100 shares, a decrease of 16.6% from the previous total of 116,400 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.

Spirit of Texas Bancshares currently has issued a total of 17,456,000 shares. Some of Spirit of Texas Bancshares' 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. Spirit of Texas Bancshares currently has a public float of 13,040,000 shares.

0.74% of Spirit of Texas Bancshares' shares are currently sold short. Here is how the short interest of companies compare to Spirit of Texas Bancshares: Washington Trust Bancorp, Inc. (3.44%), First Financial Co. (0.55%), HarborOne Bancorp, Inc. (1.01%), South Plains Financial, Inc. (0.44%), Capital City Bank Group, Inc. (0.33%), Metropolitan Bank Holding Corp. (5.98%), CapStar Financial Holdings, Inc. (1.69%), Farmers National Banc Corp. (1.49%), CNB Financial Co. (0.32%), Macatawa Bank Co. (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($6.96 billion), Charter Communications, Inc. ($5.13 billion), Palo Alto Networks, Inc. ($4.41 billion), Occidental Petroleum Co. ($2.91 billion), Lucid Group, Inc. ($2.40 billion), Wayfair Inc. ($2.01 billion), Live Nation Entertainment, Inc. ($1.85 billion), HP Inc. ($1.84 billion), Avis Budget Group, Inc. ($1.68 billion), and Rivian Automotive, Inc. ($1.66 billion). View all of the most shorted stocks.

Short selling STXB is an investing strategy that aims to generate trading profit from Spirit of Texas Bancshares as its price is falling. 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 Spirit of Texas Bancshares 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 STXB, 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 STXB, twice per month. The most recent reporting period available is March, 15 2022.