Union Bankshares (UNB) Short Interest Ratio & Short Volume

Short interest is the volume of Union Bankshares shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 22,300 shares of UNB short. 0.59% of Union Bankshares' shares are currently sold short. Learn More on Union Bankshares' 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. UNB shares currently have a short interest ratio of 3.0. Learn More on Union Bankshares'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. 0.59% of Union Bankshares' floating shares are currently sold short.

Union Bankshares saw a increase in short interest in October. As of October 31st, there was short interest totaling 22,300 shares, an increase of 89.0% from the previous total of 11,800 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.

Union Bankshares currently has issued a total of 4,507,000 shares. Some of Union Bankshares' 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. Union Bankshares currently has a public float of 3,750,000 shares.

0.59% of Union Bankshares' shares are currently sold short. Here is how the short interest of companies compare to Union Bankshares: Partners Bancorp (0.21%), Riverview Bancorp, Inc. (0.30%), Richmond Mutual Bancorporation, Inc. (0.17%), First United Co. (0.13%), United Security Bancshares (0.68%), First Community Co. (1.23%), Citizens Community Bancorp, Inc. (0.09%), CB Financial Services, Inc. (0.22%), First Northwest Bancorp (0.42%), First Guaranty Bancshares, Inc. (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling UNB is an investing strategy that aims to generate trading profit from Union Bankshares as its price is falling. UNB shares are trading down $0.47 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 Union Bankshares 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 UNB, 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 UNB, twice per month. The most recent reporting period available is October, 31 2023.