Citizens Financial Group - CFG Short Interest Ratio & Short Volume

Short interest is the volume of Citizens Financial Group shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 10,540,000 shares of CFG short. Learn More on Citizens Financial Group'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. CFG shares currently have a short interest ratio of 3.0. Learn More on Citizens Financial Group's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Citizens Financial Group: Parallax Volatility Advisers L.P., Jane Street Group LLC, Squarepoint Ops LLC, Millennium Management LLC, Point72 Asset Management L.P., Susquehanna International Group LLP, Twin Tree Management LP, Capital Fund Management S.A., JPMorgan Chase & Co., Capstone Investment Advisors LLC, Group One Trading L.P., UBS Group AG, Cutler Group LLC CA, Simplex Trading LLC, Concourse Financial Group Securities Inc., and Washington Capital Management Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Citizens Financial Group saw a decrease in short interest in February. As of February 28th, there was short interest totaling 10,540,000 shares, a decrease of 11.1% from the previous total of 11,860,000 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.

Here is how the short interest of companies in the industry of "state commercial banks" compare to Citizens Financial Group: Fifth Third Bancorp (1.97%), Northern Trust Co. (1.79%), M&T Bank Co. (1.32%), Deutsche Bank Aktiengesellschaft (0.56%), East West Bancorp, Inc. (1.54%), First Citizens BancShares, Inc. (2.02%), Commerce Bancshares, Inc. (1.77%), Ally Financial Inc. (5.29%), Banco Bradesco S.A. (0.00%), and SVB Financial Group (5.41%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling CFG is an investing strategy that aims to generate trading profit from Citizens Financial Group as its price is falling. CFG shares are trading down $2.06 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 Citizens Financial Group 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 CFG, 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 CFG, twice per month. The most recent reporting period available is February, 28 2023.