The Hartford Financial Services Group Short Interest Ratio and Short Volume

Short interest is the volume of The Hartford Financial Services Group shares that have been sold short but have not yet been covered or closed out. As of February 12th, traders have sold 4,300,000 shares of HIG short. 1.21% of The Hartford Financial Services Group's shares are currently sold short. View details.

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. The Hartford Financial Services Group currently has a short interest ratio of 2.0.

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. 1.21% of The Hartford Financial Services Group's floating shares are currently sold short.

The Hartford Financial Services Group saw a increase in short interest in February. As of February 12th, there was short interest totaling 4,300,000 shares, an increase of 10.5% from the previous total of 3,890,000 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.

The Hartford Financial Services Group currently has issued a total of 357,514,000 shares. Some of The Hartford Financial Services Group'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. The Hartford Financial Services Group currently has a public float of 355,900,000 shares.

1.21% of The Hartford Financial Services Group's shares are currently sold short. Here is how the short interest of companies in the industry of "fire, marine, & casualty insurance" compare to The Hartford Financial Services Group: The Progressive Co. (0.91%), American International Group, Inc. (1.25%), The Travelers Companies, Inc. (2.11%), Tokio Marine Holdings, Inc. Sponsored ADR (0.00%), The Allstate Co. (1.18%), MS&AD Insurance Group Holdings, Inc. (0.00%), Cincinnati Financial Co. (4.33%), Markel Co. (0.83%), Arch Capital Group Ltd. (0.97%), and Loews Co. (1.15%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling HIG is an investing strategy that aims to generate trading profit from The Hartford Financial Services Group as its price is falling. The Hartford Financial Services Group's stock is trading up $1.57 today. To short The Hartford Financial Services Group 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 The Hartford Financial Services Group 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 The Hartford Financial Services 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 HIG, 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 HIG, twice per month. The most recent reporting period available is February, 12 2021.