Saratoga Investment - SAR Short Interest Ratio & Short Volume

Short interest is the volume of Saratoga Investment shares that have been sold short but have not yet been covered or closed out. As of February 28th, investors have sold 49,800 shares of SAR short. 0.56% of Saratoga Investment's shares are currently sold short. Learn More on Saratoga Investment'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. SAR shares currently have a short interest ratio of 1.0. Learn More on Saratoga Investment's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Saratoga Investment: Simplex Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 0.56% of Saratoga Investment's floating shares are currently sold short.

Saratoga Investment saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 49,800 shares, an increase of 22.1% from the previous total of 40,800 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.

Saratoga Investment currently has issued a total of 11,890,000 shares. Some of Saratoga Investment'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. Saratoga Investment currently has a public float of 8,820,000 shares.

0.56% of Saratoga Investment's shares are currently sold short. Here is how the short interest of companies in the industry of "investment advice" compare to Saratoga Investment: Silvercrest Asset Management Group Inc. (0.86%), Bridge Investment Group Holdings Inc. (2.56%), East Resources Acquisition (0.02%), Monroe Capital Co. (0.45%), Hywin Holdings Ltd. (0.03%), Value Line, Inc. (1.33%), ArrowMark Financial Corp. (0.22%), Westwood Holdings Group, Inc. (0.18%), Diamond Hill Investment Group, Inc. (0.95%), and Sculptor Capital Management, Inc. (1.91%).

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 SAR is an investing strategy that aims to generate trading profit from Saratoga Investment as its price is falling. SAR shares are trading up $0.45 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 Saratoga Investment 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 SAR, 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 SAR, twice per month. The most recent reporting period available is February, 28 2023.