South Jersey Industries (SJI) Short Interest Ratio & Short Volume

Short interest is the volume of South Jersey Industries shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 8,730,000 shares of SJI short. Learn More on South Jersey Industries' 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. SJI shares currently have a short interest ratio of 5.0. Learn More on South Jersey Industries's short interest ratio.

South Jersey Industries saw a increase in short interest in January. As of January 15th, there was short interest totaling 8,730,000 shares, an increase of 17.7% from the previous total of 7,420,000 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 sector of "utilities" compare to South Jersey Industries: New Jersey Resources Co. (2.47%), National Fuel Gas (2.94%), Northwest Natural Holding (1.84%), Portland General Electric (5.02%), Algonquin Power & Utilities Corp. (1.71%), Enel Chile S.A. (0.07%), IDACORP, Inc. (2.72%), Companhia Paranaense de Energia - COPEL (0.69%), MDU Resources Group, Inc. (1.44%), Black Hills Co. (4.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling SJI is an investing strategy that aims to generate trading profit from South Jersey Industries 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 South Jersey Industries occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SJI, 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 SJI, twice per month. The most recent reporting period available is January, 15 2023.