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Synovus Financial Short Interest Ratio and Short Volume

+1.20 (+2.58 %)
(As of 05/13/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume1.25 million shs
Average Volume941,301 shs
Market Capitalization$7.10 billion
P/E Ratio20.77
Dividend Yield2.83%

Short Interest

Synovus Financial (NYSE:SNV) Short Interest Data

Current Short Volume1,650,000 shares
Previous Short Volume2,090,000 shares
Change Vs. Previous Month-21.05%
Dollar Volume Sold Short$76.43 million
Short Interest Ratio / Days to Cover1.7
Last Record DateApril, 15 2021
Outstanding Shares156,870,000 shares
Float Size147,710,000 shares
Short Percent of Float1.12%
Today's Trading Volume1,249,205 shares
Average Trading Volume941,301 shares
Today's Volume Vs. Average32.71%

Short Interest Over Time

Synovus Financial (NYSE:SNV) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20211,650,000 shares $76.43 million -21.1%1.1%1.7$46.32
3/31/20212,090,000 shares $96.83 million +20.1%1.4%2.1$46.33
3/15/20211,740,000 shares $85.92 million -0.6%1.2%1.8$49.38
2/26/20211,750,000 shares $75.44 million -15.9%1.2%1.8$43.11
2/12/20212,080,000 shares $85.13 million +24.6%1.4%2.2$40.93
1/29/20211,670,000 shares $63.08 million -2.9%1.1%1.6$37.77
1/15/20211,720,000 shares $66.68 million -1.2%1.2%1.6$38.77
12/31/20201,740,000 shares $56.36 million -25.6%1.2%1.6$32.39
12/15/20202,340,000 shares $75.56 million -5.7%1.6%2$32.29
11/30/20202,480,000 shares $81.42 million -5.7%1.7%2$32.83
11/15/20202,630,000 shares $77.87 million +3.1%1.8%2.1$29.61
10/30/20202,550,000 shares $65.10 million -6.6%1.7%2.1$25.53
10/15/20202,730,000 shares $64.62 million -21.6%1.9%2.3$23.67
9/30/20203,480,000 shares $73.67 million +1.5%2.4%2.8$21.17
9/15/20203,430,000 shares $76.45 million +1.2%2.4%2.6$22.29
8/31/20203,390,000 shares $74.14 million -0.3%2.3%2.5$21.87
8/14/20203,400,000 shares $75.24 million -11.0%2.3%2.2$22.13
7/31/20203,820,000 shares $76.97 million -4.7%2.6%2.1$20.15
7/15/20204,010,000 shares $73.86 million -10.3%2.8%2$18.42
6/30/20204,470,000 shares $91.77 million +13.2%3.1%2.1$20.53
6/15/20203,950,000 shares $88.01 million +12.5%2.7%1.7$22.28
5/29/20203,510,000 shares $70.73 million -35.8%2.4%1.4$20.15
5/15/20205,470,000 shares $89.98 million +11.0%3.8%2.2$16.45
4/30/20204,930,000 shares $111.76 million +26.7%3.4%2.1$22.67
4/15/20203,890,000 shares $65.27 million -3.5%2.7%1.7$16.78

Synovus Financial (NYSE:SNV) Short Interest FAQ

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What is Synovus Financial's current short interest?

Short interest is the volume of Synovus Financial shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 1,650,000 shares of SNV short. 1.12% of Synovus Financial's shares are currently sold short. View details.

What is a good short interest ratio for Synovus Financial?

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. Synovus Financial currently has a short interest ratio of 2.0.

What is a good short interest percentage for Synovus Financial?

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. 1.12% of Synovus Financial's floating shares are currently sold short.

Is Synovus Financial's short interest increasing or decreasing?

Synovus Financial saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,650,000 shares, a drop of 21.1% from the previous total of 2,090,000 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.

What is Synovus Financial's float size?

Synovus Financial currently has issued a total of 148,600,000 shares. Some of Synovus Financial'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. Synovus Financial currently has a public float of 147,710,000 shares.

How does Synovus Financial's short interest compare to its competitors?

1.12% of Synovus Financial's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "regional banks" compare to Synovus Financial: The PNC Financial Services Group, Inc. (1.38%), Truist Financial Co. (0.77%), First Republic Bank (0.00%), SVB Financial Group (0.00%), Fifth Third Bancorp (0.99%), KeyCorp (1.36%), Regions Financial Co. (1.99%), M&T Bank Co. (3.13%), Huntington Bancshares Incorporated (4.29%), and Signature Bank (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Synovus Financial stock?

Short selling SNV is an investing strategy that aims to generate trading profit from Synovus Financial as its price is falling. Synovus Financial's stock is trading up $1.20 today. To short Synovus Financial 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 Synovus Financial 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.

How does a short squeeze work against Synovus Financial?

A short squeeze for Synovus Financial 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 SNV, which in turn drives the price of the stock up even further.

How often is Synovus Financial's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SNV, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/14/2021 by Staff
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