Southern - SO Short Interest Ratio & Short Volume

Short interest is the volume of Southern shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 11,540,000 shares of SO short. Learn More on Southern'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. SO shares currently have a short interest ratio of 3.0. Learn More on Southern's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Southern: Parallax Volatility Advisers L.P., Point72 Middle East FZE, Jane Street Group LLC, Millennium Management LLC, Maven Securities LTD, Point72 Hong Kong Ltd, Susquehanna International Group LLP, Verition Fund Management LLC, Wells Fargo & Company MN, Capital Fund Management S.A., JPMorgan Chase & Co., QVR LLC, Bank of America Corp DE, Capstone Investment Advisors LLC, Group One Trading L.P., IMC Chicago LLC, UBS Group AG, SpiderRock Advisors LLC, LPL Financial LLC, Cutler Group LLC CA, Simplex Trading LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Southern saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 11,540,000 shares, an increase of 13.0% from the previous total of 10,210,000 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 "electric services" compare to Southern: Eversource Energy (1.26%), Edison International (2.23%), FirstEnergy Corp. (1.30%), Entergy Co. (0.97%), PPL Co. (1.63%), NextEra Energy, Inc. (0.79%), Dominion Energy, Inc. (0.82%), American Electric Power Company, Inc. (1.26%), DTE Energy (0.83%), and Fortis Inc. (1.69%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling SO is an investing strategy that aims to generate trading profit from Southern as its price is falling. SO shares are trading up $0.52 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 Southern 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 SO, 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 SO, twice per month. The most recent reporting period available is March, 15 2023.