Sonoco Products (SON) Short Interest Ratio & Short Volume

Short interest is the volume of Sonoco Products shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 927,300 shares of SON short. 0.95% of Sonoco Products' shares are currently sold short. Learn More on Sonoco Products' 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. SON shares currently have a short interest ratio of 2.0. Learn More on Sonoco Products's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sonoco Products: PEAK6 Investments LLC, Private Advisor Group 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. 0.95% of Sonoco Products' floating shares are currently sold short.

Sonoco Products saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 927,300 shares, a drop of 0.7% from the previous total of 934,100 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.

Sonoco Products currently has issued a total of 97,956,000 shares. Some of Sonoco Products' 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. Sonoco Products currently has a public float of 97,120,000 shares.

0.95% of Sonoco Products' shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Sonoco Products: Graphic Packaging Holding (4.40%), Packaging Co. of America (1.86%), Chart Industries, Inc. (15.44%), The Timken Company (2.40%), MSC Industrial Direct Co., Inc. (3.69%), Zurn Elkay Water Solutions Co. (4.73%), Flowserve Co. (1.01%), ADT Inc. (4.29%), Casella Waste Systems, Inc. (2.64%), Atkore Inc. (12.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling SON is an investing strategy that aims to generate trading profit from Sonoco Products as its price is falling. SON shares are trading down $0.55 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 Sonoco Products 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 SON, 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 SON, twice per month. The most recent reporting period available is November, 15 2023.