Unum Group Short Interest Ratio and Short Volume

Short interest is the volume of Unum Group shares that have been sold short but have not yet been closed out or covered. As of January 29th, traders have sold 5,670,000 shares of UNM short. 2.80% of Unum Group's shares are currently sold short. View details.

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. Unum Group currently has a short interest ratio of 2.0.

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. 2.80% of Unum Group's floating shares are currently sold short.

Unum Group saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 5,670,000 shares, an increase of 1.6% from the previous total of 5,580,000 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.

Unum Group currently has issued a total of 203,731,000 shares. Some of Unum Group'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. Unum Group currently has a public float of 202,260,000 shares.

2.80% of Unum Group's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "life & health insurance" compare to Unum Group: MetLife, Inc. (1.93%), Prudential Financial, Inc. (1.09%), Aflac Incorporated (0.95%), Lincoln National Co. (3.36%), Primerica, Inc. (1.23%), CNO Financial Group, Inc. (2.47%), American Equity Investment Life Holding (4.46%), FBL Financial Group, Inc. (2.80%), National Western Life Group, Inc. (0.64%), and Independence Holding (1.22%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon Plc ($5.34 billion), Charter Communications, Inc. ($5.03 billion), ViacomCBS Inc. ($4.99 billion), DuPont de Nemours, Inc. ($4.72 billion), Analog Devices, Inc. ($4.57 billion), Snap Inc. ($3.87 billion), Moderna, Inc. ($3.58 billion), Futu Holdings Limited ($2.75 billion), Snowflake Inc. ($2.43 billion), and Palantir Technologies Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling UNM is an investing strategy that aims to generate trading profit from Unum Group as its price is falling. Unum Group's stock is trading down $0.62 today. To short Unum Group 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 Unum Group 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 Unum Group 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 UNM, 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 UNM, twice per month. The most recent reporting period available is January, 29 2021.