Southern Michigan Bancorp (SOMC) Short Interest Ratio & Short Volume

Short interest is the volume of Southern Michigan Bancorp shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 100 shares of SOMC short. Learn More on Southern Michigan Bancorp's current short interest.

Southern Michigan Bancorp saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 100 shares, a decline of 75.0% from the previous total of 400 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 "state commercial banks" compare to Southern Michigan Bancorp: Prime Meridian Holding (0.00%), United Bancorp, Inc. (0.18%), Peoples Financial Co. (0.00%), Security Federal Co. (0.00%), QNB Corp. (0.03%), Citizens Bancshares Co. (0.01%), Dimeco, Inc. (0.01%), University Bancorp, Inc. (0.00%), SB Financial Group, Inc. (0.08%), Pinnacle Bank (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Cummins Inc. ($8.93 billion), Canadian Natural Resources Limited ($7.79 billion), Super Micro Computer, Inc. ($4.31 billion), T-Mobile US, Inc. ($4.00 billion), General Motors ($3.36 billion), Occidental Petroleum Co. ($3.10 billion), Charter Communications, Inc. ($2.92 billion), Coinbase Global, Inc. ($2.74 billion), Tractor Supply ($2.72 billion), and Moderna, Inc. ($2.31 billion). View all of the most shorted stocks.

Short selling SOMC is an investing strategy that aims to generate trading profit from Southern Michigan Bancorp 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 Southern Michigan Bancorp 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 SOMC, 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 SOMC, twice per month. The most recent reporting period available is March, 15 2024.