Chemung Financial (CHMG) Short Interest Ratio & Short Volume

Short interest is the volume of Chemung Financial shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 15,200 shares of CHMG short. 0.42% of Chemung Financial's shares are currently sold short. Learn More on Chemung Financial'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. CHMG shares currently have a short interest ratio of 2.0. Learn More on Chemung Financial's short interest ratio.

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. 0.42% of Chemung Financial's floating shares are currently sold short.

Chemung Financial saw a increase in short interest in April. As of April 15th, there was short interest totaling 15,200 shares, an increase of 2.0% from the previous total of 14,900 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.

Chemung Financial currently has issued a total of 4,750,000 shares. Some of Chemung 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. Chemung Financial currently has a public float of 3,610,000 shares.

0.42% of Chemung Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to Chemung Financial: USCB Financial Holdings, Inc. (0.40%), Oak Valley Bancorp (2.16%), Citizens Financial Services, Inc. (0.51%), FVCBankcorp, Inc. (0.62%), Bankwell Financial Group, Inc. (1.51%), Southern States Bancshares, Inc. (0.55%), Parke Bancorp, Inc. (0.69%), Norwood Financial Corp. (1.22%), PCB Bancorp (0.50%), ChoiceOne Financial Services, Inc. (1.63%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling CHMG is an investing strategy that aims to generate trading profit from Chemung Financial as its price is falling. CHMG shares are trading down $0.44 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 Chemung Financial 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 CHMG, 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 CHMG, twice per month. The most recent reporting period available is April, 15 2024.