Salem Media Group (SALM) Short Interest Ratio & Short Volume

Short interest is the volume of Salem Media Group shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 198,600 shares of SALM short. 1.58% of Salem Media Group's shares are currently sold short. Learn More on Salem Media Group'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. SALM shares currently have a short interest ratio of 1.0. Learn More on Salem Media Group'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. 1.58% of Salem Media Group's floating shares are currently sold short.

Salem Media Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 198,600 shares, an increase of 90.8% from the previous total of 104,100 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.

Salem Media Group currently has issued a total of 27,215,000 shares. Some of Salem Media 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. Salem Media Group currently has a public float of 12,540,000 shares.

1.58% of Salem Media Group's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Salem Media Group: Beasley Broadcast Group, Inc. (0.32%), EpicQuest Education Group International Limited (0.06%), Barnes & Noble Education, Inc. (3.86%), Charles & Colvard, Ltd. (0.42%), Dogness (International) Co. (1.66%), Chanson International Holding (0.01%), Cineverse Corp. (1.94%), Motorsport Games Inc. (9.28%), Super League Enterprise, Inc. (2.46%), Golden Heaven Group Holdings Ltd. (7.58%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling SALM is an investing strategy that aims to generate trading profit from Salem Media Group as its price is falling. SALM shares are trading up $0.07 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 Salem Media 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 SALM, 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 SALM, twice per month. The most recent reporting period available is January, 15 2024.