South Plains Financial (SPFI) Short Interest Ratio & Short Volume

Short interest is the volume of South Plains Financial shares that have been sold short but have not yet been closed out or covered. As of April 30th, investors have sold 47,300 shares of SPFI short. 0.39% of South Plains Financial's shares are currently sold short. Learn More on South Plains 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. SPFI shares currently have a short interest ratio of 2.0. Learn More on South Plains 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. 0.39% of South Plains Financial's floating shares are currently sold short.

South Plains Financial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 47,300 shares, an increase of 11.8% from the previous total of 42,300 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.

South Plains Financial currently has issued a total of 16,430,000 shares. Some of South Plains 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. South Plains Financial currently has a public float of 12,220,000 shares.

0.39% of South Plains Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to South Plains Financial: Washington Trust Bancorp, Inc. (3.85%), First Financial Co. (0.62%), Farmers National Banc Corp. (1.40%), Capital City Bank Group, Inc. (0.30%), Metropolitan Bank Holding Corp. (6.05%), HarborOne Bancorp, Inc. (0.96%), CNB Financial Co. (0.35%), Macatawa Bank Co. (0.55%), Heritage Commerce Corp (1.45%), Midland States Bancorp, Inc. (1.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling SPFI is an investing strategy that aims to generate trading profit from South Plains Financial as its price is falling. SPFI shares are trading down $0.18 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 South Plains 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 SPFI, 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 SPFI, twice per month. The most recent reporting period available is April, 30 2024.