Burke & Herbert Financial Services (BHRB) Short Interest Ratio & Short Volume

Short interest is the volume of Burke & Herbert Financial Services shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 124,700 shares of BHRB short. 0.93% of Burke & Herbert Financial Services' shares are currently sold short. Learn More on Burke & Herbert Financial Services' 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. BHRB shares currently have a short interest ratio of 2.0. Learn More on Burke & Herbert Financial Services'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. 0.93% of Burke & Herbert Financial Services' floating shares are currently sold short.

Burke & Herbert Financial Services saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 124,700 shares, a decrease of 8.8% from the previous total of 136,800 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.

Burke & Herbert Financial Services currently has issued a total of 14,970,000 shares. Some of Burke & Herbert Financial Services' 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. Burke & Herbert Financial Services currently has a public float of 13,340,000 shares.

0.93% of Burke & Herbert Financial Services' shares are currently sold short. Here is how the short interest of companies in the industry of "banking" compare to Burke & Herbert Financial Services: Associated Banc-Corp (2.30%), Eastern Bankshares, Inc. (1.77%), Riot Platforms, Inc. (14.02%), First Hawaiian, Inc. (3.19%), CleanSpark, Inc. (21.88%), Bread Financial Holdings, Inc. (6.97%), Pacific Premier Bancorp, Inc. (1.70%), Independent Bank Group, Inc. (4.83%), Enova International, Inc. (6.55%), FB Financial Co. (1.32%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling BHRB is an investing strategy that aims to generate trading profit from Burke & Herbert Financial Services as its price is falling. BHRB shares are trading up $0.71 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 Burke & Herbert Financial Services 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 BHRB, 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 BHRB, twice per month. The most recent reporting period available is October, 31 2024.