Selective Insurance Group (SIGIP) Short Interest Ratio & Short Volume

Short interest is the volume of Selective Insurance Group shares that have been sold short but have not yet been closed out or covered. As of October 15th, traders have sold 23,600 shares of SIGIP short. Learn More on Selective Insurance 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. SIGIP shares currently have a short interest ratio of 4.0. Learn More on Selective Insurance Group's short interest ratio.

Selective Insurance Group saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 23,600 shares, an increase of 23.6% from the previous total of 19,100 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.

Here is how the short interest of companies in the industry of "insurance" compare to Selective Insurance Group: Reliance Global Group, Inc. (4.33%), Chubb Limited (1.07%), Manulife Financial Co. (0.52%), Sun Life Financial Inc. (0.32%), Willis Towers Watson Public Limited (0.88%), Prudential plc (0.02%), Corebridge Financial, Inc. (3.93%), Ryan Specialty Holdings, Inc. (6.33%), Everest Group, Ltd. (2.98%), Equitable Holdings, Inc. (1.51%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling SIGIP is an investing strategy that aims to generate trading profit from Selective Insurance Group as its price is falling. SIGIP shares are trading down $0.36 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 Selective Insurance 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 SIGIP, 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 SIGIP, twice per month. The most recent reporting period available is October, 15 2024.