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Summit State Bank (SSBI) Short Interest Ratio & Short Volume

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$7.43 -0.04 (-0.54%)
As of 01/21/2025 03:59 PM Eastern

Summit State Bank Short Interest Data

Summit State Bank (SSBI) has a short interest of 34,400 shares, representing 0.71% of the float (the number of shares available for trading by the public). This marks a -9.95% decrease in short interest from the previous month. The short interest ratio (days to cover) is 1.7, indicating that it would take 1.7 days of the average trading volume of 21,310 shares to cover all short positions.

Current Short Interest
34,400 shares
Previous Short Interest
38,200 shares
Change Vs. Previous Month
-9.95%
Dollar Volume Sold Short
$263,160.00
Short Interest Ratio
1.7 Days to Cover
Last Record Date
December 31, 2024
Outstanding Shares
6,070,000 shares
Float Size
4,850,000 shares
Short Percent of Float
0.71%
Today's Trading Volume
24,316 shares
Average Trading Volume
21,310 shares
Today's Volume Vs. Average
114%
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SSBI Short Interest Over Time

SSBI Days to Cover Over Time

SSBI Percentage of Float Shorted Over Time

Summit State Bank Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
12/31/202434,400 shares $263,160.00 -10.0%0.7%1.7 $7.65
12/15/202438,200 shares $271,220.00 +1.9%0.8%2.1 $7.10
11/30/202437,500 shares $284,625.00 -0.5%0.8%2 $7.59
11/15/202437,700 shares $255,606.00 +27.4%0.8%2.1 $6.78
10/31/202429,600 shares $199,800.00 -13.5%0.6%1.8 $6.75
10/15/202434,200 shares $258,894.00 +81.0%0.7%2.2 $7.57
9/30/202418,900 shares $159,705.00 +33.1%0.4%1.3 $8.45
9/15/202414,200 shares $120,700.00 +71.1%0.3%1.6 $8.50
8/31/20248,300 shares $72,293.00 -30.3%0.2%1 $8.71
8/15/202411,900 shares $104,720.00 -2.5%0.3%1.6 $8.80
7/31/202412,200 shares $115,046.00 +154.2%0.3%1.5 $9.43
7/15/20244,800 shares $44,976.00 -18.6%0.1%0.8 $9.37
6/30/20245,900 shares $55,755.00 -9.2%0.1%1.1 $9.45
6/15/20246,500 shares $59,150.00 -13.3%0.1%1.1 $9.10
5/31/20247,500 shares $69,525.00 +10.3%0.2%1.3 $9.27
5/15/20246,800 shares $61,200.00 +3.0%N/A1.2 $9.00
4/30/20246,600 shares $65,802.00 -7.0%0.1%1.4 $9.97
4/15/20247,100 shares $69,651.00 -15.5%0.2%1.7 $9.81
3/31/20248,400 shares $91,140.00 -36.8%0.2%2 $10.85
3/15/202413,300 shares $140,980.00 +25.5%0.3%2.9 $10.60
2/29/202410,600 shares $117,766.00 -14.5%0.2%2.3 $11.11
2/15/202412,400 shares $130,636.48 +100.0%0.3%2.8 $10.54
1/31/20246,200 shares $72,912.00 +5.1%0.1%1.5 $11.76
1/15/20245,900 shares $69,325.00 +1.7%0.1%1.6 $11.75
12/31/20235,800 shares $71,340.00 -47.3%0.1%1.5 $12.30
12/15/202311,000 shares $144,650.00 +6.8%0.2%2.6 $13.15
11/30/202310,300 shares $135,548.00 +22.6%0.2%2.5 $13.16
11/15/20238,400 shares $104,496.00 +3.7%0.2%1.8 $12.44
10/31/20238,100 shares $105,097.50 -9.0%0.2%1 $12.98
10/15/20238,900 shares $137,950.00 -8.3%0.2%1 $15.50
9/30/20239,700 shares $155,626.80 -7.6%0.2%1 $16.04
9/15/202310,500 shares $165,900.00 +38.2%0.2%1 $15.80
8/31/20237,600 shares $120,156.00 -1.3%0.2%0.7 $15.81
8/15/20237,700 shares $127,050.00 -45.0%0.2%0.5 $16.50
7/31/202314,000 shares $252,000.00 +97.2%0.3%1.1 $18.00
7/15/20237,100 shares $105,222.00 +29.1%0.2%0.5 $14.82
6/30/20235,500 shares $83,105.00 +52.8%0.1%0.4 $15.11
6/15/20233,600 shares $54,036.00 -25.0%0.1%0.3 $15.01
5/31/20234,800 shares $71,136.00 -83.8%0.1%0.4 $14.82
5/15/202329,600 shares $458,800.00 +144.6%0.6%4.1 $15.50
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4/30/202312,100 shares $188,276.00 +227.0%0.3%1.9 $15.56
4/15/20233,700 shares $48,655.37 +5.7%0.1%0.6 $13.15
3/31/20233,500 shares $48,545.00 +9.4%0.1%0.6 $13.87
3/15/20233,200 shares $44,736.00 +23.1%0.1%0.6 $13.98
2/28/20232,600 shares $41,613.00 +8.3%0.1%0.5 $16.01
2/15/20232,400 shares $38,042.64 -7.7%0.1%0.5 $15.85
1/31/20232,600 shares $41,314.00 -39.5%0.1%0.5 $15.89
1/15/20234,300 shares $67,101.50 +38.7%0.1%0.7 $15.61
12/30/20223,100 shares $48,980.00 -43.6%0.1%0.5 $15.80
12/15/20225,500 shares $86,075.00 +96.4%0.1%0.9 $15.65
11/30/20222,800 shares $45,920.00 -33.3%0.1%0.4 $16.40
11/15/20224,200 shares $64,848.00 +68.0%0.1%0.6 $15.44
10/31/20222,500 shares $37,025.00 -35.9%0.1%0.4 $14.81
10/15/20223,900 shares $57,759.00 +69.6%0.1%0.8 $14.81
9/30/20222,300 shares $33,373.00 -65.2%0.1%0.5 $14.51
9/15/20226,600 shares $99,924.00 +312.5%0.1%1.4 $15.14
8/31/20221,600 shares $24,000.00 +23.1%0.0%0.4 $15.00
8/15/20221,300 shares $19,747.00 -18.8%0.0%0.4 $15.19
7/31/20221,600 shares $24,592.00 -78.7%0.0%0.4 $15.37
7/15/20227,500 shares $112,875.00 +4.2%0.2%1.9 $15.05
6/30/20227,200 shares $109,584.00 -41.9%0.2%2.3 $15.22
6/15/202212,400 shares $192,200.00 -7.5%N/A3.2 $15.50
5/31/202213,400 shares $210,112.00 +45.7%0.2%2.9 $15.68
5/15/20229,200 shares $141,128.00 +411.1%0.2%1 $15.34
4/30/20221,800 shares $28,593.00 -18.2%0.0%0.2 $15.89
4/15/20222,200 shares $35,090.00 -18.5%0.0%0.2 $15.95
3/31/20222,700 shares $46,170.00 -3.6%0.1%0.3 $17.10
3/15/20222,800 shares $45,164.00 -36.4%0.1%0.3 $16.13
2/28/20224,400 shares $71,500.00 +22.2%0.1%0.5 $16.25
2/15/20223,600 shares $58,392.00 -32.1%0.1%0.6 $16.22
1/31/20225,300 shares $85,701.00 +3.9%0.1%0.8 $16.17
1/15/20225,100 shares $82,008.00 -19.1%0.1%0.6 $16.08
12/31/20216,300 shares $97,599.60 -34.4%0.1%0.8 $15.49
12/15/20219,600 shares $146,016.00 +5.5%0.2%1 $15.21
11/30/20219,100 shares $144,963.00 +435.3%0.2%0.9 $15.93
11/15/20211,700 shares $27,336.00 -50.0%0.0%0.2 $16.08
10/29/20213,400 shares $59,330.00 +17.2%0.1%0.4 $17.45
10/15/20212,900 shares $54,259.00 -81.1%0.1%0.5 $18.71
9/30/202115,300 shares $302,940.00 +75.9%0.3%2.6 $19.80
9/15/20218,700 shares $143,376.00 +314.3%0.2%1.6 $16.48
8/31/20212,100 shares $32,130.00 -63.8%0.0%0.3 $15.30
8/13/20215,800 shares $96,570.00 -54.0%0.1%0.8 $16.65
7/30/202112,600 shares $203,238.00 +23.5%0.3%1.9 $16.13
7/15/202110,200 shares $156,162.00 -14.3%0.2%1.5 $15.31
6/30/202111,900 shares $184,926.00 +1,222.2%0.2%1.9 $15.54
6/15/2021900 shares $13,500.00 -80.9%0.0%0.2 $15.00
5/28/20214,700 shares $76,891.53 -9.6%0.1%1.5 $16.36
5/14/20215,200 shares $83,720.00 +246.7%0.1%1.5 $16.10
4/30/20211,500 shares $24,390.60 -37.5%0.0%0.3 $16.26
4/15/20212,400 shares $39,144.00 -14.3%0.1%0.3 $16.31
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3/31/20212,800 shares $45,500.00 -40.4%0.1%0.3 $16.25
3/15/20214,700 shares $75,670.00 No Change0.1%0.5 $16.10
2/26/20214,700 shares $74,871.00 +14.6%0.1%0.5 $15.93
2/12/20214,100 shares $60,598.00 +24.2%0.1%0.4 $14.78
1/29/20213,300 shares $48,048.00 -40.0%0.1%0.4 $14.56
1/15/20215,500 shares $81,891.15 No Change0.1%0.6 $14.89
1/31/2020600 shares $7,806.00 -14.3%0.0%0.2 $13.01

SSBI Short Interest - Frequently Asked Questions

What is Summit State Bank's current short interest?

Short interest is the volume of Summit State Bank shares that have been sold short but have not yet been covered or closed out. As of December 31st, traders have sold 34,400 shares of SSBI short. 0.71% of Summit State Bank's shares are currently sold short. Learn More on Summit State Bank's current short interest.

What is a good short interest ratio for Summit State Bank?

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. SSBI shares currently have a short interest ratio of 2.0. Learn More on Summit State Bank's short interest ratio.

What is a good short interest percentage for Summit State Bank?

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. 0.71% of Summit State Bank's floating shares are currently sold short.

Is Summit State Bank's short interest increasing or decreasing?

Summit State Bank saw a decrease in short interest in December. As of December 31st, there was short interest totaling 34,400 shares, a decrease of 9.9% from the previous total of 38,200 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.

What is Summit State Bank's float size?

Summit State Bank currently has issued a total of 0 shares. Some of Summit State Bank'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. Summit State Bank currently has a public float of 4,850,000 shares.

How does Summit State Bank's short interest compare to its competitors?

0.71% of Summit State Bank's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Summit State Bank: Royal Bank of Canada (0.41%), HDFC Bank Limited (0.75%), Mitsubishi UFJ Financial Group, Inc. (0.06%), ICICI Bank Limited (0.69%), The Toronto-Dominion Bank (1.29%), Sumitomo Mitsui Financial Group, Inc. (0.08%), Banco Santander, S.A. (0.04%), Bank of Montreal (0.80%), Banco Bilbao Vizcaya Argentaria, S.A. (0.04%), Canadian Imperial Bank of Commerce (2.47%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

What does it mean to sell short Summit State Bank stock?

Short selling SSBI is an investing strategy that aims to generate trading profit from Summit State Bank as its price is falling. SSBI shares are trading down $0.04 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.

How does a short squeeze work against Summit State Bank?

A short squeeze for Summit State Bank 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 SSBI, which in turn drives the price of the stock up even further.

How often is Summit State Bank's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SSBI, twice per month. The most recent reporting period available is December, 31 2024.




This page (NASDAQ:SSBI) was last updated on 1/22/2025 by MarketBeat.com Staff
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