Spirit Airlines (SAVE) Short Interest Ratio & Short Volume

Short interest is the volume of Spirit Airlines shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 37,500,000 shares of SAVE short. 34.66% of Spirit Airlines' shares are currently sold short. Learn More on Spirit Airlines' 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. SAVE shares currently have a short interest ratio of 4.0. Learn More on Spirit Airlines's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Spirit Airlines: GTS Securities LLC, BCK Capital Management LP, CSS LLC IL, Wolverine Trading LLC, Torno Capital LLC, LMR Partners LLP, Jefferies Financial Group Inc., K2 Principal Fund L.P., Group One Trading LLC, Graham Capital Management L.P., Caption Management LLC, Citadel Advisors LLC, Balyasny Asset Management L.P., Bank of America Corp DE, BNP Paribas Financial Markets, Jane Street Group LLC, Whitebox Advisors LLC, Schonfeld Strategic Advisors LLC, III Capital Management, Shaolin Capital Management LLC, Boothbay Fund Management LLC, Parallax Volatility Advisers L.P., HAP Trading LLC, Concourse Financial Group Securities Inc., Walleye Trading LLC, Barclays PLC, Bank of Montreal Can, National Bank of Canada FI, Summit Securities Group LLC, and Mirae Asset Securities USA Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 34.66% of Spirit Airlines' floating shares are currently sold short.

Spirit Airlines saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 37,500,000 shares, an increase of 2.3% from the previous total of 36,660,000 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.

Spirit Airlines currently has issued a total of 109,520,000 shares. Some of Spirit Airlines' 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. Spirit Airlines currently has a public float of 108,180,000 shares.

34.66% of Spirit Airlines' shares are currently sold short. Here is how the short interest of companies in the industry of "transportation" compare to Spirit Airlines: Ardmore Shipping Co. (5.90%), Safe Bulkers, Inc. (2.59%), Cool Company Ltd. (2.70%), Pangaea Logistics Solutions, Ltd. (2.50%), Proficient Auto Logistics, Inc. (7.73%), Blade Air Mobility, Inc. (4.11%), Euroseas Ltd. (0.35%), Diana Shipping Inc. (1.23%), StealthGas Inc. (0.15%), Himalaya Shipping Ltd. (1.15%),

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 SAVE is an investing strategy that aims to generate trading profit from Spirit Airlines as its price is falling. SAVE shares are trading down $0.06 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 Spirit Airlines 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 SAVE, 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 SAVE, twice per month. The most recent reporting period available is October, 31 2024.