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Spirit Airlines (SAVE) Short Interest Ratio & Short Volume

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Spirit Airlines Short Interest Data

Spirit Airlines (SAVE) has a short interest of 37.50 million shares, representing 34.66% of the float (the number of shares available for trading by the public). This marks a 2.29% increase in short interest from the previous month. The short interest ratio (days to cover) is 3.7, indicating that it would take 3.7 days of the average trading volume of 10.78 million shares to cover all short positions.

Current Short Interest
37,500,000 shares
Previous Short Interest
36,660,000 shares
Change Vs. Previous Month
+2.29%
Dollar Volume Sold Short
$90.19 million
Short Interest Ratio
3.7 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
109,520,000 shares
Float Size
108,180,000 shares
Short Percent of Float
34.66%
Today's Trading Volume
19,128 shares
Average Trading Volume
10,775,245 shares
Today's Volume Vs. Average
0%
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SAVE Short Interest Over Time

SAVE Days to Cover Over Time

SAVE Percentage of Float Shorted Over Time

Spirit Airlines Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/202437,500,000 shares $90.19 million +2.3%34.7%3.7 $2.41
10/15/202436,660,000 shares $59.76 million +2.6%33.9%4.6 $1.63
9/30/202435,720,000 shares $85.55 million +13.0%33.0%6.8 $2.40
9/15/202431,620,000 shares $79.05 million -0.3%29.2%6.9 $2.50
8/31/202431,720,000 shares $81.84 million -8.6%29.3%6.7 $2.58
8/15/202434,720,000 shares $97.56 million +5.8%32.1%6.9 $2.81
7/31/202432,810,000 shares $99.09 million +3.2%30.3%5.7 $3.02
7/15/202431,790,000 shares $97.60 million +7.8%29.3%5.1 $3.07
6/30/202429,490,000 shares $107.93 million +1.7%27.2%4.8 $3.66
6/15/202429,000,000 shares $100.34 million +1.0%N/A4.7 $3.46
5/31/202428,720,000 shares $105.12 million +4.5%N/A4.5 $3.66
5/15/202427,480,000 shares $111.57 million -5.7%N/A4 $4.06
4/30/202429,140,000 shares $103.01 million +5.7%26.9%4.1 $3.54
4/15/202427,560,000 shares $122.64 million +5.8%25.4%2.8 $4.45
3/31/202426,040,000 shares $126.03 million -1.7%24.0%1.6 $4.84
3/15/202426,490,000 shares $113.51 million +20.4%24.5%1.6 $4.29
2/29/202422,000,000 shares $141.90 million -8.1%20.3%1.4 $6.45
2/15/202423,930,000 shares $157.70 million -3.2%22.1%1.5 $6.59
1/31/202424,710,000 shares $156.17 million +15.4%22.9%1.6 $6.32
1/15/202421,420,000 shares $320.66 million +14.8%19.8%1.6 $14.97
12/31/202318,660,000 shares $305.84 million +4.4%17.3%3.9 $16.39
12/15/202317,870,000 shares $274.66 million +23.2%16.5%3.9 $15.37
11/30/202314,500,000 shares $214.89 million -3.1%13.4%3.4 $14.82
11/15/202314,960,000 shares $167.55 million +40.9%13.8%4.4 $11.20
10/31/202310,620,000 shares $121.92 million +7.3%9.8%4.6 $11.48
10/15/20239,900,000 shares $157.71 million +9.3%9.2%5.7 $15.93
9/30/20239,060,000 shares $149.49 million -4.0%8.4%5.7 $16.50
9/15/20239,440,000 shares $155.29 million +10.3%8.7%5.9 $16.45
8/31/20238,560,000 shares $141.24 million +8.2%7.9%5.9 $16.50
8/15/20237,910,000 shares $124.90 million +20.2%7.3%5.1 $15.79
7/31/20236,580,000 shares $120.48 million -8.6%6.1%3.9 $18.31
7/15/20237,200,000 shares $137.09 million -2.3%6.7%4.6 $19.04
6/30/20237,370,000 shares $126.43 million -7.2%6.8%5 $17.16
6/15/20237,940,000 shares $132.56 million -2.0%7.3%5.5 $16.70
5/31/20238,100,000 shares $123.12 million -9.6%7.5%5.2 $15.20
5/15/20238,960,000 shares $140.67 million -3.6%8.3%4.7 $15.70
4/30/20239,290,000 shares $158.86 million -9.3%8.6%5.3 $17.10
4/15/202310,240,000 shares $177.56 million -3.0%9.5%6.1 $17.34
3/31/202310,560,000 shares $181.32 million -12.4%9.8%6.2 $17.17
3/15/202312,060,000 shares $204.30 million +42.2%11.2%7.4 $16.94
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2/28/20238,480,000 shares $155.35 million +14.1%7.8%6.1 $18.32
2/15/20237,430,000 shares $141.47 million +1.0%6.9%8.3 $19.04
1/31/20237,360,000 shares $146.02 million -6.1%6.8%8.9 $19.84
1/15/20237,840,000 shares $161.97 million -3.0%7.3%9.7 $20.66
12/30/20228,080,000 shares $157.40 million -4.5%7.5%9.5 $19.48
12/15/20228,460,000 shares $169.03 million -2.0%7.8%8.1 $19.98
11/30/20228,630,000 shares $187.36 million -16.5%8.6%6.9 $21.71
11/15/202210,340,000 shares $223.76 million -6.1%10.3%7.8 $21.64
10/31/202211,010,000 shares $242.22 million +16.8%11.0%7.7 $22.00
10/15/20229,430,000 shares $183.22 million +4.1%9.4%5.5 $19.43
9/30/20229,060,000 shares $170.51 million +17.8%8.4%5 $18.82
9/15/20227,690,000 shares $179.25 million +21.7%7.1%3.7 $23.31
8/31/20226,320,000 shares $143.34 million +2.9%5.9%2.6 $22.68
8/15/20226,140,000 shares $152.95 million -1.4%5.7%2.2 $24.91
7/31/20226,230,000 shares $154.32 million +10.9%9.2%1.7 $24.77
7/15/20225,620,000 shares $137.86 million -37.1%8.3%1.5 $24.53
6/30/20228,930,000 shares $212.89 million -7.8%13.2%2.2 $23.84
6/15/20229,690,000 shares $209.89 million -7.0%14.3%2.1 $21.66
5/31/202210,420,000 shares $218.30 million +9.7%10.0%2.2 $20.95
5/15/20229,500,000 shares $161.31 million +10.0%9.2%1.9 $16.98
4/30/20228,640,000 shares $203.99 million +4.1%8.4%1.6 $23.61
4/15/20228,300,000 shares $208.50 million -18.4%8.0%1.4 $25.12
3/31/202210,170,000 shares $222.42 million -3.4%9.8%1.6 $21.87
3/15/202210,530,000 shares $221.97 million -16.0%10.2%1.8 $21.08
2/28/202212,530,000 shares $314.25 million +0.1%12.1%2.1 $25.08
2/15/202212,520,000 shares $339.92 million +41.8%12.1%2.1 $27.15
1/31/20228,830,000 shares $189.58 million +43.8%8.4%1.5 $21.47
1/15/20226,140,000 shares $143.00 million -3.8%5.9%1.2 $23.29
12/31/20216,380,000 shares $139.40 million -6.9%6.1%1.3 $21.85
12/15/20216,850,000 shares $152.14 million +2.1%6.5%1.4 $22.21
11/30/20216,710,000 shares $140.31 million +10.4%6.4%1.5 $20.91
11/15/20216,080,000 shares $145.07 million -28.1%5.8%1.5 $23.86
10/29/20218,450,000 shares $184.63 million +31.4%7.9%1.9 $21.85
10/15/20216,430,000 shares $154.38 million -3.0%6.0%1.5 $24.01
9/30/20216,630,000 shares $171.98 million +7.6%6.2%1.6 $25.94
9/15/20216,160,000 shares $152.52 million -4.8%5.7%1.5 $24.76
8/31/20216,470,000 shares $158.71 million +6.4%6.0%1.6 $24.53
8/13/20216,080,000 shares $150.36 million +11.4%5.7%1.6 $24.73
7/30/20215,460,000 shares $147.31 million +1.3%5.1%1.5 $26.98
7/15/20215,390,000 shares $150.22 million -15.4%5.0%1.5 $27.87
6/30/20216,370,000 shares $193.90 million +3.2%5.9%1.8 $30.44
6/15/20216,170,000 shares $209.72 million -4.6%5.7%1.8 $33.99
5/28/20216,470,000 shares $231.04 million -6.0%6.0%1.8 $35.71
5/14/20216,880,000 shares $226.97 million -27.9%N/A1.7 $32.99
4/30/20219,540,000 shares $340.01 million -1.7%N/A2.1 $35.64
4/15/20219,700,000 shares $361.62 million -4.2%N/A2 $37.28
3/31/202110,120,000 shares $380.71 million -18.2%N/A2 $37.62
3/15/202112,370,000 shares $477.73 million -0.7%N/A2.4 $38.62
2/26/202112,460,000 shares $441.71 million -3.6%N/A2.1 $35.45
2/12/202112,920,000 shares $387.73 million +1.3%N/A2 $30.01
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1/29/202112,760,000 shares $340.82 million -6.0%N/A1.8 $26.71
1/15/202113,580,000 shares $369.51 million -14.4%N/A1.8 $27.21
12/31/202015,870,000 shares $394.69 million -15.5%N/A2 $24.87
12/15/202018,770,000 shares $487.83 million +26.2%N/A2.1 $25.99
11/30/202014,870,000 shares $347.51 million -7.5%N/A1.7 $23.37
11/15/202016,070,000 shares $317.06 million -6.7%N/A1.8 $19.73
10/30/202017,230,000 shares $293.60 million +5.6%N/A1.9 $17.04
10/15/202016,310,000 shares $268.14 million -2.6%N/A1.8 $16.44

SAVE Short Interest - Frequently Asked Questions

What is Spirit Airlines' current short interest?

Short interest is the volume of Spirit Airlines shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders 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.

What is a good short interest ratio for Spirit Airlines?

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.

Which institutional investors are shorting Spirit Airlines?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Spirit Airlines: Barclays PLC, Shaolin Capital Management LLC, Barclays PLC, K2 Principal Fund L.P., National Bank of Canada FI, Jane Street Group LLC, Whitebox Advisors LLC, Wolverine Trading LLC, Parallax Volatility Advisers L.P., Murchinson Ltd., III Capital Management, Bardin Hill Management Partners LP, Kore Advisors LP, Walleye Trading LLC, Crawford Fund Management LLC, BNP Paribas Financial Markets, LMR Partners LLP, Mirae Asset Securities USA Inc., and Belvedere Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Spirit Airlines?

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.

Is Spirit Airlines' short interest increasing or decreasing?

Spirit Airlines saw a increase in short interest in 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.

What is Spirit Airlines' float size?

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.

How does Spirit Airlines' short interest compare to its competitors?

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: P.A.M. Transportation Services, Inc. (0.62%), Safe Bulkers, Inc. (3.20%), Blade Air Mobility, Inc. (5.58%), Euroseas Ltd. (0.40%), Proficient Auto Logistics, Inc. (5.64%), Pangaea Logistics Solutions, Ltd. (1.47%), Diana Shipping Inc. (1.62%), ModivCare Inc. (3.90%), Himalaya Shipping Ltd. (1.39%), KNOT Offshore Partners LP (1.57%),

Which stocks are the most shorted right now?

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.

What does it mean to sell short Spirit Airlines stock?

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.

How does a short squeeze work against Spirit Airlines?

A short squeeze for Spirit Airlines 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 SAVE, which in turn drives the price of the stock up even further.

How often is Spirit Airlines' 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 SAVE, twice per month. The most recent reporting period available is October, 31 2024.




This page (NYSE:SAVE) was last updated on 12/23/2024 by MarketBeat.com Staff
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