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: 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., Belvedere Trading LLC, and Bardin Hill Management Partners LP. 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 during 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: Safe Bulkers, Inc. (2.96%), P.A.M. Transportation Services, Inc. (0.62%), Pangaea Logistics Solutions, Ltd. (1.28%), Euroseas Ltd. (0.27%), Himalaya Shipping Ltd. (1.30%), Diana Shipping Inc. (1.69%), Proficient Auto Logistics, Inc. (4.00%), Blade Air Mobility, Inc. (6.67%), ModivCare Inc. (4.43%), StealthGas Inc. (0.29%),

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. 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 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.

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.