Allegiance Bancshares Inc Short ratio
What is the Short ratio of Allegiance Bancshares Inc?
The Short ratio of Allegiance Bancshares Inc is 12.92
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Finance sector on NASDAQ compared to Allegiance Bancshares Inc
What does Allegiance Bancshares Inc do?
Allegiance is a Houston, Texas based bank holding company. Through its wholly owned subsidiary, Allegiance Bank, Allegiance provides a diversified range of commercial banking services primarily to small- to medium-sized businesses and individual customers within the Houston region. Allegiance operates 28 full-service banking locations, with 27 bank offices in the Houston metropolitan area and one bank office in Beaumont, just outside of the Houston metropolitan area.
Companies with short ratio similar to Allegiance Bancshares Inc
- Supernova Partners Acquisition has Short ratio of 12.86
- Gossamer Bio has Short ratio of 12.86
- Arcus Biosciences Inc has Short ratio of 12.86
- Generation Bio Co has Short ratio of 12.89
- F45 Training has Short ratio of 12.91
- Absolute Software has Short ratio of 12.91
- Allegiance Bancshares Inc has Short ratio of 12.92
- Anixa Biosciences has Short ratio of 12.93
- CuriosityStream has Short ratio of 12.94
- Cuspis Capital II has Short ratio of 12.96
- Wright Medical NV has Short ratio of 12.97
- Ormat Technologies Inc has Short ratio of 12.99
- Entergy Louisiana has Short ratio of 13.00