Short interest // FINRA, biweekly, dated

SAJ short interest

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Saratoga Investment Corp. 8.00

0%30%+0.01%Low short interest
0.01% of SAJ’s shares outstanding is sold short

866 shares short / 15,559,638 shares outstanding (share count as of 2026-10-05, 10-Q).

“Low” describes how crowded the short position is, not where the stock goes next. Percent of shares outstanding, not percent of float; where filings allow it, the float version appears below as a floor.

As of the 2026-10-15 settlement, which is 26 days ago. FINRA publishes twice a month on the seventh business day after settlement, so this cycle was published around 2026-10-26 and the next is expected around 2026-11-10. No free source anywhere has anything fresher, including sites that display this number next to a live price.

Shares sold short866
⊙
EVIDENCE — filed/published fact
SourceFINRA consolidated short interest
FieldcurrentShortPositionQuantity
As of2026-10-15 settlement
HowFile shrt20261015.csv in FINRA's catalog (posted ~7 business days after settlement).
Open the source document →
Prior settlement1,507
Change-42.5%
Days to coverShares short divided by average daily volume. FINRA publishes 1.00 here because it does not report below 1.00.0.30
⊙
INFERENCE — derived by arithmetic
SourceFINRA consolidated short interest
FieldcurrentShortPositionQuantity ÷ averageDailyVolumeQuantity
As of2026-10-15 settlement
HowComputed from FINRA’s two published operands. FINRA’s own daysToCoverQuantity field floors at 1.00 and is not used.
Open the source document →
FINRA prints 1.00 (floored)
Average daily volume (FINRA, the days-to-cover denominator)2,858
ExchangeNYSE
Reg SHO threshold listPersistent settlement failures under Reg SHO Rule 203. A delivery-failure list, not a “naked shorting” list.Not on the list (2026-11-06)
Short interest, % of shares outstandingPercent of shares outstanding. Not percent of float, and the two are not the same number.0.01%
Shares outstandingfrom filings, as of 2026-10-0515,559,638

Short interest history

70 settlements on record, oldest 2023-08-15. Biweekly points, from FINRA’s own archive.

Dashed line at the 15 September 2026 settlement: FINRA began quoting every field of its short interest file. What it did to this history, and what we did

SettlementShares shortChange% of shares outDays to coverClose, USDValue short, USD
2026-10-15866-42.5%0.01%0.3025.3021,910
2026-09-301,507no prior settlement0.01%0.3025.1537,901
2026-08-31286-76.3%0.00%0.0425.117,182
2026-08-141,207-62.2%0.01%1.2125.3330,573
2026-07-313,194-3.0%0.02%5.2725.6081,766
2026-07-153,294-28.5%0.02%1.7125.4583,832
2026-06-304,610+33.5%0.03%1.1025.57117,901
2026-06-153,454+466.2%0.02%1.3625.4587,904
2026-05-29610-69.1%0.00%0.4225.3515,464
2026-05-151,974-5.8%0.01%1.5425.2549,844
2026-04-302,096+27.9%0.01%1.8325.5753,595
2026-04-151,639+49.8%0.01%2.3125.3941,614
Show the other 58 settlements, back to 2023-08-15
SettlementShares shortChange% of shares outDays to coverClose, USDValue short, USD
2026-03-311,094+10.5%0.01%0.5225.3327,711
2026-03-13990+200.0%0.01%0.4325.3225,067
2026-02-27330-87.3%0.00%0.1125.248,329
2026-02-132,603+80.5%0.02%0.5025.3065,869
2026-01-301,442+183.9%0.01%0.5625.7337,105
2026-01-15508-58.7%0.00%0.17no stored barno close to value it
2025-12-311,230+376.7%0.01%0.3225.4631,316
2025-12-15258-92.9%0.00%0.0325.196,499
2025-11-283,659no prior settlement0.02%0.7125.1892,134
2025-10-31425+88.1%0.00%0.0525.3810,787
2025-10-15226+12.4%0.00%0.1625.405,741
2025-09-30201-77.6%0.00%0.1025.315,087
2025-09-15899-65.5%0.01%0.2625.3322,772
2025-08-292,609+2562.2%0.02%1.0325.4866,477
2025-08-1598-98.2%0.00%0.0225.222,472
2025-07-315,331+171.7%0.03%1.7226.07138,979
2025-07-151,962+18.2%0.01%1.0325.7550,522
2025-06-301,660-12.4%0.01%1.17no stored barno close to value it
2025-06-131,894-11.3%0.01%0.3725.6048,486
2025-05-302,135+1242.8%0.01%0.9425.4854,389
2025-05-15159-91.0%0.00%0.0825.404,039
2025-04-301,758-56.0%0.01%1.2425.5044,829
2025-04-153,995-3.4%0.03%1.05no stored barno close to value it
2025-03-314,136no prior settlement0.03%2.9725.41105,098
2025-02-28517+66.8%0.00%0.2725.2613,059
2025-02-14310-61.3%0.00%0.0725.217,816
2025-01-31802no prior settlement0.01%0.3725.4320,395
2024-12-31226-33.5%0.00%0.1125.375,734
2024-12-13340+78.9%0.00%0.0725.038,510
2024-11-29190-85.7%0.00%0.0525.054,759
2024-11-151,325-24.0%0.01%0.7125.0633,205
2024-10-311,744+77.4%0.01%1.4225.4144,315
2024-10-15983+3995.8%0.01%0.2025.3524,919
2024-09-3024-88.8%0.00%0.0125.26606
2024-09-13214-55.5%0.00%0.1325.235,399
2024-08-30481-53.2%0.00%0.17no stored barno close to value it
2024-08-151,027-28.6%0.01%0.2324.9825,655
2024-07-311,438+14.7%0.01%0.3725.2436,295
2024-07-151,254no prior settlement0.01%0.4925.1631,557
2024-06-1418no prior settlement0.00%0.01before stored barsno close to value it
2024-05-15463-75.8%0.00%0.27before stored barsno close to value it
2024-04-301,915no prior settlement0.01%0.53before stored barsno close to value it
2024-03-2895+493.8%0.00%0.02before stored barsno close to value it
2024-03-1516-78.4%0.00%0.01before stored barsno close to value it
2024-02-2974-78.3%0.00%0.02before stored barsno close to value it
2024-02-15341+87.4%0.00%0.12before stored barsno close to value it
2024-01-31182+65.5%0.00%0.05before stored barsno close to value it
2024-01-12110-74.8%0.00%0.04before stored barsno close to value it
2023-12-29437-55.6%0.00%0.18before stored barsno close to value it
2023-12-15984+134.3%0.01%1.42before stored barsno close to value it
2023-11-30420+164.2%0.00%0.28before stored barsno close to value it
2023-11-15159-92.7%0.00%0.09before stored barsno close to value it
2023-10-312,192+756.3%0.02%0.58before stored barsno close to value it
2023-10-13256+113.3%0.00%0.06before stored barsno close to value it
2023-09-29120-83.5%0.00%0.06before stored barsno close to value it
2023-09-15727+73.9%0.01%0.31before stored barsno close to value it
2023-08-31418+10.6%0.00%0.33before stored barsno close to value it
2023-08-15378no prior settlement0.00%0.15before stored barsno close to value it

Change is against the settlement before it, and is left out where one is missing from the archive. Percent of shares outstanding divides by the filed share count dated nearest each settlement, within 200 days, so it moves when the share count does; it is not percent of float. Close and value short (shares short times that day’s close, both as traded) come from our stored daily bars, which begin 2024-07-01; earlier settlements show none rather than a figure from another source. Nothing here is split-adjusted, so a split appears as the step it was.

Different measurement // daily, and not a position

Daily short volume

This is not the number above. Short interest is the position still held short, reported twice a month. Short volume is the share of a single day’s trading that was marked as a sell-short order, published daily. Most of it is market makers hedging and closing within the same session, so a stock printing a high figure here is not that percentage sold short.

Latest session (2026-11-09)
22.2%
Average, last 7 sessions
17.7%
2026-11-0922.2%
2026-11-0545.0%
2026-11-045.6%
2026-11-0333.7%
2026-11-022.4%
2026-10-300.8%
2026-10-2814.4%

FINRA Reg SHO consolidated daily file. Sessions with no row for SAJ are omitted rather than shown as zero.

Price context // daily bars, not short data

Where the price sits

Session of 2026-11-06, from 250 sessions of daily bars. These are price figures, not short figures, and they update daily rather than twice a month.

Close$25.40
Volume, latest session3,573
Volume vs averageAgainst its own 50-session average of 3,352, same series on both sides1.07x
% from 52-week high ($27.92)-9.0%
% from 52-week low ($24.95)+1.8%
52-week performance-0.8%
% from 50-day average ($25.21)+0.7%
% from 200-day average ($25.44)-0.1%
RSI, 14-dayWilder’s construction, so it matches what charting platforms print58.6

Why there is no “% of float” here

Percent of float is the number the paid trackers lead with, and it is the one number in this category that cannot be published honestly for free. There is no free float share count: the SEC’s XBRL concept for float does not exist, and the closest one, public float, is measured in dollars and is filed once a year with the annual report. For Apple it currently reads as of March 2025, sixteen months ago.

So a free site showing percent of float is doing one of two things: quietly substituting shares outstanding, which for a heavily insider-held small company is a wildly different number, or republishing a commercial estimate it licensed. We publish the percentage that filed data supports, label it as percent of shares outstanding, and where insider Form 4 filings allow it we publish percent of float as an explicit floor: subtracting only filed direct insider holdings from shares outstanding gives a ceiling on float, so the division gives a number the true percentage can only exceed. What we will not do is print a bare “% of float” built on someone else’s estimate. Where a figure is measured, this site says what it was measured against. Read the methodology.

What days to cover means

Open short interest divided by average daily trading volume: roughly how many full sessions of normal volume it would take for every short position to be bought back. FINRA computes it per security at each settlement and we pass their figure through. This matters more than it sounds, because sites that compute their own pick their own volume window and rarely say which, so the same stock shows materially different values depending on where you look.

High short interest and high days to cover describe fuel, not ignition. They say a crowded position exists; they say nothing about whether it unwinds, and heavily shorted stocks frequently keep falling. Educational information, not investment advice.

FINRA is the owner and source of this short interest and short sale volume data. Free on every plan; not for redistribution.

SAJ short interest FAQ

How old is this SAJ short interest figure?

It is the 2026-10-15 settlement, which is 26 days ago. FINRA collects short interest twice a month and publishes on the seventh business day after each settlement date, so this was published around 2026-10-26 and the next cycle is expected around 2026-11-10. There is no fresher short interest available anywhere for free, including from tools that display it next to a live price.

Why does this show percent of shares outstanding rather than percent of float?

Because float share counts are not published by any free source. The SEC XBRL concept for float does not exist, and the nearest one is measured in dollars and comes only from the annual report. Every free site showing a float percentage is republishing a commercial estimate. We publish the percentage we can compute from filed data and label it for what it is, rather than passing shares outstanding off as float.

Where does days to cover come from?

Shares short divided by average daily volume, using FINRA’s own two published figures. We do not use FINRA’s own days-to-cover field, because it is floored at 1.00: across the current file, 7,869 securities, over a third of the market, are published at exactly 1.00 and nearly all of them are genuinely below it. One stock with a true ratio of 0.03 is published as 1.00. Sites that instead invent their own average-volume window produce a different problem, which is why the operands here are both FINRA’s.

Is high short interest a buy signal?

No. High short interest is frequently the market pricing real problems, and many heavily shorted stocks keep falling. This page measures positioning. It makes no recommendation.

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