SiriusXM shares drop 0.7%

SiriusXM shares drop 0.7%

SiriusXM shares experienced a 0.7% decline on September 2, 2025, amidst a backdrop of increasing short interest. As of August 15, 2025, investors had sold 25,470,000 shares of SIRI short, representing 7.72% of the company's shares [1]. This increase in short interest, which is a 0.6% rise from the previous total of 25,320,000 shares, suggests a growing bearish sentiment among investors.

The short interest ratio, also known as the "days to cover ratio," for SIRI shares is 7.0. This ratio, calculated by dividing the number of shares sold short by the average trading volume, indicates a moderate level of pessimism. However, it is below the threshold of 10, which typically indicates strong pessimism [1].

Institutional investors such as Group One Trading LLC, BlueCrest Capital Management Ltd, and Jane Street Group LLC have reported short positions in SiriusXM. This increased short interest could be driven by various factors, including concerns about the company's financial health or market conditions [1].

Despite the drop in share price, SiriusXM's short interest remains relatively low compared to some of its competitors. For instance, AMC Networks Inc. has a short interest of 15.49%, while Charter Communications, Inc. has a short interest of 15.36% [1]. This relative low short interest suggests that while there is some pessimism, the overall sentiment towards SiriusXM is more positive.

The increasing short interest and the subsequent drop in share price could be a result of the broader market conditions or specific concerns related to SiriusXM's business operations. Investors should closely monitor the company's financial performance and any upcoming announcements that could impact its stock price.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/SIRI/short-interest/