Granite Construction Short Interest Drops 33.1% in February

Got story updates? Submit your updates here. ›

Granite Construction Incorporated (NYSE:GVA), a heavy civil contractor and construction materials producer based in Watsonville, California, saw a significant 33.1% decline in short interest during the month of February. As of February 27th, the company had 3,388,908 shares shorted, down from 5,067,474 shares on February 12th. The days-to-cover ratio, based on the average daily trading volume of 629,947 shares, is currently 5.4 days. Approximately 7.9% of Granite Construction's shares are currently sold short.

Why it matters

The drop in short interest suggests that investors are becoming more bullish on Granite Construction's prospects, potentially indicating growing confidence in the company's performance and outlook. Short interest can be an indicator of investor sentiment, and a decline often signals that bearish bets are being unwound, which could lead to upward pressure on the stock price.

The details

Granite Construction, a leading heavy civil contractor and construction materials producer, has seen its short interest decline substantially in recent weeks. The number of shares sold short fell from 5,067,474 on February 12th to 3,388,908 as of February 27th, a 33.1% decrease. This decline in short positions suggests that some investors who had previously bet against the company are now unwinding those bearish bets, potentially signaling a more positive outlook on Granite Construction's future performance.

• As of February 27th, 2026, Granite Construction had 3,388,908 shares sold short.
• On February 12th, 2026, Granite Construction had 5,067,474 shares sold short.