Safety Insurance Group reports growth in short interest

Insiders sell over $1.6 million in shares as short interest rises 37.9%

Published on Mar. 2, 2026

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Safety Insurance Group, Inc. (NASDAQ:SAFT) saw a significant increase in short interest in February, with short interest totaling 162,078 shares as of February 13th, up 37.9% from the previous month. Insiders at the company also sold over $1.6 million worth of shares during the past 90 days. The company's stock has traded in a range of $67.04 to $84.20 over the past year.

Why it matters

The rise in short interest and insider selling could indicate that some investors are taking a bearish stance on Safety Insurance Group's stock. Short interest can be a sign of negative sentiment, while insider selling may suggest insiders believe the stock is overvalued. These developments are worth monitoring as they could impact the company's stock price performance going forward.

The details

Safety Insurance Group reported that short interest in its stock grew 37.9% in February, reaching 162,078 shares, or 1.1% of the company's outstanding stock. The average daily trading volume is 75,458 shares, giving the stock a days-to-cover ratio of 2.1 days. In addition, major shareholder Corp Srb sold 11,487 shares of the company's stock in a transaction on February 26th, for a total value of $900,121. Insiders have sold a total of 20,954 shares valued at $1,634,265 in the last 90 days.

  • As of February 13th, 2026, there was short interest totaling 162,078 shares.
  • On February 26th, 2026, major shareholder Corp Srb sold 11,487 shares.

The players

Safety Insurance Group, Inc.

A publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923.

Corp Srb

A major shareholder of Safety Insurance Group, Inc.

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The takeaway

The increase in short interest and insider selling at Safety Insurance Group is a development worth monitoring, as it could signal a shift in investor sentiment and potentially impact the company's stock performance going forward.