Steven Madden Sees Drop in Short Interest

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Steven Madden, Ltd. (NASDAQ:SHOO) saw a significant decrease in short interest in February, with the number of shares sold short dropping 24.2% from the end of January. As of February 13th, there were 3,376,499 shares sold short, down from 4,453,719 shares at the end of January. Based on the company's average daily trading volume, the current short interest ratio is 1.4 days, indicating that around 4.8% of Steven Madden's shares are currently sold short.

Why it matters

The drop in short interest could signal that investors are becoming more bullish on Steven Madden's prospects, as short sellers close out their positions. A decrease in short interest is often seen as a positive indicator for a stock, as it suggests reduced bearish sentiment.

The details

Steven Madden, a designer and marketer of fashion footwear, handbags and accessories, saw a significant decrease in the number of its shares that were sold short in February. The short interest fell from 4,453,719 shares at the end of January to 3,376,499 shares as of February 13th, a decline of 24.2%. With the company's average daily trading volume of 2,373,917 shares, the current short interest ratio is 1.4 days, meaning that approximately 4.8% of Steven Madden's outstanding shares are currently sold short.

• As of February 13th, 2026, there was short interest totaling 3,376,499 shares.
• On January 29th, 2026, the total short interest was 4,453,719 shares.