The below chart shows the historical "days to cover" for SEIC at previous short interest release dates:
An increased "days to cover" value could indicate that short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the stock will decline in price. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news — short sellers might then rush to cover their positions, and if the "days to cover" number is high, it would then be more difficult to close those positions without sending the stock higher (until the higher price produces enough sellers to generate the necessary volume the short sellers need to close their positions).
The chart below shows the one year performance of SEIC shares, versus its 200 day moving average. Looking at this chart, SEIC's low point in its 52 week range is $32.01 per share, with $55.48 as the 52 week high point — that compares with a last trade of $50.91.
According to the ETF Finder at ETF Channel, SEIC makes up 3.47% of the SPDR S&P Capital Markets ETF (KCE) which is up by about 1.3% on the day Wednesday.
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