REF Short Volume
Reformation Inc. (California) (REF) operates in the Consumer Cyclical sector, specifically the Apparel - Footwear & Accessories industry, with a market capitalization near $808.2M, listed on NYSE, employing roughly 1,261 people, carrying a beta of 0.00 to the broader market. Reformation, Inc. Led by Hali Borenstein, public since 2026-07-30.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-08-28
- Short Volume
- 59.1K
- Total Volume
- 87.7K
- Short %
- 67.41%
- 30-Day Avg Short %
- 53.76%
Showing 22 days of FINRA short volume data for Reformation Inc. (California).
Learn how short volume is reported and how to read the data →
Frequently asked REF short volume questions
- What is the daily REF short volume?
- As of Aug 28, 2026, Reformation Inc. (California) (REF) short volume is 59.1K shares against 87.7K total reported volume, or 67.41% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is REF short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does REF short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.