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Biglari Holdings Inc.

BH
Exchange
NYSE
Industry
Retail-Eating Places
SEC CIK
0001726173

In the last 90 days, Biglari Holdings Inc. insiders filed 1 open-market purchase and 0 sales; 113 institutions reported holding it in 13F filings for Q2 2026, worth $850.5M in total; no superinvestor holds it.

Other share classesBH.A

Four kinds of short-selling data, each measuring something different:

  • Short interest: shares sold short and not yet bought back, as of a settlement date. FINRA publishes it twice a month, about eight business days after the settlement date.
  • Daily short volume: shares sold short each day in off-exchange trades reported to FINRA. It counts trades, not open positions, and is published the next day.
  • Fails-to-deliver: shares not delivered by the settlement date. The SEC publishes them twice a month, about two weeks late.
  • ATS (dark pool) volume: weekly volume on alternative trading systems and other off-exchange venues. FINRA publishes it two to four weeks after the week.

More in the glossary.

Short interest

Shares sold short and not yet bought back, from FINRA, on every settlement date in the last two years.

Short interest
141.7K
Shares, settlement Oct 30, 2026
Change
−36.1K
−20.3% vs. Oct 15, 2026
Days to cover
1.53
Short interest ÷ average daily volume
Average daily volume
92.5K
Shares, as reported by FINRA
Short interest by settlement date
Oct 31, 2024: 9,231 sharesNov 15, 2024: 12,291 sharesNov 29, 2024: 14,537 sharesDec 13, 2024: 17,049 sharesDec 31, 2024: 23,741 sharesJan 15, 2025: 25,393 sharesJan 31, 2025: 26,784 sharesFeb 14, 2025: 26,822 sharesFeb 28, 2025: 29,240 sharesMar 14, 2025: 23,524 sharesMar 31, 2025: 28,152 sharesApr 15, 2025: 27,655 sharesApr 30, 2025: 28,253 sharesMay 15, 2025: 24,174 sharesMay 30, 2025: 28,419 sharesJun 13, 2025: 32,378 sharesJun 30, 2025: 40,482 sharesJul 15, 2025: 44,247 sharesJul 31, 2025: 49,003 sharesAug 15, 2025: 66,504 sharesAug 29, 2025: 63,287 sharesSep 15, 2025: 64,865 sharesSep 30, 2025: 68,613 sharesOct 15, 2025: 63,699 sharesOct 31, 2025: 61,633 sharesNov 14, 2025: 65,611 sharesNov 28, 2025: 82,543 sharesDec 15, 2025: 84,042 sharesDec 31, 2025: 89,668 sharesJan 15, 2026: 91,476 sharesJan 30, 2026: 84,890 sharesFeb 13, 2026: 89,899 sharesFeb 27, 2026: 96,033 sharesMar 13, 2026: 122,706 sharesMar 31, 2026: 107,416 sharesApr 15, 2026: 96,641 sharesApr 30, 2026: 134,732 sharesMay 15, 2026: 169,133 sharesMay 29, 2026: 150,574 sharesJun 15, 2026: 138,131 sharesJun 30, 2026: 124,885 sharesJul 15, 2026: 131,805 sharesJul 31, 2026: 131,481 sharesAug 14, 2026: 132,299 sharesAug 31, 2026: 146,037 sharesSep 15, 2026: 158,600 sharesSep 30, 2026: 159,785 sharesOct 15, 2026: 177,807 sharesOct 30, 2026: 141,737 shares
Short interest in BH by settlement date
Settlement dateShort interestChangeChange %Avg. daily volumeDays to cover
Oct 30, 2026141.7K−36.1K−20.3%92.5K1.53
Oct 15, 2026177.8K+18.0K+11.3%82.4K2.16
Sep 30, 2026159.8K+1.19K+0.8%112.8K1.42
Sep 15, 2026158.6K+12.6K+8.6%194.0K1.00
Aug 31, 2026146.0K+13.7K+10.4%160.3K1.00
Aug 14, 2026132.3K+818+0.6%182.4K1.00
Jul 31, 2026131.5K−324−0.3%205.9K1.00
Jul 15, 2026131.8K+6.92K+5.5%58.6K2.25
Jun 30, 2026124.9K−13.2K−9.6%53.4K2.34
Jun 15, 2026138.1K−12.4K−8.3%60.7K2.28
May 29, 2026150.6K−18.6K−11.0%85.2K1.77
May 15, 2026169.1K+34.4K+25.5%58.9K2.87
Apr 30, 2026134.7K+38.1K+39.4%77.6K1.74
Apr 15, 202696.6K−10.8K−10.0%93.9K1.03
Mar 31, 2026107.4K−15.3K−12.5%109.6K1.00
Mar 13, 2026122.7K+26.7K+27.8%159.2K1.00
Feb 27, 202696.0K+6.13K+6.8%182.9K1.00
Feb 13, 202689.9K+5.01K+5.9%86.5K1.04
Jan 30, 202684.9K−6.59K−7.2%60.8K1.40
Jan 15, 202691.5K+1.81K+2.0%79.5K1.15
Dec 31, 202589.7K+5.63K+6.7%54.4K1.65
Dec 15, 202584.0K+1.50K+1.8%66.9K1.26
Nov 28, 202582.5K+16.9K+25.8%152.9K1.00
Nov 14, 202565.6K+3.98K+6.5%63.0K1.04
Oct 31, 202561.6K−2.07K−3.2%8.92K6.91
Oct 15, 202563.7K−4.91K−7.2%12.3K5.19
Sep 30, 202568.6K+3.75K+5.8%14.3K4.79
Sep 15, 202564.9K+1.58K+2.5%20.6K3.14
Aug 29, 202563.3K−3.22K−4.8%24.4K2.60
Aug 15, 202566.5K+17.5K+35.7%24.3K2.74
Jul 31, 202549.0K+4.76K+10.8%21.9K2.24
Jul 15, 202544.2K+3.77K+9.3%16.1K2.75
Jun 30, 202540.5K+8.10K+25.0%23.2K1.74
Jun 13, 202532.4K+3.96K+13.9%28.6K1.13
May 30, 202528.4K+4.25K+17.6%55.5K1.00
May 15, 202524.2K−4.08K−14.4%8.69K2.78
Apr 30, 202528.3K+598+2.2%11.8K2.39
Apr 15, 202527.7K−497−1.8%4.14K6.68
Mar 31, 202528.2K+4.63K+19.7%6.30K4.47
Mar 14, 202523.5K−5.72K−19.6%5.20K4.52
Feb 28, 202529.2K+2.42K+9.0%4.45K6.57
Feb 14, 202526.8K+38+0.1%2.51K10.68
Jan 31, 202526.8K+1.39K+5.5%4.14K6.48
Jan 15, 202525.4K+1.65K+7.0%11.7K2.16
Dec 31, 202423.7K+6.69K+39.3%24.6K1.00
Dec 13, 202417.0K+2.51K+17.3%8.33K2.05
Nov 29, 202414.5K+2.25K+18.3%8.28K1.76
Nov 15, 202412.3K+3.06K+33.2%7.47K1.64
Oct 31, 20249.23K+986+12.0%1.35K6.84

Fails-to-deliver

Shares that weren't delivered by the settlement date, from the SEC, for the last 30 dates with fails. The price is the previous day's closing price published by the SEC.

Fails-to-deliver in BH by settlement date
Settlement dateSharesPriceValue
Oct 14, 2026377$388.05$146.3K
Oct 13, 2026181$365.54$66.2K
Oct 9, 20262,160$367.70$794.2K
Oct 8, 20262,298$368.90$847.7K
Oct 2, 2026716$357.19$255.7K
Sep 30, 202673$339.63$24.8K
Sep 28, 2026722$344.81$249.0K
Sep 22, 2026154$343.13$52.8K
Sep 18, 202620$352.93$7.06K
Sep 15, 20261,424$364.95$519.7K
Sep 2, 2026812$390.01$316.7K
Aug 18, 202689$391.30$34.8K
Aug 14, 2026322$388.16$125.0K
Aug 11, 202696$385.62$37.0K
Aug 4, 2026923$391.75$361.6K
Jul 30, 2026166$382.51$63.5K
Jul 28, 2026172$373.46$64.2K
Jul 27, 20261,012$381.39$386.0K
Jul 22, 2026912$393.57$358.9K
Jul 21, 20261,782$382.39$681.4K
Jul 20, 2026770$384.19$295.8K
Jul 17, 2026195$393.70$76.8K
Jul 16, 2026303$388.19$117.6K
Jul 15, 20262,312$384.81$889.7K
Jul 2, 2026504$420.65$212.0K
Jun 29, 2026278$403.99$112.3K
Jun 26, 202660$375.94$22.6K
Jun 25, 2026598$359.51$215.0K
Jun 24, 202674$345.47$25.6K
Jun 23, 20261,182$336.00$397.2K

Daily short volume

Off-exchange short-sale volume, not short interest: shares sold short each day in trades reported to FINRA, for the last 30 trading days.

The short volume ratio isn't a sentiment gauge: market makers sell short to fill buy orders and to hedge, so short sales are usually about half of off-exchange volume.

Off-exchange short volume in BH by trade date
Trade dateShort volumeShort exemptOff-exchange volumeShort volume ratio
Nov 13, 20267,318110,92567.0%
Nov 12, 202610,052014,64368.6%
Nov 11, 20266,856011,73158.4%
Nov 10, 202627,059055,61048.7%
Nov 9, 202613,307020,07466.3%
Nov 6, 202615,35247720,88973.5%
Nov 5, 20266,77146111,68158.0%
Nov 4, 20266,06909,46864.1%
Nov 3, 20268,474012,06970.2%
Nov 2, 20266,635013,03950.9%
Oct 30, 202611,559016,75869.0%
Oct 29, 20265,958011,69850.9%
Oct 28, 20268,342214,01459.5%
Oct 27, 202611,439016,37069.9%
Oct 26, 202617,167022,51976.2%
Oct 23, 202610,516517,08861.5%
Oct 22, 202614,017023,50559.6%
Oct 21, 202619,993047,53842.1%
Oct 20, 202620,6751232,38863.8%
Oct 19, 202616,140028,99355.7%
Oct 16, 202619,579029,83065.6%
Oct 15, 202612,632021,49858.8%
Oct 14, 202635,976046,78176.9%
Oct 13, 202621,931031,20670.3%
Oct 12, 20267,882013,14060.0%
Oct 9, 20267,974014,42455.3%
Oct 8, 202610,894016,78464.9%
Oct 7, 202620,320032,38662.7%
Oct 6, 202615,634023,21367.4%
Oct 5, 20269,299016,35656.9%

ATS (dark pool) volume

Weekly volume on alternative trading systems (ATS) and other off-exchange (OTC) venues, from FINRA, for the last 12 weeks. ATS share is ATS volume ÷ (ATS + OTC volume), not a share of all trading.

Weekly ATS and OTC volume in BH
Week ofTierATS sharesATS tradesOther OTC sharesOther OTC tradesATS share
Oct 5, 2026T247,2933,48661,2023,43843.6%
Sep 28, 2026T233,8202,72788,1643,88827.7%
Sep 21, 2026T251,3704,192115,3354,35230.8%
Sep 14, 2026T285,5224,996392,2836,89517.9%
Sep 7, 2026T264,5114,940437,3535,94712.9%
Aug 31, 2026T2104,5509,533527,8017,38616.5%
Aug 24, 2026T230,4743,055117,5684,61720.6%
Aug 17, 2026T282,6376,718899,14212,2578.4%
Aug 10, 2026T278,2015,116338,1817,82818.8%
Aug 3, 2026T290,1986,337235,6848,51827.7%
Jul 27, 2026T2124,9265,055500,1459,95720.0%
Jul 20, 2026T2119,8256,177133,0424,81047.4%