Covalon Technologies (CVALF) Short Interest Ratio & Short Volume

Short interest is the volume of Covalon Technologies shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 1,000 shares of CVALF short. Learn More on Covalon Technologies' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CVALF shares currently have a short interest ratio of 1.0. Learn More on Covalon Technologies's short interest ratio.

Here is how the short interest of companies compare to Covalon Technologies: EUDA Health Holdings Limited (0.21%), Agape ATP Co. (0.02%), Xcelerate Inc. (0.00%), Mitesco, Inc. (0.00%), Better Therapeutics, Inc. (8.29%), DCC plc (0.03%), LifeStance Health Group, Inc. (17.30%), Privia Health Group, Inc. (5.88%), U.S. Physical Therapy, Inc. (4.51%), The Pennant Group, Inc. (1.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling CVALF is an investing strategy that aims to generate trading profit from Covalon Technologies as its price is falling. CVALF shares are trading up $0.07 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Covalon Technologies occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of CVALF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CVALF, twice per month. The most recent reporting period available is May, 15 2024.