Credit Acceptance Short Interest Ratio and Short Volume

-7.23 (-1.97 %)
(As of 04/13/2021 12:00 AM ET)
Today's Range
Now: $360.68
50-Day Range
MA: $372.78
52-Week Range
Now: $360.68
Volume67,033 shs
Average Volume148,127 shs
Market Capitalization$6.07 billion
P/E Ratio15.72
Dividend YieldN/A

Short Interest

Credit Acceptance (NASDAQ:CACC) Short Interest Data

Current Short Volume1,900,000 shares
Previous Short Volume1,940,000 shares
Change Vs. Previous Month:-2.06%
Dollar Volume Sold Short$699.03 million
Short Interest Ratio / Days to Cover12.9
Last Record DateMarch, 31 2021
Outstanding Shares18,800,000 shares
Float Size10,670,000 shares
Short Percent of Float17.81%
Today's Trading Volume67,033 shares
Average Trading Volume148,127 shares
Today's Volume Vs. Average-54.75%

Short Interest Over Time

Credit Acceptance (NASDAQ:CACC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20211,900,000 shares $699.03 million -2.1%17.8%12.9 $367.91
3/15/20211,940,000 shares $712.08 million +5.4%18.2%12.8 $367.05
2/26/20211,840,000 shares $738.12 million +2.8%17.2%12.6 $401.15
2/12/20211,790,000 shares $649.81 million -1.7%16.3%11 $363.02
1/29/20211,820,000 shares $636.09 million -20.9%14.3%9.7 $349.50
1/15/20212,300,000 shares $854.43 million -0.9%17.4%12.1 $371.49
12/31/20202,360,000 shares $804.93 million -2.5%17.8%12.9 $341.07
12/15/20202,360,000 shares $814.29 million -2.5%17.8%12.9 $345.04
11/30/20202,420,000 shares $803.92 million +2.5%18.3%12.1 $332.20
11/15/20202,360,000 shares $704.41 million -4.1%17.8%11.2 $298.48
10/30/20202,460,000 shares $770.67 million +7.9%18.6%12.9 $313.28
10/15/20202,280,000 shares $740.04 million +7.0%17.2%13.7 $324.58
9/30/20202,130,000 shares $731.61 million -2.3%16.1%13.2 $343.48
9/15/20202,180,000 shares $661.17 million +17.8%16.5%13.3 $303.29
8/31/20201,850,000 shares $631.57 million +3.4%14.0%11.3 $341.39
8/14/20201,790,000 shares $669.59 million -11.4%13.5%9.9 $374.07
7/31/20202,020,000 shares $970.91 million -8.2%15.3%10.3 $480.65
7/15/20202,200,000 shares $1.03 billion No Change16.7%9.9 $467.94
6/30/20202,200,000 shares $1.00 billion -12.0%16.7%8.2 $455.31
6/15/20202,500,000 shares $1.05 billion -12.0%18.9%8.2 $421.26
5/29/20202,840,000 shares $1.17 billion -5.7%24.8%8.3 $412.50
5/15/20203,010,000 shares $1.11 billion +0.7%25.2%9.4 $369.82
4/30/20202,990,000 shares $1.13 billion +10.7%25.1%10.3 $377.66
4/15/20202,700,000 shares $878.28 million +16.9%22.7%9.7 $325.29
3/31/20202,310,000 shares $627.81 million +37.0%19.5%9.7 $271.78

Credit Acceptance (NASDAQ:CACC) Short Interest FAQ

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What is Credit Acceptance's current short interest?

Short interest is the volume of Credit Acceptance shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 1,900,000 shares of CACC short. 17.81% of Credit Acceptance's shares are currently sold short. View details.

What is a good short interest ratio for Credit Acceptance?

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. Credit Acceptance currently has a short interest ratio of 13.0.

What is a good short interest percentage for Credit Acceptance?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 17.81% of Credit Acceptance's floating shares are currently sold short.

Is Credit Acceptance's short interest increasing or decreasing?

Credit Acceptance saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,900,000 shares, a drop of 2.1% from the previous total of 1,940,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Credit Acceptance's float size?

Credit Acceptance currently has issued a total of 16,819,000 shares. Some of Credit Acceptance's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Credit Acceptance currently has a public float of 10,670,000 shares.

How does Credit Acceptance's short interest compare to its competitors?

17.81% of Credit Acceptance's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "consumer finance" compare to Credit Acceptance: American Express (0.83%), Capital One Financial Co. (1.06%), Discover Financial Services (2.02%), SLM Co. (3.66%), Nelnet, Inc. (0.99%), Green Dot Co. (5.27%), PRA Group, Inc. (8.03%), Encore Capital Group, Inc. (13.51%), World Acceptance Co. (12.17%), and Regional Management Corp. (2.64%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Credit Acceptance stock?

Short selling CACC is an investing strategy that aims to generate trading profit from Credit Acceptance as its price is falling. Credit Acceptance's stock is trading down $7.23 today. To short Credit Acceptance 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 Credit Acceptance 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.

How does a short squeeze work against Credit Acceptance?

A short squeeze for Credit Acceptance 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 CACC, which in turn drives the price of the stock up even further.

How often is Credit Acceptance's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CACC, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/13/2021 by Staff
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