Code Chain New Continent (CCNC) Short Interest Ratio & Short Volume

Short interest is the volume of Code Chain New Continent shares that have been sold short but have not yet been closed out or covered. As of December 15th, traders have sold 7,400 shares of CCNC short. 0.51% of Code Chain New Continent's shares are currently sold short. Learn More on Code Chain New Continent's current short interest.

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. 0.51% of Code Chain New Continent's floating shares are currently sold short.

Code Chain New Continent saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 7,400 shares, an increase of 72.1% from the previous total of 4,300 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.

Code Chain New Continent currently has issued a total of 1,837,000 shares. Some of Code Chain New Continent'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. Code Chain New Continent currently has a public float of 1,440,000 shares.

0.51% of Code Chain New Continent's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to Code Chain New Continent: comScore, Inc. (0.64%), X3 Holdings Co., Ltd. (0.14%), Hudson Global, Inc. (0.42%), SPAR Group, Inc. (0.44%), TOMI Environmental Solutions, Inc. (0.29%), GEE Group Inc. (0.97%), Hitek Global Inc. (0.02%), SOS Limited Unsponsored ADR (4.17%), CXApp Inc. (9.22%), NiSun International Enterprise Development Group Co., Ltd. (0.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Corporation ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), Pacific Gas & Electric Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling CCNC is an investing strategy that aims to generate trading profit from Code Chain New Continent as its price is falling. CCNC shares are trading down $0.06 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 Code Chain New Continent 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 CCNC, 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 CCNC, twice per month. The most recent reporting period available is December, 15 2022.