Cumulus Media Short Interest Ratio and Short Volume

+0.18 (+1.90 %)
(As of 04/16/2021 04:00 PM ET)
Today's Range
Now: $9.66
50-Day Range
MA: $10.05
52-Week Range
Now: $9.66
Volume57,790 shs
Average Volume122,124 shs
Market Capitalization$197.17 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Cumulus Media (NASDAQ:CMLS) Short Interest Data

Current Short Volume309,000 shares
Previous Short Volume372,000 shares
Change Vs. Previous Month:-16.94%
Dollar Volume Sold Short$2.81 million
Short Interest Ratio / Days to Cover2.4
Last Record DateMarch, 31 2021
Outstanding Shares14,160,000 shares
Percentage of Shares Shorted1.51%
Today's Trading Volume57,790 shares
Average Trading Volume122,124 shares
Today's Volume Vs. Average-52.68%

Short Interest Over Time

Cumulus Media (NASDAQ:CMLS) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021309,000 shares $2.81 million -16.9%N/A2.4 $9.08
3/15/2021372,000 shares $3.82 million -4.6%N/A2.9 $10.27
2/26/2021389,900 shares $4.09 million -15.5%N/A3.1 $10.48
2/12/2021461,300 shares $4.47 million -27.6%N/A3.8 $9.69
1/29/2021637,200 shares $6.55 million -3.9%N/A5.9 $10.28
1/15/2021663,000 shares $5.87 million +0.2%N/A7.3 $8.85
12/31/2020676,200 shares $5.59 million +7.7%N/A8.4 $8.26
12/15/2020676,200 shares $5.91 million +7.7%N/A8.4 $8.74
11/30/2020627,900 shares $5.39 million -2.3%N/A7.9 $8.58
11/15/2020642,800 shares $5.64 million -7.5%N/A7.7 $8.77
10/30/2020694,700 shares $4.49 million +1.6%N/A7.1 $6.46
10/15/2020683,800 shares $3.68 million -7.8%N/A5.1 $5.38
9/30/2020741,800 shares $3.72 million +6.6%N/A4.6 $5.02
9/15/2020696,100 shares $3.38 million -1.1%N/A2.8 $4.85
8/31/2020703,600 shares $3.67 million -11.9%N/A2.5 $5.21
8/14/2020798,400 shares $3.96 million +8.1%N/A2.4 $4.96
7/31/2020738,300 shares $4.15 million +0.2%N/A2.2 $5.62
7/15/2020736,500 shares $2.89 million -15.0%N/A2.4 $3.93
6/30/2020866,700 shares $3.45 million +5.5%N/A2.9 $3.98
6/15/2020821,300 shares $3.70 million -4.7%N/A3.5 $4.51
5/29/2020862,000 shares $3.70 million -3.4%N/A4.3 $4.29
5/15/2020892,200 shares $4.61 million +31.5%N/A5.3 $5.17
4/30/2020678,500 shares $4.08 million +4.4%N/A5.5 $6.01
4/15/2020650,000 shares $2.55 million +56.9%N/A6 $3.93
3/31/2020414,300 shares $1.62 million +5.2%N/A4.3 $3.92

Cumulus Media (NASDAQ:CMLS) Short Interest FAQ

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What is Cumulus Media's current short interest?

Short interest is the volume of Cumulus Media shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 309,000 shares of CMLS short.

What is a good short interest ratio for Cumulus Media?

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. Cumulus Media currently has a short interest ratio of 2.0.

Is Cumulus Media's short interest increasing or decreasing?

Cumulus Media saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 309,000 shares, a drop of 16.9% from the previous total of 372,000 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.

How does Cumulus Media's short interest compare to its competitors?

0.00% of Cumulus Media's shares are currently sold short. Here is how the short interest of companies in the industry of "radio broadcasting stations" compare to Cumulus Media: Spotify Technology S.A. (4.06%), Tencent Music Entertainment Group (0.00%), Sirius XM Holdings Inc. (16.62%), Corus Entertainment Inc. (0.00%), Urban One, Inc. (0.00%), Townsquare Media, Inc. (1.47%), Saga Communications, Inc. (1.95%), Urban One, Inc. (0.77%), Beasley Broadcast Group, Inc. (0.31%), and Salem Media Group, Inc. (3.03%).

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 Cumulus Media stock?

Short selling CMLS is an investing strategy that aims to generate trading profit from Cumulus Media as its price is falling. Cumulus Media's stock is trading up $0.18 today. To short Cumulus Media 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 Cumulus Media 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 Cumulus Media?

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

How often is Cumulus Media'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 CMLS, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/18/2021 by Staff
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