Coupa Software - COUP Short Interest Ratio & Short Volume

Short interest is the volume of Coupa Software shares that have been sold short but have not yet been closed out or covered. As of February 15th, traders have sold 6,440,000 shares of COUP short. Learn More on Coupa Software's 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. COUP shares currently have a short interest ratio of 2.0. Learn More on Coupa Software's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Coupa Software: Parallax Volatility Advisers L.P., Jane Street Group LLC, Belvedere Trading LLC, Millennium Management LLC, Maven Securities LTD, Advantage Alpha Capital Partners LP, Centiva Capital LP, Susquehanna International Group LLP, CSS LLC IL, Antara Capital LP, Barclays PLC, Ramius Advisors LLC, Capital Fund Management S.A., JPMorgan Chase & Co., Group One Trading L.P., IMC Chicago LLC, Cutler Group LLC CA, Simplex Trading LLC, Bank of Montreal Can, Concourse Financial Group Securities Inc., CenterStar Asset Management LLC, and FNY Investment Advisers LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Coupa Software saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 6,440,000 shares, a decline of 6.4% from the previous total of 6,880,000 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.

Here is how the short interest of companies in the industry of "prepackaged software" compare to Coupa Software: Smartsheet Inc (2.80%), monday.com Ltd. (18.65%), Guidewire Software, Inc. (3.99%), Nutanix, Inc. (3.21%), National Instruments Co. (1.20%), Workiva Inc. (3.63%), Tenable Holdings, Inc. (3.55%), GitLab Inc. (10.88%), New Relic, Inc. (2.29%), and Dropbox, Inc. (4.87%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.09 billion), Occidental Petroleum Co. ($3.00 billion), T. Rowe Price Group, Inc. ($2.35 billion), Coinbase Global, Inc. ($2.30 billion), Paramount Global ($2.04 billion), Etsy, Inc. ($1.90 billion), Voya Financial, Inc. ($1.77 billion), CarMax, Inc. ($1.67 billion), Royal Caribbean Cruises Ltd. ($1.58 billion), and Monolithic Power Systems, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling COUP is an investing strategy that aims to generate trading profit from Coupa Software as its price is falling. COUP shares are trading up $0.63 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 Coupa Software 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 COUP, 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 COUP, twice per month. The most recent reporting period available is February, 15 2023.