Canterbury Park Short Interest Ratio and Short Volume

Canterbury Park (NASDAQ:CPHC) Short Interest Frequently Asked Questions

What is Canterbury Park's current short interest?

Short interest is the volume of Canterbury Park shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 19,400 shares of CPHC short. 0.80% of Canterbury Park's shares are currently sold short. Learn More on Canterbury Park's current short interest.

What is a good short interest ratio for Canterbury Park?

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. Canterbury Park currently has a short interest ratio of 3.0. Learn More on Canterbury Park's short interest ratio.

What is a good short interest percentage for Canterbury Park?

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. 0.80% of Canterbury Park's floating shares are currently sold short.

Is Canterbury Park's short interest increasing or decreasing?

Canterbury Park saw a increase in short interest in April. As of April 30th, there was short interest totaling 19,400 shares, an increase of 1,112.5% from the previous total of 1,600 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 Canterbury Park's float size?

Canterbury Park currently has issued a total of 4,840,000 shares. Some of Canterbury Park'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. Canterbury Park currently has a public float of 2,420,000 shares.

How does Canterbury Park's short interest compare to its competitors?

0.80% of Canterbury Park's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer discretionary" compare to Canterbury Park: The Beachbody Company, Inc. (4.23%), Allied Esports Entertainment Inc. (5.32%), Vitru Limited (0.36%), Civeo Co. (0.34%), DPCM Capital, Inc. (0.00%), Marine Products Co. (2.47%), Urban One, Inc. (1.00%), Hailiang Education Group Inc. (0.00%), Duluth Holdings Inc (5.10%), and The RealReal, Inc. (18.50%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.31 billion), Charter Communications, Inc. ($3.24 billion), Lucid Group, Inc. ($2.25 billion), HP Inc. ($2.22 billion), GameStop Corp. ($1.69 billion), Carnival Co. & plc ($1.66 billion), Snap Inc. ($1.64 billion), Wayfair Inc. ($1.63 billion), Rivian Automotive, Inc. ($1.60 billion), and Upstart Holdings, Inc. ($1.53 billion). View all of the most shorted stocks.

What does it mean to sell short Canterbury Park stock?

Short selling CPHC is an investing strategy that aims to generate trading profit from Canterbury Park as its price is falling. Canterbury Park's stock is trading up $0.30 today. To short Canterbury Park 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 Canterbury Park 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 Canterbury Park?

A short squeeze for Canterbury Park 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 CPHC, which in turn drives the price of the stock up even further.

How often is Canterbury Park'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 CPHC, twice per month. The most recent reporting period available is April, 30 2022.