Computer Programs and Systems Short Interest Ratio and Short Volume

Short interest is the volume of Computer Programs and Systems shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 478,500 shares of CPSI short. 3.47% of Computer Programs and Systems' shares are currently sold short. View details.

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. Computer Programs and Systems currently has a short interest ratio of 6.0.

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. 3.47% of Computer Programs and Systems' floating shares are currently sold short.

Computer Programs and Systems saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 478,500 shares, a decrease of 14.2% from the previous total of 557,900 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.

Computer Programs and Systems currently has issued a total of 14,510,000 shares. Some of Computer Programs and Systems' 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. Computer Programs and Systems currently has a public float of 13,780,000 shares.

3.47% of Computer Programs and Systems' shares are currently sold short. Here is how the short interest of companies in the industry of "custom computer programming services" compare to Computer Programs and Systems: Virtusa Co. (1.64%), Perficient, Inc. (5.52%), PROS Holdings, Inc. (9.81%), Glu Mobile Inc. (10.82%), Formula Systems (1985) Ltd. (0.00%), Bright Mountain Media, Inc. (0.00%), AGM Group Holdings Inc (0.05%), Perion Network Ltd (2.53%), Synchronoss Technologies, Inc. (16.37%), and Innovative Solutions & Support Inc (0.32%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog, Inc. ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group, Inc. ($1.88 billion). View all of the most shorted stocks.

Short selling CPSI is an investing strategy that aims to generate trading profit from Computer Programs and Systems as its price is falling. Computer Programs and Systems' stock is trading down $0.39 today. To short Computer Programs and Systems 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 Computer Programs and Systems 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 Computer Programs and Systems 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 CPSI, 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 CPSI, twice per month. The most recent reporting period available is September, 30 2020.