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Credo Technology Group (CRDO) Short Interest Ratio & Short Volume

$29.16
+0.66 (+2.32%)
(As of 11:51 AM ET)

Credo Technology Group Short Interest Data

Current Short Interest
10,550,000 shares
Previous Short Interest
11,890,000 shares
Change Vs. Previous Month
-11.27%
Dollar Volume Sold Short
$275.04 million
Short Interest Ratio
5.0 Days to Cover
Last Record Date
May 31, 2024
Outstanding Shares
163,290,000 shares
Float Size
127,360,000 shares
Short Percent of Float
8.28%
Today's Trading Volume
552,281 shares
Average Trading Volume
2,195,807 shares
Today's Volume Vs. Average
25%
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CRDO Short Interest Over Time

CRDO Days to Cover Over Time

CRDO Percentage of Float Shorted Over Time

Credo Technology Group Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/31/202410,550,000 shares $275.04 million -11.3%8.3%5 $26.07
5/15/202411,890,000 shares $224.84 million +2.7%9.4%6.2 $18.91
4/30/202411,580,000 shares $206.93 million +7.8%9.1%5.6 $17.87
4/15/202410,740,000 shares $208.79 million -2.7%8.5%5.1 $19.44
3/31/202411,040,000 shares $233.94 million +10.5%8.8%5 $21.19
3/15/20249,990,000 shares $190.11 million +5.6%8.0%4.5 $19.03
2/29/20249,460,000 shares $203.77 million +2.2%7.6%3.9 $21.54
2/15/20249,260,000 shares $208.44 million -1.2%8.4%3.8 $22.51
1/31/20249,370,000 shares $192.18 million +23.3%8.3%4.1 $20.51
1/15/20247,600,000 shares $143.64 million -3.6%6.7%3.6 $18.90
12/31/20237,880,000 shares $153.42 million -2.8%7.0%4.1 $19.47
12/15/20238,110,000 shares $157.33 million -5.7%7.4%4.4 $19.40
11/30/20238,600,000 shares $154.03 million +2.1%7.9%4.9 $17.91
11/15/20238,420,000 shares $146.59 million +7.1%7.8%5.5 $17.41
10/31/20237,860,000 shares $111.77 million -8.2%7.3%4.7 $14.22
10/15/20238,560,000 shares $133.19 million +1.2%8.0%4.9 $15.56
9/30/20238,460,000 shares $129.02 million +8.9%7.9%4.6 $15.25
9/15/20237,770,000 shares $116.24 million +6.3%7.2%4.1 $14.96
8/31/20237,310,000 shares $120.32 million +14.4%6.9%3.4 $16.46
8/15/20236,390,000 shares $95.08 million +8.7%6.6%2.5 $14.88
7/31/20235,880,000 shares $99.78 million -10.4%6.0%2.5 $16.97
7/15/20236,560,000 shares $110.86 million -2.5%6.8%2.9 $16.90
6/30/20236,730,000 shares $116.70 million -17.3%7.0%3.2 $17.34
6/15/20238,140,000 shares $144.24 million +6.1%8.6%3.9 $17.72
5/31/20237,670,000 shares $102.93 million +20.4%8.2%3.7 $13.42
5/15/20236,370,000 shares $54.85 million -12.3%6.8%3.8 $8.61
4/30/20237,260,000 shares $58.88 million -4.9%7.8%3.3 $8.11
4/15/20237,630,000 shares $67.83 million +12.7%8.2%3.2 $8.89
3/31/20236,770,000 shares $63.77 million -18.2%7.4%2.8 $9.42
3/15/20238,280,000 shares $68.31 million -2.5%9.0%3.6 $8.25
2/28/20238,490,000 shares $90.08 million +3.2%9.3%4.1 $10.61
2/15/20238,230,000 shares $84.77 million +1.7%9.1%4.1 $10.30
1/31/20238,090,000 shares $140.20 million +4.4%8.9%6.1 $17.33
1/15/20237,750,000 shares $114.24 million -3.7%8.5%6.9 $14.74
12/30/20228,050,000 shares $107.15 million -7.6%8.9%8 $13.31
12/15/20228,710,000 shares $122.46 million +0.2%9.2%8.1 $14.06
11/30/20228,690,000 shares $121.05 million -4.6%9.8%6 $13.93
11/15/20229,110,000 shares $139.93 million -16.6%10.3%5.9 $15.36
10/31/202210,920,000 shares $150.04 million +2.7%12.4%6.6 $13.74
10/15/202210,630,000 shares $113.10 million -1.9%12.1%6.1 $10.64
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9/30/202210,830,000 shares $119.13 million +65.9%12.4%6.5 $11.00
9/15/20226,530,000 shares $79.27 million +9.4%7.5%4.3 $12.14
8/31/20225,970,000 shares $82.33 million -5.2%6.9%5.6 $13.79
8/15/20226,300,000 shares $94.00 million -14.9%7.5%7.9 $14.92
7/31/20227,400,000 shares $118.77 million +4.4%8.5%12.3 $16.05
7/15/20227,090,000 shares $78.34 million No Change8.1%16.6 $11.05

CRDO Short Interest - Frequently Asked Questions

What is Credo Technology Group's current short interest?

Short interest is the volume of Credo Technology Group shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 11,890,000 shares of CRDO short. 9.37% of Credo Technology Group's shares are currently sold short. Learn More on Credo Technology Group's current short interest.

What is a good short interest ratio for Credo Technology Group?

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. CRDO shares currently have a short interest ratio of 6.0. Learn More on Credo Technology Group's short interest ratio.

Which institutional investors are shorting Credo Technology Group?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Credo Technology Group: Walleye Trading LLC, Jane Street Group LLC, PEAK6 Investments LLC, Concourse Financial Group Securities Inc., and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Credo Technology Group?

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. 9.37% of Credo Technology Group's floating shares are currently sold short.

Is Credo Technology Group's short interest increasing or decreasing?

Credo Technology Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,890,000 shares, an increase of 2.7% from the previous total of 11,580,000 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.

What is Credo Technology Group's float size?

Credo Technology Group currently has issued a total of 163,290,000 shares. Some of Credo Technology Group'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. Credo Technology Group currently has a public float of 126,840,000 shares.

How does Credo Technology Group's short interest compare to its competitors?

9.37% of Credo Technology Group's shares are currently sold short. Here is how the short interest of companies in the industry of "semiconductors & related devices" compare to Credo Technology Group: Enphase Energy, Inc. (9.17%), Skyworks Solutions, Inc. (3.93%), Qorvo, Inc. (2.39%), Lattice Semiconductor Co. (8.76%), Amkor Technology, Inc. (4.30%), MACOM Technology Solutions Holdings, Inc. (8.13%), Cirrus Logic, Inc. (1.61%), Rambus Inc. (3.29%), Allegro MicroSystems, Inc. (10.46%), Power Integrations, Inc. (6.46%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

What does it mean to sell short Credo Technology Group stock?

Short selling CRDO is an investing strategy that aims to generate trading profit from Credo Technology Group as its price is falling. CRDO shares are trading down $0.07 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.

How does a short squeeze work against Credo Technology Group?

A short squeeze for Credo Technology Group 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 CRDO, which in turn drives the price of the stock up even further.

How often is Credo Technology Group'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 CRDO, twice per month. The most recent reporting period available is May, 15 2024.



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This page (NASDAQ:CRDO) was last updated on 6/12/2024 by MarketBeat.com Staff

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