Charge Enterprises (CRGE) Short Interest Ratio & Short Volume

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. CRGE shares currently have a short interest ratio of 0.4. Learn More on Charge Enterprises's short interest ratio.

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. 10.15% of Charge Enterprises' floating shares are currently sold short.

Charge Enterprises saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 8,870,000 shares, a decrease of 51.1% from the previous total of 18,130,000 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.

Charge Enterprises currently has issued a total of 215,040,000 shares. Some of Charge Enterprises' 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. Charge Enterprises currently has a public float of 87,390,000 shares.

10.15% of Charge Enterprises' shares are currently sold short. Here is how the short interest of companies in the industry of "communication" compare to Charge Enterprises: MediaCo Holding Inc. (0.06%), BuzzFeed, Inc. (6.62%), Saga Communications, Inc. (0.21%), Elauwit Connection, Inc. (0.87%), uCloudlink Group Inc. Sponsored ADR (0.07%), Anghami Inc. (0.53%), Radio One, Inc. (3.15%), Core AI Holdings (0.45%), Radio One, Inc. (0.42%), Phoenix New Media Limited (0.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors Company ($3.76 billion), Occidental Petroleum Corporation ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply Company ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

Short selling CRGE is an investing strategy that aims to generate trading profit from Charge Enterprises as its price is falling. CRGE shares are trading down $0.02 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 Charge Enterprises 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 CRGE, 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 CRGE, twice per month. The most recent reporting period available is February, 15 2024.