Echo Global Logistics Short Interest Ratio and Short Volume

+0.29 (+0.89 %)
(As of 04/16/2021 04:00 PM ET)
Today's Range
Now: $32.88
50-Day Range
MA: $31.08
52-Week Range
Now: $32.88
Volume103,392 shs
Average Volume186,009 shs
Market Capitalization$874.87 million
P/E Ratio137.01
Dividend YieldN/A

Short Interest

Echo Global Logistics (NASDAQ:ECHO) Short Interest Data

Current Short Volume903,700 shares
Previous Short Volume912,500 shares
Change Vs. Previous Month:-0.96%
Dollar Volume Sold Short$28.84 million
Short Interest Ratio / Days to Cover4.7
Last Record DateMarch, 31 2021
Outstanding Shares27,280,000 shares
Float Size25,910,000 shares
Short Percent of Float3.49%
Today's Trading Volume103,392 shares
Average Trading Volume186,009 shares
Today's Volume Vs. Average-44.42%

Short Interest Over Time

Echo Global Logistics (NASDAQ:ECHO) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021903,700 shares $28.84 million -1.0%3.5%4.7 $31.91
3/15/2021912,500 shares $28.50 million +3.6%3.5%4.8 $31.23
2/26/2021880,700 shares $27.83 million +7.8%3.4%5.2 $31.60
2/12/2021817,300 shares $22.77 million -14.6%3.2%4.9 $27.86
1/29/2021956,500 shares $27.11 million -8.9%3.7%5.6 $28.34
1/15/20211,050,000 shares $28.92 million -5.4%4.0%6.5 $27.54
12/31/20201,040,000 shares $28.90 million +4.6%4.0%6.6 $27.79
12/15/20201,040,000 shares $27.59 million +4.6%4.0%6.6 $26.53
11/30/2020994,400 shares $27.85 million -1.5%3.8%6.8 $28.01
11/15/20201,010,000 shares $28.67 million +9.8%3.9%7 $28.39
10/30/2020919,900 shares $26.52 million +3.8%3.6%6.5 $28.83
10/15/2020886,500 shares $23.99 million -12.2%3.4%6.1 $27.06
9/30/20201,010,000 shares $27.88 million -6.5%3.9%6.2 $27.60
9/15/20201,080,000 shares $27.93 million +9.1%4.2%6.4 $25.86
8/31/2020990,400 shares $27.44 million +4.2%3.8%5.3 $27.71
8/14/2020950,100 shares $26.58 million -4.3%3.7%4.4 $27.98
7/31/2020993,000 shares $26.50 million +0.1%3.8%4.4 $26.69
7/15/2020992,300 shares $24.88 million -15.9%3.8%4 $25.07
6/30/20201,180,000 shares $31.15 million +6.3%4.6%4.9 $26.40
6/15/20201,110,000 shares $23.91 million -2.6%4.3%4.2 $21.54
5/29/20201,140,000 shares $24.11 million -12.3%4.4%4.1 $21.15
5/15/20201,300,000 shares $26.91 million -15.6%5.0%4.8 $20.70
4/30/20201,540,000 shares $32.49 million -4.4%5.9%6.1 $21.10
4/15/20201,610,000 shares $28.13 million -9.0%6.2%6.1 $17.47
3/31/20201,770,000 shares $28.27 million +3.1%6.8%6.7 $15.97

Echo Global Logistics (NASDAQ:ECHO) Short Interest FAQ

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What is Echo Global Logistics' current short interest?

Short interest is the volume of Echo Global Logistics shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 903,700 shares of ECHO short. 3.49% of Echo Global Logistics' shares are currently sold short. View details.

What is a good short interest ratio for Echo Global Logistics?

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. Echo Global Logistics currently has a short interest ratio of 5.0.

What is a good short interest percentage for Echo Global Logistics?

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. 3.49% of Echo Global Logistics' floating shares are currently sold short.

Is Echo Global Logistics' short interest increasing or decreasing?

Echo Global Logistics saw a drop in short interest in March. As of March 31st, there was short interest totaling 903,700 shares, a drop of 1.0% from the previous total of 912,500 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 Echo Global Logistics' float size?

Echo Global Logistics currently has issued a total of 26,608,000 shares. Some of Echo Global Logistics' 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. Echo Global Logistics currently has a public float of 25,910,000 shares.

How does Echo Global Logistics' short interest compare to its competitors?

3.49% of Echo Global Logistics' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "air freight & logistics" compare to Echo Global Logistics: United Parcel Service, Inc. (0.00%), FedEx Co. (1.40%), Expeditors International of Washington, Inc. (2.50%), XPO Logistics, Inc. (4.24%), C.H. Robinson Worldwide, Inc. (7.94%), Forward Air Co. (1.21%), Hub Group, Inc. (1.77%), Atlas Air Worldwide Holdings, Inc. (0.00%), Air Transport Services Group, Inc. (3.79%), and Park-Ohio Holdings Corp. (0.80%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Echo Global Logistics stock?

Short selling ECHO is an investing strategy that aims to generate trading profit from Echo Global Logistics as its price is falling. Echo Global Logistics' stock is trading up $0.29 today. To short Echo Global Logistics 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 Echo Global Logistics 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 Echo Global Logistics?

A short squeeze for Echo Global Logistics 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 ECHO, which in turn drives the price of the stock up even further.

How often is Echo Global Logistics' 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 ECHO, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/18/2021 by Staff
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