Canoo (GOEVW) Short Interest Ratio & Short Volume

Short interest is the volume of Canoo shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 15,100 shares of GOEVW short. Learn More on Canoo's current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Canoo: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Canoo saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 15,100 shares, an increase of 19.8% from the previous total of 12,600 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.

Here is how the short interest of companies in the sector of "consumer cyclical" compare to Canoo: Bit Brother Limited (4.69%), Gogoro Inc. (1.74%), Rivian Automotive, Inc. (15.56%), Eightco Holdings Inc. (1.38%), SIGNA Sports United (0.15%), Energy Focus, Inc. (0.71%), Millennium Group International Holdings Limited (2.07%), Chanson International Holding (0.29%), MOGU Inc. (0.35%), BowFlex Inc. (2.51%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling GOEVW is an investing strategy that aims to generate trading profit from Canoo as its price is falling. GOEVW shares are trading down $0.00 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 Canoo 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 GOEVW, 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 GOEVW, twice per month. The most recent reporting period available is November, 15 2023.