Livongo Health (LVGO) Short Interest Ratio & Short Volume

Short interest is the volume of Livongo Health shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 8,220,000 shares of LVGO short. 14.21% of Livongo Health's shares are currently sold short. Learn More on Livongo Health's current short interest.

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. LVGO shares currently have a short interest ratio of 2.0. Learn More on Livongo Health'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. 14.21% of Livongo Health's floating shares are currently sold short.

Livongo Health saw a decrease in short interest in October. As of October 15th, there was short interest totaling 8,220,000 shares, a decrease of 17.8% from the previous total of 10,000,000 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.

Livongo Health currently has issued a total of 101,585,000 shares. Some of Livongo Health'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. Livongo Health currently has a public float of 57,830,000 shares.

14.21% of Livongo Health's shares are currently sold short. Here is how the short interest of companies compare to Livongo Health: Teva Pharmaceutical Industries Limited (1.03%), Viatris Inc. (3.14%), Neurocrine Biosciences, Inc. (2.44%), BeiGene, Ltd. (1.81%), Quest Diagnostics Incorporated (2.32%), Revvity, Inc. (2.19%), Medpace Holdings, Inc. (3.82%), Fresenius Medical Care AG (0.19%), Karuna Therapeutics, Inc. (5.16%), FactSet Research Systems Inc. (3.49%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.12 billion), Aon plc ($3.90 billion), The Clorox Company ($3.00 billion), Analog Devices, Inc. ($2.81 billion), The Kroger Co. ($2.31 billion), Moderna, Inc. ($2.09 billion), Datadog, Inc. ($2.05 billion), Uber Technologies, Inc. ($1.99 billion), Peloton Interactive, Inc. ($1.94 billion), and International Flavors & Fragrances Inc. ($1.85 billion). View all of the most shorted stocks.

Short selling LVGO is an investing strategy that aims to generate trading profit from Livongo Health as its price is falling. 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 Livongo Health 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 LVGO, 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 LVGO, twice per month. The most recent reporting period available is October, 15 2020.