Neogen (NEOG) Short Interest Ratio & Short Volume

Short interest is the volume of Neogen shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 13,470,000 shares of NEOG short. Learn More on Neogen'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. NEOG shares currently have a short interest ratio of 8.0. Learn More on Neogen's short interest ratio.

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

Neogen saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 13,470,000 shares, an increase of 6.8% from the previous total of 12,610,000 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.

Here is how the short interest of companies in the sector of "medical" compare to Neogen: QuidelOrtho Co. (5.04%), Intellia Therapeutics, Inc. (10.57%), Lantheus Holdings, Inc. (7.09%), Myriad Genetics, Inc. (5.96%), Celldex Therapeutics, Inc. (16.67%), Nuvalent, Inc. (21.02%), ACADIA Pharmaceuticals Inc. (4.74%), Evotec SE (0.01%), Madrigal Pharmaceuticals, Inc. (24.30%), Insmed Incorporated (9.90%),

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 NEOG is an investing strategy that aims to generate trading profit from Neogen as its price is falling. NEOG shares are trading up $0.47 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 Neogen 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 NEOG, 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 NEOG, twice per month. The most recent reporting period available is November, 15 2023.