NASDAQ:NOVS

Novus Capital Short Interest Ratio and Short Volume

Notice: This company has been marked as potentially delisted and may not be actively trading.
$16.98
-1.04 (-5.77 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$16.87
Now: $16.98
$18.10
50-Day Range
$16.87
MA: $28.63
$37.64
52-Week Range
$9.61
Now: $16.98
$28.98
Volume1.50 million shs
Average Volume370,842 shs
Market Capitalization$214.80 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A

Short Interest

Novus Capital (NASDAQ:NOVS) Short Interest Data

Current Short Volume423,100 shares
Previous Short Volume215,900 shares
Change Vs. Previous Month:+95.97%
Dollar Volume Sold Short$10.44 million
Short Interest Ratio / Days to Cover1.5
Last Record DateJanuary, 15 2021
Outstanding Shares12,650,000 shares
Float Size11,300,000 shares
Short Percent of Float3.74%
Today's Trading Volume1,500,568 shares
Average Trading Volume370,842 shares
Today's Volume Vs. Average304.64%

Short Interest Over Time


Novus Capital (NASDAQ:NOVS) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
1/15/2021423,100 shares $10.44 million No Change3.7%1.5 $24.68

Novus Capital (NASDAQ:NOVS) Short Interest FAQ

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What is Novus Capital's current short interest?

Short interest is the volume of Novus Capital shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 423,100 shares of NOVS short. 3.74% of Novus Capital's shares are currently sold short. View details.

What is a good short interest ratio for Novus Capital?

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. Novus Capital currently has a short interest ratio of 2.0.

What is a good short interest percentage for Novus Capital?

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. 3.74% of Novus Capital's floating shares are currently sold short.

Is Novus Capital's short interest increasing or decreasing?

Novus Capital saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 423,100 shares, an increase of 96.0% from the previous total of 215,900 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 Novus Capital's float size?

Novus Capital currently has issued a total of 12,650,000 shares. Some of Novus Capital'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. Novus Capital currently has a public float of 11,300,000 shares.

How does Novus Capital's short interest compare to its competitors?

3.74% of Novus Capital's shares are currently sold short. Here is how the short interest of companies in the industry of "agricultural production - crops" compare to Novus Capital: Limoneira (4.06%), BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (0.00%), Alico, Inc. (1.70%), AMAYA Global Holdings Corp. (0.00%), S&W Seed (0.16%), Origin Agritech Limited (0.00%), China Liaoning Dingxu Ecological Agriculture Development, Inc. (0.00%), Arcadia Biosciences, Inc. (0.00%), Shineco, Inc. (1.28%), and Scheid Vineyards Inc. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.95 billion), ViacomCBS Inc. ($6.14 billion), Aon plc ($4.66 billion), Analog Devices, Inc. ($4.54 billion), Moderna, Inc. ($3.96 billion), DuPont de Nemours, Inc. ($3.77 billion), Palantir Technologies Inc. ($3.53 billion), Snap Inc. ($3.48 billion), International Flavors & Fragrances Inc. ($3.45 billion), and Beyond Meat, Inc. ($2.78 billion). View all of the most shorted stocks.

What does it mean to sell short Novus Capital stock?

Short selling NOVS is an investing strategy that aims to generate trading profit from Novus Capital as its price is falling. Novus Capital's stock is trading down $1.04 today. To short Novus Capital 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 Novus Capital 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 Novus Capital?

A short squeeze for Novus Capital 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 NOVS, which in turn drives the price of the stock up even further.

How often is Novus Capital's 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 NOVS, twice per month. The most recent reporting period available is January, 15 2021.



This page was last updated on 4/11/2021 by MarketBeat.com Staff
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