Novanta Short Interest Ratio and Short Volume

+1.43 (+1.06 %)
(As of 04/15/2021 04:00 PM ET)
Today's Range
Now: $136.14
50-Day Range
MA: $131.34
52-Week Range
Now: $136.14
Volume63,707 shs
Average Volume109,049 shs
Market Capitalization$4.82 billion
P/E Ratio117.36
Dividend YieldN/A

Short Interest

Novanta (NASDAQ:NOVT) Short Interest Data

Current Short Volume570,600 shares
Previous Short Volume528,200 shares
Change Vs. Previous Month:+8.03%
Dollar Volume Sold Short$76.57 million
Short Interest Ratio / Days to Cover5.2
Last Record DateMarch, 31 2021
Outstanding Shares34,990,000 shares
Float Size34,440,000 shares
Short Percent of Float1.66%
Today's Trading Volume63,707 shares
Average Trading Volume109,049 shares
Today's Volume Vs. Average-41.58%

Short Interest Over Time

Novanta (NASDAQ:NOVT) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021570,600 shares $76.57 million +8.0%1.7%5.2 $134.19
3/15/2021528,200 shares $69.85 million -3.2%1.5%4.6 $132.25
2/26/2021545,500 shares $69.15 million +0.1%1.6%5.3 $126.77
2/12/2021545,200 shares $72.15 million +7.8%1.6%5.7 $132.33
1/29/2021505,800 shares $70.31 million +8.5%1.5%5 $139.01
1/15/2021466,400 shares $59.20 million +6.4%1.4%4.7 $126.93
12/31/2020447,800 shares $59.21 million +9.1%1.3%5 $132.22
12/15/2020447,800 shares $53.74 million +9.1%1.3%5 $120.00
11/30/2020410,500 shares $51.33 million -3.2%1.2%4.2 $125.05
11/15/2020424,100 shares $50.88 million -0.7%1.2%4 $119.98
10/30/2020427,200 shares $48.43 million +5.5%1.3%4.3 $113.36
10/15/2020404,800 shares $45.78 million +2.8%1.2%4 $113.10
9/30/2020393,800 shares $45.18 million -10.6%1.2%3.8 $114.74
9/15/2020440,300 shares $45.33 million +5.3%1.3%3.9 $102.95
8/31/2020418,300 shares $40.70 million -9.8%1.2%3.7 $97.30
8/14/2020463,800 shares $50.33 million -12.1%1.4%4 $108.52
7/31/2020527,800 shares $59.47 million -8.9%1.5%3.9 $112.67
7/15/2020579,300 shares $60.06 million -2.1%1.7%4 $103.68
6/30/2020591,700 shares $60.96 million +44.9%1.7%4 $103.02
6/15/2020408,500 shares $43.42 million -12.7%1.2%2.6 $106.28
5/29/2020468,100 shares $48.11 million +19.5%1.4%2.8 $102.78
5/15/2020391,600 shares $40.22 million -43.2%1.2%2.3 $102.71
4/30/2020689,400 shares $72.01 million -13.4%2.0%4.5 $104.45
4/15/2020796,000 shares $69.98 million +5.2%2.3%5.6 $87.91
3/31/2020756,600 shares $62.90 million +47.1%2.2%5.3 $83.13

Novanta (NASDAQ:NOVT) Short Interest FAQ

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What is Novanta's current short interest?

Short interest is the volume of Novanta shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 570,600 shares of NOVT short. 1.66% of Novanta's shares are currently sold short. View details.

What is a good short interest ratio for Novanta?

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. Novanta currently has a short interest ratio of 5.0.

What is a good short interest percentage for Novanta?

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. 1.66% of Novanta's floating shares are currently sold short.

Is Novanta's short interest increasing or decreasing?

Novanta saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 570,600 shares, an increase of 8.0% from the previous total of 528,200 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 Novanta's float size?

Novanta currently has issued a total of 35,384,000 shares. Some of Novanta'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. Novanta currently has a public float of 34,440,000 shares.

How does Novanta's short interest compare to its competitors?

1.66% of Novanta's shares are currently sold short. Here is how the short interest of companies in the industry of "miscellaneous electrical machinery, equipment, & supplies" compare to Novanta: CAE Inc. (0.87%), Spectrum Brands Holdings, Inc. (3.00%), Atkore Inc. (1.76%), Energizer Holdings, Inc. (4.70%), FuelCell Energy, Inc. (0.00%), Integer Holdings Co. (2.63%), Eos Energy Enterprises, Inc. (12.81%), CBAK Energy Technology, Inc. (5.67%), Byrna Technologies Inc. (0.00%), and Romeo Power, Inc. (13.67%).

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 Novanta stock?

Short selling NOVT is an investing strategy that aims to generate trading profit from Novanta as its price is falling. Novanta's stock is trading up $1.43 today. To short Novanta 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 Novanta 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 Novanta?

A short squeeze for Novanta 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 NOVT, which in turn drives the price of the stock up even further.

How often is Novanta'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 NOVT, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/15/2021 by Staff
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