NuVasive (NUVA) Short Interest Ratio & Short Volume

Short interest is the volume of NuVasive shares that have been sold short but have not yet been covered or closed out. As of August 15th, investors have sold 5,760,000 shares of NUVA short. Learn More on NuVasive'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. NUVA shares currently have a short interest ratio of 9.0. Learn More on NuVasive's short interest ratio.

NuVasive saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 5,760,000 shares, a drop of 10.7% from the previous total of 6,450,000 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 NuVasive: Teleflex Incorporated (3.50%), Integer Holdings Co. (9.16%), AtriCure, Inc. (2.83%), Alphatec Holdings, Inc. (12.05%), Integra LifeSciences Holdings Co. (5.23%), Orthofix Medical Inc. (2.12%), Surmodics, Inc. (3.37%), AngioDynamics, Inc. (4.44%), Accuray Incorporated (4.01%), Rockwell Medical, Inc. (1.21%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.78 billion), Occidental Petroleum Co. ($3.04 billion), Royal Caribbean Cruises Ltd. ($2.10 billion), Celsius Holdings, Inc. ($1.98 billion), Coinbase Global, Inc. ($1.97 billion), T. Rowe Price Group, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.83 billion), Tractor Supply ($1.82 billion), Moderna, Inc. ($1.66 billion), and CarMax, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling NUVA is an investing strategy that aims to generate trading profit from NuVasive 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 NuVasive 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 NUVA, 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 NUVA, twice per month. The most recent reporting period available is August, 15 2023.