Neovasc (NVCN) Short Interest Ratio & Short Volume

Short interest is the volume of Neovasc shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 21,300 shares of NVCN short. 0.80% of Neovasc's shares are currently sold short. Learn More on Neovasc's current short interest.

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. 0.80% of Neovasc's floating shares are currently sold short.

Neovasc saw a increase in short interest in March. As of March 15th, there was short interest totaling 21,300 shares, an increase of 80.5% from the previous total of 11,800 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.

Neovasc currently has issued a total of 2,740,000 shares. Some of Neovasc'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. Neovasc currently has a public float of 2,650,000 shares.

0.80% of Neovasc's shares are currently sold short. Here is how the short interest of companies in the industry of "surgical & medical instruments" compare to Neovasc: Neuronetics, Inc. (12.57%), Cerus Co. (5.85%), OraSure Technologies, Inc. (2.91%), Pro-Dex, Inc. (4.82%), Nevro Corp. (4.66%), Pulmonx Co. (3.38%), Anika Therapeutics, Inc. (2.86%), Nyxoah S.A. (1.29%), AVITA Medical, Inc. (11.32%), CVRx, Inc. (7.78%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

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