Novo Integrated Sciences (NVOS) Short Interest Ratio & Short Volume

Short interest is the volume of Novo Integrated Sciences shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 625,900 shares of NVOS short. 4.02% of Novo Integrated Sciences' shares are currently sold short. Learn More on Novo Integrated Sciences' 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. NVOS shares currently have a short interest ratio of 1.0. Learn More on Novo Integrated Sciences's short interest ratio.

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. 4.02% of Novo Integrated Sciences' floating shares are currently sold short.

Novo Integrated Sciences saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 625,900 shares, an increase of 10.9% from the previous total of 564,400 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.

Novo Integrated Sciences currently has issued a total of 19,060,000 shares. Some of Novo Integrated Sciences' 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. Novo Integrated Sciences currently has a public float of 15,580,000 shares.

4.02% of Novo Integrated Sciences' shares are currently sold short. Here is how the short interest of companies compare to Novo Integrated Sciences: Cosmos Health Inc. (3.61%), Telesis Bio, Inc. (1.14%), PHAXIAM Therapeutics S.A. (0.01%), BioNexus Gene Lab Corp. (0.61%), Biotricity, Inc. (4.54%), RedHill Biopharma Ltd. (3.07%), Purple Biotech Ltd. (0.88%), Organovo Holdings, Inc. (1.61%), PetVivo Holdings, Inc. (1.49%), Elevai Labs, Inc. (0.19%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling NVOS is an investing strategy that aims to generate trading profit from Novo Integrated Sciences as its price is falling. NVOS shares are trading down $0.02 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 Novo Integrated Sciences 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 NVOS, 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 NVOS, twice per month. The most recent reporting period available is March, 31 2024.