Red Violet (RDVT) Short Interest Ratio & Short Volume

Short interest is the volume of Red Violet shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 721,900 shares of RDVT short. 6.77% of Red Violet's shares are currently sold short. Learn More on Red Violet'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. RDVT shares currently have a short interest ratio of 17.0. Learn More on Red Violet'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. 6.77% of Red Violet's floating shares are currently sold short.

Red Violet saw a decline in short interest in March. As of March 31st, there was short interest totaling 721,900 shares, a decline of 1.8% from the previous total of 735,500 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.

Red Violet currently has issued a total of 13,960,000 shares. Some of Red Violet'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. Red Violet currently has a public float of 10,670,000 shares.

6.77% of Red Violet's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Red Violet: ON24, Inc. (1.95%), Materialise NV (0.14%), eGain Co. (1.15%), Cango Inc. (0.03%), Porch Group, Inc. (11.95%), Kaltura, Inc. (1.37%), Innovid Corp. (0.38%), MiX Telematics Limited (0.04%), American Software, Inc. (0.94%), AudioEye, Inc. (1.58%),

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 RDVT is an investing strategy that aims to generate trading profit from Red Violet as its price is falling. RDVT shares are trading down $0.40 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 Red Violet 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 RDVT, 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 RDVT, twice per month. The most recent reporting period available is March, 31 2024.