Cardinal Health Short Interest Ratio and Short Volume

+1.62 (+2.87 %)
(As of 05/7/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume3.15 million shs
Average Volume1.99 million shs
Market Capitalization$17.08 billion
P/E Ratio17.57
Dividend Yield3.43%

Short Interest

Cardinal Health (NYSE:CAH) Short Interest Data

Current Short Volume3,840,000 shares
Previous Short Volume4,160,000 shares
Change Vs. Previous Month-7.69%
Dollar Volume Sold Short$233.55 million
Short Interest Ratio / Days to Cover2.0
Last Record DateApril, 15 2021
Outstanding Shares298,060,000 shares
Float Size292,550,000 shares
Short Percent of Float1.31%
Today's Trading Volume3,152,569 shares
Average Trading Volume1,989,891 shares
Today's Volume Vs. Average58.43%

Short Interest Over Time

Cardinal Health (NYSE:CAH) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20213,840,000 shares $233.55 million -7.7%1.3%2$60.82
3/31/20214,160,000 shares $259.08 million -1.9%1.4%2.1$62.28
3/15/20214,240,000 shares $243.16 million -21.3%1.5%2.2$57.35
2/26/20215,390,000 shares $281.03 million -19.8%1.8%2.8$52.14
2/12/20216,720,000 shares $352.20 million +66.3%2.3%3.4$52.41
1/29/20214,040,000 shares $224.50 million +14.8%1.4%1.9$55.57
1/15/20213,520,000 shares $194.97 million +16.6%1.2%1.7$55.39
12/31/20203,020,000 shares $161.54 million -36.7%1.0%1.5$53.49
12/15/20204,770,000 shares $255.43 million +3.0%1.6%2.3$53.55
11/30/20204,630,000 shares $249.00 million +13.2%1.6%2$53.78
11/15/20204,090,000 shares $234.89 million -10.1%1.4%1.8$57.43
10/30/20204,550,000 shares $207.53 million +27.1%1.6%2.1$45.61
10/15/20203,580,000 shares $173.16 million -3.0%1.2%1.6$48.37
9/30/20203,690,000 shares $173.25 million -6.6%1.3%1.6$46.95
9/15/20203,950,000 shares $183.87 million -13.0%1.4%1.7$46.55
8/31/20204,540,000 shares $230.45 million +6.8%1.6%2$50.76
8/14/20204,250,000 shares $228.14 million -1.6%1.5%1.9$53.68
7/31/20204,320,000 shares $235.96 million -15.3%1.5%1.8$54.62
7/15/20205,100,000 shares $265.66 million +8.5%1.8%2.1$52.09
6/30/20204,700,000 shares $245.29 million +14.1%1.6%1.9$52.19
6/15/20204,120,000 shares $220.26 million +11.1%1.4%1.6$53.46
5/29/20203,710,000 shares $202.90 million -7.3%1.3%1.3$54.69
5/15/20204,000,000 shares $195.80 million +1.5%1.4%1.3$48.95
4/30/20203,940,000 shares $194.95 million -10.5%1.4%1.3$49.48
4/15/20204,400,000 shares $220.31 million +21.2%1.5%1.4$50.07

Cardinal Health (NYSE:CAH) Short Interest FAQ

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What is Cardinal Health's current short interest?

Short interest is the volume of Cardinal Health shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 3,840,000 shares of CAH short. 1.31% of Cardinal Health's shares are currently sold short. View details.

What is a good short interest ratio for Cardinal Health?

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. Cardinal Health currently has a short interest ratio of 2.0.

What is a good short interest percentage for Cardinal Health?

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. 1.31% of Cardinal Health's floating shares are currently sold short.

Is Cardinal Health's short interest increasing or decreasing?

Cardinal Health saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,840,000 shares, a decline of 7.7% from the previous total of 4,160,000 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.

What is Cardinal Health's float size?

Cardinal Health currently has issued a total of 293,668,000 shares. Some of Cardinal Health'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. Cardinal Health currently has a public float of 292,550,000 shares.

How does Cardinal Health's short interest compare to its competitors?

1.31% of Cardinal Health's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Cardinal Health: Moderna, Inc. (0.00%), Bayer Aktiengesellschaft (0.00%), Boston Scientific Co. (0.00%), Humana Inc. (1.39%), Edwards Lifesciences Co. (0.00%), Illumina, Inc. (1.99%), Vertex Pharmaceuticals Incorporated (0.00%), Takeda Pharmaceutical Company Limited (0.35%), Regeneron Pharmaceuticals, Inc. (2.69%), and Lonza Group Ltd (0.00%).

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. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Cardinal Health stock?

Short selling CAH is an investing strategy that aims to generate trading profit from Cardinal Health as its price is falling. Cardinal Health's stock is trading up $1.62 today. To short Cardinal Health 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 Cardinal Health 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 Cardinal Health?

A short squeeze for Cardinal Health 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 CAH, which in turn drives the price of the stock up even further.

How often is Cardinal Health'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 CAH, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/8/2021 by MarketBeat.com Staff
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