Cango (CANG) Short Interest Ratio & Short Volume

Short interest is the volume of Cango shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 27,700 shares of CANG short. 0.03% of Cango's shares are currently sold short. Learn More on Cango'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. 0.03% of Cango's floating shares are currently sold short.

Cango saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 27,700 shares, an increase of 31.9% from the previous total of 21,000 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.

Cango currently has issued a total of 134,790,000 shares. Some of Cango'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. Cango currently has a public float of 93,720,000 shares.

0.03% of Cango's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Cango: eGain Co. (1.15%), Kaltura, Inc. (1.37%), AudioEye, Inc. (1.58%), Red Violet, Inc. (6.77%), Consensus Cloud Solutions, Inc. (3.59%), Cheetah Mobile Inc. (0.28%), Xunlei Limited (0.03%), ON24, Inc. (1.95%), Domo, Inc. (3.02%), Materialise NV (0.14%),

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