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Canopy Growth Short Interest Ratio and Short Volume

-0.10 (-0.70 %)
(As of 09/25/2020 12:00 AM ET)
Today's Range
Now: $14.17
50-Day Range
MA: $16.47
52-Week Range
Now: $14.17
Volume3.44 million shs
Average Volume6.22 million shs
Market Capitalization$5.27 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Canopy Growth (NYSE:CGC) Short Interest Data

Current Short Volume:45,060,000 shares
Previous Short Volume:46,600,000 shares
Change Vs. Previous Month:-3.30%
Dollar Volume Sold Short:$638.50 million
Short Interest Ratio / Days to Cover:12.0
Last Record Date:September, 15 2020
Outstanding Shares:371,789,000 shares
Float Size:226,050,000 shares
Short Percent of Float:19.93%
Today's Trading Volume:3,442,695 shares
Average Trading Volume:6,220,993 shares
Today's Volume Vs. Average:-44.66%

Canopy Growth (NYSE:CGC) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
9/15/202045,060,000 $638.50 million -3.3%19.9%11.7$14.17
8/31/202046,600,000 $760.98 million -0.9%20.6%11.2$16.33
8/14/202047,040,000 $771.93 million 11.0%20.9%8.5$16.41
7/31/202042,370,000 $714.36 million 1.5%18.8%6.6$16.86
7/15/202041,750,000 $763.19 million -8.6%18.6%6.7$18.28
6/30/202045,670,000 $752.18 million -2.4%21.2%7.2$16.47
6/15/202046,770,000 $774.98 million 2.1%21.7%6.8$16.57
5/29/202045,800,000 $765.32 million 6.2%21.2%6.4$16.71
5/15/202043,130,000 $749.17 million 8.6%21.1%6.7$17.37
4/30/202039,700,000 $790.03 million 3.4%19.4%6.3$19.90
4/15/202038,400,000 $574.85 million -3.1%17.5%5.9$14.97
3/31/202039,640,000 $617.99 million -11.5%18.1%5.1$15.59
3/13/202044,764,700 $652.22 million -3.8%20.1%5.5$14.57
2/28/202046,510,000 $581.38 million -3.9%21.2%5.8$12.50
2/14/202048,420,000 $686.60 million 2.4%22.1%5.5$14.18
1/31/202047,300,000 $937.49 million 1.5%21.7%5$19.82
1/15/202046,620,000 $928.20 million 2.9%21.4%5.3$19.91
12/31/201945,300,000 $1.03 billion -2.2%20.8%5.5$22.65

Canopy Growth (NYSE:CGC) Short Interest FAQ

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What is Canopy Growth's current short interest?

Short interest is the volume of Canopy Growth shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 45,060,000 shares of CGC short. 19.93% of Canopy Growth's shares are currently sold short. View details.

What is a good short interest ratio for Canopy Growth?

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. Canopy Growth currently has a short interest ratio of 12.0.

What is a good short interest percentage for Canopy Growth?

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. 19.93% of Canopy Growth's floating shares are currently sold short.

Is Canopy Growth's short interest increasing or decreasing?

Canopy Growth saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 45,060,000 shares, a decrease of 3.3% from the previous total of 46,600,000 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 Canopy Growth's float size?

Canopy Growth currently has issued a total of 371,789,000 shares. Some of Canopy Growth'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. Canopy Growth currently has a public float of 226,050,000 shares.

How does Canopy Growth's short interest compare to its competitors?

19.93% of Canopy Growth's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "cannabis" compare to Canopy Growth: Innovative Industrial Properties Inc (0.00%), 22nd Century Group Inc (0.00%), KushCo Holdings Inc (0.00%), Grow Capital Inc (0.00%), General Cannabis Corp (0.00%), Terra Tech Corp (0.00%), Leafbuyer Technologies Inc (0.00%), Digipath Inc (0.00%), Notis Global Inc (0.00%), and Acquired Sales Corp. (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: Charter Communications Inc ($5.17 billion), Aon PLC ($3.57 billion), ViacomCBS Inc. ($3.01 billion), Clorox Co ($2.91 billion), Charles Schwab Co. ($2.80 billion), Mercadolibre Inc ($2.33 billion), Analog Devices, Inc. ($2.14 billion), Kroger Co ($1.99 billion), Moderna Inc ($1.96 billion), and Simon Property Group Inc ($1.80 billion). View all of the most shorted stocks.

What does it mean to sell short Canopy Growth stock?

Short selling CGC is an investing strategy that aims to generate trading profit from Canopy Growth as its price is falling. Canopy Growth's stock is trading down $0.10 today. To short Canopy Growth 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 Canopy Growth 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 Canopy Growth?

A short squeeze for Canopy Growth 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 CGC, which in turn drives the price of the stock up even further.

How often is Canopy Growth'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 CGC, twice per month. The most recent reporting period available is September, 15 2020.

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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