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NYSE:CHGG

Chegg Short Interest Ratio and Short Volume

$70.79
+1.13 (+1.62 %)
(As of 09/28/2020 05:08 PM ET)
Add
Compare
Today's Range
$70.00
Now: $70.79
$71.96
50-Day Range
$64.10
MA: $73.02
$86.98
52-Week Range
$25.89
Now: $70.79
$89.82
Volume1.63 million shs
Average Volume3.01 million shs
Market Capitalization$8.75 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.97

Short Interest

Chegg (NYSE:CHGG) Short Interest Data

Current Short Volume:12,690,000 shares
Previous Short Volume:13,460,000 shares
Change Vs. Previous Month:-5.72%
Dollar Volume Sold Short:$883.99 million
Short Interest Ratio / Days to Cover:4.0
Last Record Date:September, 15 2020
Outstanding Shares:119,650,000 shares
Float Size:119,410,000 shares
Short Percent of Float:10.63%
Today's Trading Volume:1,632,096 shares
Average Trading Volume:3,014,880 shares
Today's Volume Vs. Average:-45.87%



Chegg (NYSE:CHGG) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
9/15/202012,690,000 $883.99 million -5.7%10.6%3.8$69.66
8/31/202013,460,000 $903.17 million 3.3%11.3%3.7$67.10
8/14/202013,030,000 $997.84 million -2.0%10.9%3.6$76.58
7/31/202013,300,000 $1.05 billion -2.5%11.2%3.7$78.70
7/15/202013,640,000 $1.10 billion 6.0%11.5%3.3$80.97
6/30/202012,870,000 $944.92 million -17.1%10.9%3.2$73.42
6/15/202015,520,000 $1.06 billion 8.8%13.1%4.3$68.37
5/29/202014,270,000 $915.42 million 3.9%12.0%4.1$64.15
5/15/202013,730,000 $838.63 million -16.4%11.6%4.2$61.08
4/30/202016,420,000 $997.35 million -6.0%13.9%5.2$60.74
4/15/202017,470,000 $1.07 billion 0.8%14.8%8.5$61.17
3/31/202017,340,000 $684.41 million -5.0%14.9%8.7$39.47
3/13/202018,255,900 $687.33 million 7.1%15.3%12.9$37.65
2/28/202017,040,000 $581.75 million 1.0%14.6%12.1$34.14
2/14/202016,880,000 $657.81 million 0.2%14.5%13$38.97
1/31/202016,840,000 $627.46 million -10.6%14.6%14.8$37.26
1/15/202018,830,000 $770.34 million -2.4%16.3%14.9$40.91
12/31/201919,300,000 $824.50 million 1.7%16.7%15.8$42.72

Chegg (NYSE:CHGG) Short Interest FAQ

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What is Chegg's current short interest?

Short interest is the volume of Chegg shares that have been sold short but have not yet been closed out or covered. As of September 15th, investors have sold 12,690,000 shares of CHGG short. 10.63% of Chegg's shares are currently sold short. View details.

What is a good short interest ratio for Chegg?

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. Chegg currently has a short interest ratio of 4.0.

What is a good short interest percentage for Chegg?

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. 10.63% of Chegg's floating shares are currently sold short.

Is Chegg's short interest increasing or decreasing?

Chegg saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 12,690,000 shares, a decrease of 5.7% from the previous total of 13,460,000 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 Chegg's float size?

Chegg currently has issued a total of 123,646,000 shares. Some of Chegg'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. Chegg currently has a public float of 119,410,000 shares.

How does Chegg's short interest compare to its competitors?

10.63% of Chegg's shares are currently sold short. Here is how the short interest of companies in the industry of "educational services" compare to Chegg: New Oriental Education & Tech Grp (2.19%), GSX Techedu Inc. (0.00%), Grand Canyon Education Inc (2.75%), Youdao (0.00%), Laureate Education Inc (6.97%), Afya Limited (0.00%), Strategic Education Inc (0.00%), Graham Holdings Co (1.87%), Adtalem Global Education Inc (2.88%), and Hailiang Education Group Inc (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 Chegg stock?

Short selling CHGG is an investing strategy that aims to generate trading profit from Chegg as its price is falling. Chegg's stock is trading up $1.13 today. To short Chegg 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 Chegg 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 Chegg?

A short squeeze for Chegg 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 CHGG, which in turn drives the price of the stock up even further.

How often is Chegg'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 CHGG, twice per month. The most recent reporting period available is September, 15 2020.


This page was last updated on 9/28/2020 by MarketBeat.com Staff

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