S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
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Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024

Chegg (CHGG) Short Interest Ratio & Short Volume

$8.91
+0.15 (+1.71%)
(As of 02/23/2024 ET)

Chegg Short Interest Data

Current Short Volume
15,770,000 shares
Previous Short Volume
15,660,000 shares
Change Vs. Previous Month
+0.70%
Dollar Volume Sold Short
$155.33 million
Short Interest Ratio / Days to Cover
5.8
Last Record Date
January 31, 2024
Outstanding Shares
102,950,000 shares
Float Size
99,240,000 shares
Short Percent of Float
15.89%
Today's Trading Volume
2,307,792 shares
Average Trading Volume
3,189,871 shares
Today's Volume Vs. Average
72%
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CHGG Short Interest Over Time

CHGG Days to Cover Over Time

CHGG Percentage of Float Shorted Over Time


Chegg Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
1/31/202415,770,000 shares $155.33 million +0.7%15.9%5.8 $9.85
1/15/202415,660,000 shares $173.83 million -5.8%14.0%5.9 $11.10
12/31/202316,630,000 shares $188.92 million -0.1%14.9%6.6 $11.36
12/15/202316,650,000 shares $177.82 million -6.1%14.9%6.7 $10.68
11/30/202317,740,000 shares $176.16 million -7.0%15.9%7.6 $9.93
11/15/202319,080,000 shares $200.15 million +150.1%17.1%8.2 $10.49
10/31/20237,630,000 shares $57.38 million +23.3%6.8%3.3 $7.52
10/15/20236,190,000 shares $51.13 million +16.4%5.6%2.6 $8.26
9/30/20235,320,000 shares $47.45 million +27.6%4.8%2.1 $8.92
9/15/20234,170,000 shares $40.93 million -22.1%3.8%1.5 $9.82
8/31/20235,350,000 shares $54.68 million -0.2%4.8%1.8 $10.22
8/15/20235,360,000 shares $52.50 million -11.0%4.8%1.7 $9.80
7/31/20236,020,000 shares $60.98 million -36.4%5.4%1.8 $10.13
7/15/20239,460,000 shares $86.84 million -12.7%8.2%2.1 $9.18
6/30/202310,840,000 shares $96.26 million +11.3%9.4%2.3 $8.88
6/15/20239,740,000 shares $99.45 million -1.3%8.4%2.1 $10.21
5/31/20239,870,000 shares $88.63 million +7.5%8.5%2.2 $8.98
5/15/20239,180,000 shares $88.68 million -10.6%7.9%2.1 $9.66
4/30/202310,270,000 shares $184.65 million -14.4%8.9%2.2 $17.98
4/15/202311,990,000 shares $219.18 million +10.3%9.8%4 $18.28
3/31/202310,870,000 shares $177.18 million -16.9%8.9%3.6 $16.30
3/15/202313,080,000 shares $210.98 million -16.9%10.6%4.8 $16.13
2/28/202315,730,000 shares $249.95 million +85.3%12.8%6.3 $15.89
2/15/20238,490,000 shares $145.94 million +12.3%6.9%3.7 $17.19
1/31/20237,560,000 shares $156.95 million +69.1%6.7%3.5 $20.76
1/15/20234,470,000 shares $110.05 million -8.4%3.7%2.6 $24.62
12/30/20224,880,000 shares $123.32 million +22.3%4.0%3.3 $25.27
12/15/20223,990,000 shares $110.20 million -15.1%3.3%2.6 $27.62
11/30/20224,700,000 shares $140.25 million +0.4%3.9%3 $29.84
11/15/20224,680,000 shares $135.25 million -13.2%3.8%2.9 $28.90
10/31/20225,390,000 shares $116.26 million -19.8%4.4%3.3 $21.57
10/15/20226,720,000 shares $134.53 million +5.3%5.5%4.4 $20.02
9/30/20226,380,000 shares $134.43 million +5.1%5.2%3.9 $21.07
9/15/20226,070,000 shares $139.19 million -3.7%5.0%3.1 $22.93
8/31/20226,300,000 shares $123.98 million No Change5.1%2.9 $19.68
8/15/20226,300,000 shares $142.07 million -10.3%5.1%2.7 $22.55
7/31/20227,020,000 shares $149.53 million -3.8%5.8%2.6 $21.30
7/15/20227,300,000 shares $141.77 million +1.1%7.0%1.8 $19.42
6/30/20227,220,000 shares $135.59 million +38.9%7.0%1.7 $18.78
6/15/20225,200,000 shares $96.67 million -9.9%5.0%1.3 $18.59













CHGG Short Interest - Frequently Asked Questions

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 January 31st, traders have sold 15,770,000 shares of CHGG short. 15.89% of Chegg's shares are currently sold short. Learn More on Chegg's current short interest.

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. CHGG shares currently have a short interest ratio of 6.0. Learn More on Chegg's short interest ratio.

Which institutional investors are shorting Chegg?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Chegg: DRW Securities LLC, GTS Securities LLC, Wolverine Trading LLC, Citadel Advisors LLC, Capital Fund Management S.A., PEAK6 Investments LLC, Goldman Sachs Group Inc., Concourse Financial Group Securities Inc., and Cutler Group LLC CA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 15.89% of Chegg's floating shares are currently sold short.

Is Chegg's short interest increasing or decreasing?

Chegg saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 15,770,000 shares, an increase of 0.7% from the previous total of 15,660,000 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 102,950,000 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 99,240,000 shares.

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

15.89% of Chegg's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Chegg: ChipMOS TECHNOLOGIES INC. (0.03%), ACM Research, Inc. (6.67%), Grid Dynamics Holdings, Inc. (4.68%), SMART Global Holdings, Inc. (4.84%), Model N, Inc. (6.58%), SoundHound AI, Inc. (12.71%), Benchmark Electronics, Inc. (2.15%), Opera Limited (4.12%), Sabre Co. (5.84%), Olo Inc. (2.60%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.48 billion), General Motors ($3.85 billion), Charter Communications, Inc. ($3.38 billion), Occidental Petroleum Co. ($3.00 billion), Super Micro Computer, Inc. ($2.66 billion), Tractor Supply ($2.37 billion), Coinbase Global, Inc. ($2.25 billion), Moderna, Inc. ($2.11 billion), Royal Caribbean Cruises Ltd. ($2.06 billion), and Floor & Decor Holdings, Inc. ($1.67 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. CHGG shares are trading up $0.15 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.

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 January, 31 2024.



More Short Interest Resources from MarketBeat

This page (NYSE:CHGG) was last updated on 2/24/2024 by MarketBeat.com Staff