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NYSE:CHGG

Chegg Short Interest Ratio and Short Volume

$72.85
-0.90 (-1.22 %)
(As of 09/24/2021 04:00 PM ET)
Add
Compare
Today's Range
$72.40
$73.67
50-Day Range
$73.58
$89.90
52-Week Range
$64.80
$115.21
Volume1.03 million shs
Average Volume1.55 million shs
Market Capitalization$10.54 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.85

Chegg (NYSE:CHGG) Short Interest Data

Current Short Volume11,240,000 shares
Previous Short Volume11,720,000 shares
Change Vs. Previous Month-4.10%
Dollar Volume Sold Short$935.39 million
Short Interest Ratio / Days to Cover10.5
Last Record DateAugust, 31 2021
Outstanding Shares144,678,000 shares
Float Size141,760,000 shares
Short Percent of Float7.93%
Today's Trading Volume1,033,651 shares
Average Trading Volume1,553,346 shares
Today's Volume Vs. Average-33.46%

Short Interest Over Time

Days to Cover Over Time

Percentage of Float Shorted Over Time

cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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Chegg (NYSE:CHGG) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
8/31/202111,240,000 shares $935.39 million -4.1%7.9%10.5 $83.22
8/13/202111,720,000 shares $975.69 million +2.2%8.3%10.5 $83.25
7/30/202111,470,000 shares $1.02 billion -0.4%8.3%8.9 $88.63
7/15/202111,520,000 shares $938.53 million +1.5%8.3%8.3 $81.47
6/30/202111,350,000 shares $943.30 million +3.9%8.2%7.9 $83.11
6/15/202110,920,000 shares $835.60 million +1.8%7.9%7.5 $76.52
5/28/202110,730,000 shares $825.24 million -10.1%7.8%6.9 $76.91
5/14/202111,930,000 shares $907.52 million -0.2%N/A6.6 $76.07
4/30/202111,950,000 shares $1.10 billion -3.6%N/A6.3 $92.28
4/15/202112,400,000 shares $1.11 billion +0.7%N/A6.6 $89.16
3/31/202112,320,000 shares $1.03 billion +1.0%N/A6.4 $83.44
3/15/202112,200,000 shares $1.09 billion -3.9%N/A6 $89.20
2/26/202112,690,000 shares $1.18 billion +2.3%N/A6.3 $93.35
2/12/202112,400,000 shares $1.32 billion -8.6%N/A6.3 $106.37
1/29/202113,560,000 shares $1.28 billion -5.6%N/A7 $94.17
1/15/202114,370,000 shares $1.44 billion +5.8%N/A7.1 $100.45
12/31/202013,580,000 shares $1.23 billion +0.5%N/A6.8 $90.57
12/15/202013,510,000 shares $1.13 billion +2.7%N/A6.7 $83.46
11/30/202013,150,000 shares $986.38 million -6.5%N/A6.3 $75.01
11/15/202014,070,000 shares $990.39 million -9.8%N/A6.1 $70.39
10/30/202015,600,000 shares $1.17 billion +5.1%N/A6.1 $74.84
10/15/202014,850,000 shares $1.25 billion +3.6%N/A5.3 $84.00
9/30/202014,340,000 shares $1.02 billion +13.0%N/A5 $71.44
9/15/202012,690,000 shares $842.49 million -5.7%10.6%3.8 $66.39
8/31/202013,460,000 shares $992.54 million +3.3%11.3%3.7 $73.74

Institutional Investors Shorting Chegg (NYSE:CHGG)

This table shows institutional investors, funds, and major shareholders that have reported short positions as of their most recent reporting period. Most commonly, these investors have purchased put options on shares of Chegg. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Reporting DateInvestor NameShares Shorted (Previous)Shares Shorted (Current)Position ChangePosition Size
9/13/2021Bank of America Corp DE1,3001,300No Change$108.00
8/17/2021Walleye Trading LLC80,20081,500+1.6%$6,773.00
8/17/2021Millennium Management LLC37,20023,700-36.3%$1,970.00
8/17/2021Parallax Volatility Advisers L.P.59,00092,700+57.1%$7,704.00
8/17/2021Caas Capital Management LP50,00041,800-16.4%$3,474.00
8/17/2021Citadel Advisors LLC294,900368,100+24.8%$30,593.00
8/16/2021Bank of America Corp DE1,3001,300No Change$108.00
8/13/2021PEAK6 Investments LLC458,100142,900-68.8%$11,876.00
8/13/2021SpiderRock Advisors LLC20,00020,000No Change$935.00
8/12/2021Simplex Trading LLC72862,500+8,485.2%$5,194.00
8/12/2021Capital Fund Management S.A.28,10086,900+209.3%$7,222.00
8/11/2021HAP Trading LLC19,4000-100.0%$0.00
8/11/2021Deutsche Bank AG880880No Change$73.00
8/11/2021Susquehanna International Group LLP489,800480,100-2.0%$39,901.00
8/10/2021BNP Paribas Arbitrage SA1,0001,150+15.0%$9,558.00
8/6/2021Wolverine Trading LLC67,80078,300+15.5%$6,650.00
8/6/2021IMC Chicago LLC45,00035,100-22.0%$2,917.00
8/3/2021Avestar Capital LLCN/A2,500N/A$208.00
7/31/2021Cutler Group LP62,60032,400-48.2%$424.00

Chegg (NYSE:CHGG) Short Interest FAQ

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Chegg (NYSE: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 August 31st, traders have sold 11,240,000 shares of CHGG short. 7.93% 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. Chegg currently has a short interest ratio of 10.0. Learn More on a good short interest ratio for Chegg

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: Bank of America Corp DE, Walleye Trading LLC, Millennium Management LLC, Parallax Volatility Advisers L.P., Caas Capital Management LP, Citadel Advisors LLC, Bank of America Corp DE, PEAK6 Investments LLC, SpiderRock Advisors LLC, Simplex Trading LLC, Capital Fund Management S.A., HAP Trading LLC, Deutsche Bank AG, Susquehanna International Group LLP, BNP Paribas Arbitrage SA, Wolverine Trading LLC, IMC Chicago LLC, Avestar Capital LLC, and Cutler Group LP. 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. 7.93% of Chegg's floating shares are currently sold short.

Is Chegg's short interest increasing or decreasing?

Chegg saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,240,000 shares, a drop of 4.1% from the previous total of 11,720,000 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 144,678,000 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 141,760,000 shares.

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

7.93% 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: Grand Canyon Education, Inc. (1.73%), Laureate Education, Inc. (5.55%), New Oriental Education & Technology Group Inc. (0.00%), Graham Holdings (2.03%), TAL Education Group (6.52%), Adtalem Global Education Inc. (4.03%), Afya Limited (1.44%), Strategic Education, Inc. (6.15%), Stride, Inc. (7.16%), and Youdao, 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: Square, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Video Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 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 down $0.90 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 August, 31 2021.



This page was last updated on 9/24/2021 by MarketBeat.com Staff

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