Cenovus Energy (CVE) Short Interest Ratio & Short Volume

Short interest is the volume of Cenovus Energy shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 33,200,000 shares of CVE short. 2.52% of Cenovus Energy's shares are currently sold short. Learn More on Cenovus Energy's current short interest.

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. CVE shares currently have a short interest ratio of 3.0. Learn More on Cenovus Energy's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Cenovus Energy: Simplex Trading LLC, IMC Chicago LLC, Readystate Asset Management LP, HAP Trading LLC, Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Capital Fund Management S.A., PEAK6 Investments LLC, IMC Chicago LLC, Concourse Financial Group Securities Inc., and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 2.52% of Cenovus Energy's floating shares are currently sold short.

Cenovus Energy saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 33,200,000 shares, an increase of 12.2% from the previous total of 29,600,000 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.

Cenovus Energy currently has issued a total of 1,865,110,000 shares. Some of Cenovus Energy'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. Cenovus Energy currently has a public float of 1,320,000,000 shares.

2.52% of Cenovus Energy's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Cenovus Energy: Diamondback Energy, Inc. (2.99%), Devon Energy Co. (2.64%), Ecopetrol S.A. (0.49%), Eni S.p.A. (0.07%), Coterra Energy Inc. (2.44%), Occidental Petroleum Co. (5.82%), EQT Co. (7.69%), Marathon Oil Co. (2.39%), Pioneer Natural Resources (2.85%), Ovintiv Inc. (2.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling CVE is an investing strategy that aims to generate trading profit from Cenovus Energy as its price is falling. CVE shares are trading up $0.06 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 Cenovus Energy 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 CVE, 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 CVE, twice per month. The most recent reporting period available is April, 15 2024.