Carvana (CVNA) Short Interest Ratio & Short Volume

Short interest is the volume of Carvana shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 31,980,000 shares of CVNA short. Learn More on Carvana'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. CVNA shares currently have a short interest ratio of 4.0. Learn More on Carvana's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Carvana: Walleye Trading LLC, Walleye Capital LLC, GTS Securities LLC, Wolverine Trading LLC, 683 Capital Management LLC, Carronade Capital Management LP, Fred Alger Management LLC, Nomura Holdings Inc., Marathon Trading Investment Management LLC, PEAK6 Investments LLC, HAP Trading LLC, Cutler Group LLC CA, Barclays PLC, Belvedere Trading LLC, XR Securities LLC, Concourse Financial Group Securities Inc., Equitec Proprietary Markets LLC, and National Bank of Canada FI. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Carvana saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 31,980,000 shares, a decline of 2.1% from the previous total of 32,660,000 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.

Here is how the short interest of companies in the sector of "retail/wholesale" compare to Carvana: AutoNation, Inc. (14.17%), Lithia Motors, Inc. (9.88%), Asbury Automotive Group, Inc. (9.38%), Group 1 Automotive, Inc. (16.35%), Rush Enterprises, Inc. (3.77%), CarMax, Inc. (11.13%), Penske Automotive Group, Inc. (16.59%), Casey's General Stores, Inc. (1.73%), Sonic Automotive, Inc. (20.06%), Levi Strauss & Co. (2.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling CVNA is an investing strategy that aims to generate trading profit from Carvana as its price is falling. CVNA shares are trading up $3.88 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 Carvana 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 CVNA, 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 CVNA, twice per month. The most recent reporting period available is November, 15 2023.