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NYSE:NEWR

New Relic Short Interest Ratio and Short Volume

$60.32
-1.62 (-2.62 %)
(As of 03/3/2021 01:45 PM ET)
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Today's Range
$60.25
Now: $60.32
$61.93
50-Day Range
$59.85
MA: $70.61
$80.77
52-Week Range
$33.49
Now: $60.32
$81.10
Volume7,846 shs
Average Volume884,487 shs
Market Capitalization$3.80 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.01

Short Interest

New Relic (NYSE:NEWR) Short Interest Data

Current Short Volume5,530,000 shares
Previous Short Volume4,840,000 shares
Change Vs. Previous Month:+14.26%
Dollar Volume Sold Short$338.10 million
Short Interest Ratio / Days to Cover7.9
Last Record DateFebruary, 12 2021
Outstanding Shares58,390,000 shares
Float Size54,120,000 shares
Short Percent of Float10.22%
Today's Trading Volume7,846 shares
Average Trading Volume884,487 shares
Today's Volume Vs. Average-99.11%

Short Interest Over Time


New Relic (NYSE:NEWR) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/12/20215,530,000 shares $338.10 million +14.3%10.2%7.9 $61.14
1/29/20214,840,000 shares $325.97 million +7.8%8.9%6.9 $67.35
1/15/20214,490,000 shares $339.44 million +12.3%8.4%7.5 $75.60
12/31/20204,040,000 shares $298.88 million -2.4%7.6%7.2 $73.98
12/15/20204,040,000 shares $255.17 million -2.4%7.6%7.2 $63.16
11/30/20204,140,000 shares $286.65 million -7.6%8.0%6.7 $69.24
11/15/20204,480,000 shares $267.59 million -2.2%8.6%6.7 $59.73
10/30/20204,580,000 shares $253.27 million -4.4%8.8%6 $55.30
10/15/20204,790,000 shares $299.09 million +4.4%9.4%4.9 $62.44
9/30/20204,590,000 shares $295.32 million -16.2%9.0%4.3 $64.34
9/15/20205,480,000 shares $304.47 million -4.7%10.7%4.8 $55.56
8/31/20205,750,000 shares $332.24 million -29.3%11.2%4.8 $57.78
8/14/20208,130,000 shares $510.56 million +12.5%15.9%6.7 $62.80
7/31/20207,230,000 shares $403.00 million +21.1%14.1%5.6 $55.74
7/15/20205,970,000 shares $423.33 million +8.6%11.6%5.7 $70.91
6/30/20205,500,000 shares $346.72 million -15.5%10.7%5.2 $63.04
6/15/20206,510,000 shares $466.96 million +11.5%12.8%6.1 $71.73
5/29/20205,840,000 shares $408.04 million +0.2%11.5%5.5 $69.87
5/15/20205,830,000 shares $385.65 million +4.1%11.5%5.3 $66.15
4/30/20205,600,000 shares $369.82 million -7.7%11.2%5.1 $66.04
4/15/20206,070,000 shares $364.69 million -14.0%12.1%5.2 $60.08
3/31/20207,060,000 shares $365.43 million -0.6%14.1%6.4 $51.76
3/13/20207,102,000 shares $365.90 million +22.9%14.1%7.3 $51.52
2/28/20205,780,000 shares $234.90 million +8.7%11.5%5.9 $40.64
2/14/20205,320,000 shares $260.47 million +10.1%10.6%5.7 $48.96

New Relic (NYSE:NEWR) Short Interest FAQ

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What is New Relic's current short interest?

Short interest is the volume of New Relic shares that have been sold short but have not yet been covered or closed out. As of February 12th, traders have sold 5,530,000 shares of NEWR short. 10.22% of New Relic's shares are currently sold short. View details.

What is a good short interest ratio for New Relic?

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. New Relic currently has a short interest ratio of 8.0.

What is a good short interest percentage for New Relic?

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. 10.22% of New Relic's floating shares are currently sold short.

Is New Relic's short interest increasing or decreasing?

New Relic saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 5,530,000 shares, an increase of 14.3% from the previous total of 4,840,000 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 New Relic's float size?

New Relic currently has issued a total of 63,066,000 shares. Some of New Relic'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. New Relic currently has a public float of 54,120,000 shares.

How does New Relic's short interest compare to its competitors?

10.22% of New Relic's shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compare to New Relic: Dynatrace, Inc. (3.12%), NICE Ltd. (0.00%), Kingsoft Cloud Holdings Limited (1.71%), Avalara, Inc. (0.00%), Bill.com Holdings, Inc. (8.97%), Ceridian HCM Holding Inc. (4.22%), Nuance Communications, Inc. (9.49%), Appian Co. (0.00%), Elastic (12.89%), and Black Knight, 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: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

What does it mean to sell short New Relic stock?

Short selling NEWR is an investing strategy that aims to generate trading profit from New Relic as its price is falling. New Relic's stock is trading down $1.62 today. To short New Relic 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 New Relic 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 New Relic?

A short squeeze for New Relic 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 NEWR, which in turn drives the price of the stock up even further.

How often is New Relic'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 NEWR, twice per month. The most recent reporting period available is February, 12 2021.



This page was last updated on 3/3/2021 by MarketBeat.com Staff

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