Nelnet Short Interest Ratio and Short Volume

-1.00 (-1.33 %)
(As of 05/11/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume77,490 shs
Average Volume64,294 shs
Market Capitalization$2.85 billion
P/E Ratio18.02
Dividend Yield1.17%

Short Interest

Nelnet (NYSE:NNI) Short Interest Data

Current Short Volume187,500 shares
Previous Short Volume179,000 shares
Change Vs. Previous Month+4.75%
Dollar Volume Sold Short$14.03 million
Short Interest Ratio / Days to Cover2.9
Last Record DateApril, 15 2021
Outstanding Shares28,440,000 shares
Float Size18,000,000 shares
Short Percent of Float1.04%
Today's Trading Volume77,490 shares
Average Trading Volume64,294 shares
Today's Volume Vs. Average20.52%

Short Interest Over Time

Nelnet (NYSE:NNI) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021187,500 shares $14.03 million +4.8%1.0%2.9$74.81
3/31/2021179,000 shares $13.23 million -12.0%1.0%2.7$73.90
3/15/2021203,500 shares $15.63 million -7.8%1.1%2.9$76.82
2/26/2021220,600 shares $15.47 million -2.0%1.2%3.4$70.12
2/12/2021225,200 shares $15.91 million -4.1%1.3%3.8$70.64
1/29/2021234,900 shares $16.53 million +0.0%1.3%4.1$70.39
1/15/2021234,800 shares $17.07 million +2.9%1.3%4.1$72.69
12/31/2020228,300 shares $15.73 million +43.1%1.3%4$68.90
12/15/2020159,500 shares $10.94 million -19.3%0.9%2.8$68.58
11/30/2020197,700 shares $13.70 million +21.4%1.1%3.1$69.32
11/15/2020162,900 shares $11.65 million -8.7%0.9%2.4$71.49
10/30/2020178,400 shares $10.96 million +10.7%1.0%2.5$61.45
10/15/2020161,100 shares $10.61 million -3.5%0.9%2.2$65.83
9/30/2020166,900 shares $10.06 million -30.4%1.0%1.9$60.25
9/15/2020239,700 shares $15.47 million -10.2%1.4%2$64.55
8/31/2020267,000 shares $17.49 million -13.0%1.5%2$65.49
8/14/2020306,900 shares $19.60 million -14.1%1.7%2.2$63.87
7/31/2020357,300 shares $20.72 million -11.5%2.0%2.4$58.00
7/15/2020403,800 shares $23.42 million +74.4%2.2%2.7 $58.00
6/30/2020231,500 shares $10.74 million -2.5%1.3%1.6$46.38
6/15/2020237,500 shares $11.25 million +18.3%1.3%1.9$47.38
5/29/2020200,700 shares $10.19 million +20.2%1.1%1.7$50.75
5/15/2020167,000 shares $7.46 million -1.3%0.9%1.3$44.65
4/30/2020169,200 shares $8.15 million +11.2%0.9%1.5$48.15
4/15/2020152,200 shares $6.89 million -13.1%0.8%1.4$45.30

Nelnet (NYSE:NNI) Short Interest FAQ

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What is Nelnet's current short interest?

Short interest is the volume of Nelnet shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 187,500 shares of NNI short. 1.04% of Nelnet's shares are currently sold short. View details.

What is a good short interest ratio for Nelnet?

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. Nelnet currently has a short interest ratio of 3.0.

What is a good short interest percentage for Nelnet?

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. 1.04% of Nelnet's floating shares are currently sold short.

Is Nelnet's short interest increasing or decreasing?

Nelnet saw a increase in short interest in April. As of April 15th, there was short interest totaling 187,500 shares, an increase of 4.7% from the previous total of 179,000 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 Nelnet's float size?

Nelnet currently has issued a total of 38,351,000 shares. Some of Nelnet'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. Nelnet currently has a public float of 18,000,000 shares.

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

1.04% of Nelnet's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "consumer finance" compare to Nelnet: American Express (0.81%), Capital One Financial Co. (0.97%), Discover Financial Services (1.87%), Credit Acceptance Co. (17.62%), SLM Co. (3.63%), Green Dot Co. (5.47%), PRA Group, Inc. (8.07%), Encore Capital Group, Inc. (13.21%), World Acceptance Co. (12.04%), and Regional Management Corp. (2.84%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Nelnet stock?

Short selling NNI is an investing strategy that aims to generate trading profit from Nelnet as its price is falling. Nelnet's stock is trading down $1.00 today. To short Nelnet 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 Nelnet 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 Nelnet?

A short squeeze for Nelnet 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 NNI, which in turn drives the price of the stock up even further.

How often is Nelnet'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 NNI, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/12/2021 by MarketBeat.com Staff
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