NextGen Healthcare (NXGN) Short Interest Ratio & Short Volume

Short interest is the volume of NextGen Healthcare shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 4,990,000 shares of NXGN short. 9.12% of NextGen Healthcare's shares are currently sold short. Learn More on NextGen Healthcare'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. NXGN shares currently have a short interest ratio of 4.0. Learn More on NextGen Healthcare's short interest ratio.

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. 9.12% of NextGen Healthcare's floating shares are currently sold short.

NextGen Healthcare saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 4,990,000 shares, an increase of 3.1% 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.

NextGen Healthcare currently has issued a total of 67,100,000 shares. Some of NextGen Healthcare'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. NextGen Healthcare currently has a public float of 54,690,000 shares.

9.12% of NextGen Healthcare's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to NextGen Healthcare: Forian Inc. (0.63%), Jazz Pharmaceuticals plc (9.09%), Elanco Animal Health Incorporated (5.05%), Legend Biotech Co. (3.69%), Merit Medical Systems, Inc. (5.84%), Teleflex Incorporated (3.50%), Verona Pharma plc (10.22%), Lantheus Holdings, Inc. (10.28%), Glaukos Co. (6.53%), TG Therapeutics, Inc. (16.90%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling NXGN is an investing strategy that aims to generate trading profit from NextGen Healthcare as its price is falling. 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 NextGen Healthcare 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 NXGN, 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 NXGN, twice per month. The most recent reporting period available is October, 31 2023.