Cochlear (CHEOY) Short Interest Ratio & Short Volume

Short interest is the volume of Cochlear shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 2,100 shares of CHEOY short. Learn More on Cochlear's current short interest.

Cochlear saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,100 shares, an increase of 200.0% from the previous total of 700 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 "medical" compare to Cochlear: Neurocrine Biosciences, Inc. (2.44%), Sandoz Group AG (0.50%), Viatris Inc. (3.14%), BeiGene, Ltd. (1.81%), Karuna Therapeutics, Inc. (5.16%), Revvity, Inc. (2.19%), Quest Diagnostics Incorporated (2.32%), Shockwave Medical, Inc. (5.43%), Shionogi & Co., Ltd. (0.00%), Insulet Co. (4.46%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling CHEOY is an investing strategy that aims to generate trading profit from Cochlear as its price is falling. CHEOY shares are trading down $1.34 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 Cochlear 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 CHEOY, 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 CHEOY, twice per month. The most recent reporting period available is March, 31 2024.