CI Financial (CIFAF) Short Interest Ratio & Short Volume

Short interest is the volume of CI Financial shares that have been sold short but have not yet been covered or closed out. As of November 15th, traders have sold 490,900 shares of CIFAF short. Learn More on CI Financial'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. CIFAF shares currently have a short interest ratio of 140.0. Learn More on CI Financial's short interest ratio.

CI Financial saw a increase in short interest in November. As of November 15th, there was short interest totaling 490,900 shares, an increase of 0.6% from the previous total of 487,900 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 "finance" compare to CI Financial: American Overseas Group Limited (0.20%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.92 billion), Aon plc ($3.86 billion), Analog Devices, Inc. ($3.55 billion), The Clorox Company ($2.87 billion), Snap Inc. ($2.78 billion), Moderna, Inc. ($2.21 billion), The Kroger Co. ($2.05 billion), International Flavors & Fragrances Inc. ($1.98 billion), Expedia Group, Inc. ($1.93 billion), and Match Group, Inc. ($1.59 billion). View all of the most shorted stocks.

Short selling CIFAF is an investing strategy that aims to generate trading profit from CI Financial as its price is falling. CIFAF shares are trading down $0.09 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 CI Financial 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 CIFAF, 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 CIFAF, twice per month. The most recent reporting period available is November, 15 2020.