DIAGNOS - DGNOF Short Interest Ratio & Short Volume

Short interest is the volume of DIAGNOS shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 12,900 shares of DGNOF short. Learn More on DIAGNOS'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. DGNOF shares currently have a short interest ratio of 129.0. Learn More on DIAGNOS's short interest ratio.

DIAGNOS saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 12,900 shares, a drop of 20.4% from the previous total of 16,200 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 "business services" compare to DIAGNOS: Victory Square Technologies Inc. (0.00%), TOMI Environmental Solutions, Inc. (0.62%), mCloud Technologies Corp (0.30%), Insignia Systems, Inc. (3.19%), Universal Media Group Inc. (0.04%), SilverSun Technologies, Inc. (1.93%), VerifyMe, Inc. (0.88%), Cuentas Inc. (2.10%), Advanced Health Intelligence Ltd. (0.59%), and Marin Software Incorporated (2.35%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling DGNOF is an investing strategy that aims to generate trading profit from DIAGNOS 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 DIAGNOS 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 DGNOF, 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 DGNOF, twice per month. The most recent reporting period available is January, 15 2023.