Caravelle International Group (CACO) Short Interest Ratio & Short Volume

Short interest is the volume of Caravelle International Group shares that have been sold short but have not yet been closed out or covered. As of September 15th, investors have sold 51,800 shares of CACO short. 0.49% of Caravelle International Group's shares are currently sold short. Learn More on Caravelle International Group's current short interest.

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. 0.49% of Caravelle International Group's floating shares are currently sold short.

Caravelle International Group saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 51,800 shares, a decline of 16.3% from the previous total of 61,900 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.

Caravelle International Group currently has issued a total of 52,775,000 shares. Some of Caravelle International Group'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. Caravelle International Group currently has a public float of 10,590,000 shares.

0.49% of Caravelle International Group's shares are currently sold short. Here is how the short interest of companies in the industry of "transportation" compare to Caravelle International Group: Ardmore Shipping Co. (4.21%), P.A.M. Transportation Services, Inc. (0.62%), Safe Bulkers, Inc. (3.20%), Blade Air Mobility, Inc. (5.58%), Proficient Auto Logistics, Inc. (5.64%), Pangaea Logistics Solutions, Ltd. (1.47%), Euroseas Ltd. (0.40%), Diana Shipping Inc. (1.62%), ModivCare Inc. (3.90%), Himalaya Shipping Ltd. (1.39%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($6.15 billion), Charter Communications, Inc. ($4.04 billion), Paychex, Inc. ($2.77 billion), Nu Holdings Ltd. ($2.71 billion), Cencora, Inc. ($2.34 billion), Aptiv PLC ($2.18 billion), Tractor Supply ($2.07 billion), International Paper ($2.01 billion), AppLovin Co. ($1.95 billion), and Moderna, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling CACO is an investing strategy that aims to generate trading profit from Caravelle International Group as its price is falling. CACO shares are trading up $0.01 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 Caravelle International Group 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 CACO, 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 CACO, twice per month. The most recent reporting period available is September, 15 2024.