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Covenant Logistics Group (CVLG) Short Interest Ratio & Short Volume

Covenant Logistics Group logo
$53.70 -0.12 (-0.22%)
(As of 11:15 AM ET)

Covenant Logistics Group Short Interest Data

Covenant Logistics Group (CVLG) has a short interest of 43,800 shares, representing 0.55% of the float (the number of shares available for trading by the public). This marks a -42.37% decrease in short interest from the previous month. The short interest ratio (days to cover) is 0.8, indicating that it would take 0.8 days of the average trading volume of 119,886 shares to cover all short positions.

Current Short Interest
43,800 shares
Previous Short Interest
76,000 shares
Change Vs. Previous Month
-42.37%
Dollar Volume Sold Short
$2.54 million
Short Interest Ratio
0.8 Days to Cover
Last Record Date
November 30, 2024
Outstanding Shares
13,180,000 shares
Float Size
7,900,000 shares
Short Percent of Float
0.55%
Today's Trading Volume
4,524 shares
Average Trading Volume
119,886 shares
Today's Volume Vs. Average
4%
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CVLG Short Interest Over Time

CVLG Days to Cover Over Time

CVLG Percentage of Float Shorted Over Time

Covenant Logistics Group Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
11/30/202443,800 shares $2.54 million -42.4%0.6%0.8 $58.08
11/15/202476,000 shares $4.40 million -12.2%1.0%1.4 $57.84
10/31/202486,600 shares $4.38 million -8.0%1.1%1.6 $50.60
10/15/202494,100 shares $4.94 million +26.1%1.2%1.8 $52.46
9/30/202474,600 shares $3.95 million -15.9%1.0%1.5 $53.00
9/15/202488,700 shares $4.65 million -32.0%1.1%1.7 $52.38
8/31/2024130,500 shares $6.87 million -3.1%1.7%2.6 $52.67
8/15/2024134,700 shares $7.15 million +3.5%1.7%2.6 $53.05
7/31/2024130,200 shares $7.28 million +1.3%1.7%2.2 $55.95
7/15/2024128,500 shares $6.51 million -2.8%1.7%2.1 $50.68
6/30/2024132,200 shares $6.52 million +39.6%1.7%2.1 $49.29
6/15/202494,700 shares $4.51 million +13.8%1.2%1.5 $47.60
5/31/202483,200 shares $3.95 million -7.9%1.1%1.2 $47.53
5/15/202490,300 shares $4.22 million -11.6%1.2%1.2 $46.75
4/30/2024102,200 shares $4.62 million +73.8%1.3%1.4 $45.19
4/15/202458,800 shares $2.65 million -16.2%0.8%0.8 $45.04
3/31/202470,200 shares $3.25 million -23.9%0.9%1 $46.36
3/15/202492,200 shares $4.05 million +16.6%1.2%1.3 $43.95
2/29/202479,100 shares $3.85 million -32.9%1.0%1.1 $48.68
2/15/2024117,800 shares $6.43 million +17.9%1.5%1.9 $54.62
1/31/202499,900 shares $4.83 million -13.4%1.4%1.8 $48.34
1/15/2024115,300 shares $5.34 million +1.7%1.6%2.2 $46.29
12/31/2023113,400 shares $5.22 million -12.2%1.6%2.3 $46.04
12/15/2023129,200 shares $5.66 million -12.9%1.8%2.6 $43.82
11/30/2023148,400 shares $6.32 million No Change2.1%3 $42.57
11/15/2023148,400 shares $6.34 million +4.4%2.1%2.9 $42.75
10/31/2023142,200 shares $5.61 million -6.8%2.0%2.5 $39.49
10/15/2023152,500 shares $6.63 million +0.5%2.1%2.6 $43.46
9/30/2023151,700 shares $6.65 million -7.3%2.1%2.4 $43.85
9/15/2023163,700 shares $7.38 million -29.2%2.3%2.4 $45.09
8/31/2023231,200 shares $11.37 million +4.5%3.2%3.2 $49.17
8/15/2023221,200 shares $11.59 million -7.4%3.1%3 $52.38
7/31/2023238,800 shares $13.08 million -8.9%3.4%3.4 $54.76
7/15/2023262,100 shares $11.50 million -10.2%3.7%3.7 $43.87
6/30/2023291,700 shares $12.79 million -23.6%4.1%4.2 $43.83
6/15/2023381,600 shares $15.32 million -3.3%5.4%5.6 $40.15
5/31/2023394,500 shares $15.06 million -11.9%5.5%5.7 $38.17
5/15/2023447,700 shares $17.18 million +6.0%6.2%5.9 $38.38
4/30/2023422,400 shares $16.64 million -1.4%5.6%5 $39.39
4/15/2023428,300 shares $15.05 million +7.6%5.7%4.2 $35.13
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3/31/2023398,000 shares $14.10 million +1.1%5.3%3.8 $35.42
3/15/2023393,800 shares $13.61 million +0.8%5.2%3.5 $34.55
2/28/2023390,700 shares $13.54 million +2.8%4.4%3.4 $34.65
2/15/2023379,900 shares $12.68 million -4.6%4.3%3.3 $33.39
1/31/2023398,100 shares $13.20 million -22.4%4.5%3.3 $33.16
1/15/2023512,900 shares $18.69 million +2.0%6.0%4.6 $36.44
12/30/2022502,900 shares $17.39 million -10.2%5.9%4.1 $34.57
12/15/2022559,800 shares $20.84 million +9.6%6.6%4.5 $37.23
11/30/2022511,000 shares $19.62 million -7.0%5.9%4 $38.39
11/15/2022549,700 shares $21.71 million -4.3%6.3%4.1 $39.49
10/31/2022574,100 shares $21.72 million +11.0%5.9%4.4 $37.84
10/15/2022517,000 shares $16.05 million +4.7%5.4%3.5 $31.05
9/30/2022494,000 shares $14.18 million +13.5%5.1%3.4 $28.70
9/15/2022435,200 shares $12.61 million +9.3%4.5%2.9 $28.97
8/31/2022398,100 shares $11.19 million -9.0%4.1%2.7 $28.12
8/15/2022437,300 shares $14.34 million -11.8%4.5%3.1 $32.79
7/31/2022496,000 shares $16.60 million -4.0%4.7%3.5 $33.47
7/15/2022516,900 shares $13.90 million +3.7%4.9%4.3 $26.89
6/30/2022498,600 shares $12.51 million +8.1%4.7%4.4 $25.09
6/15/2022461,200 shares $10.55 million +31.6%4.8%4.3 $22.87
5/31/2022350,500 shares $7.95 million +55.0%3.5%3.4 $22.67
5/15/2022226,200 shares $4.92 million -8.2%2.3%2.2 $21.76
4/30/2022246,500 shares $5.06 million +20.7%2.3%2.3 $20.54
4/15/2022204,200 shares $3.68 million +15.9%1.9%2 $18.04
3/31/2022176,200 shares $3.79 million +3.5%1.6%1.7 $21.53
3/15/2022170,300 shares $3.86 million +18.5%1.6%1.5 $22.65
2/28/2022143,700 shares $3.23 million +6.1%1.3%1.3 $22.51
2/15/2022135,500 shares $2.93 million +44.3%1.2%1.2 $21.59
1/31/202293,900 shares $2.04 million -7.2%0.9%0.8 $21.72
1/15/2022101,200 shares $2.34 million -15.3%0.9%0.7 $23.16
12/31/2021119,500 shares $3.16 million -51.5%1.1%0.6 $26.43
12/15/2021246,600 shares $5.94 million -10.1%2.3%1.3 $24.09
11/30/2021274,200 shares $6.87 million -1.0%2.6%1.3 $25.07
11/15/2021276,900 shares $8.47 million -6.2%2.6%1.3 $30.59
10/29/2021295,200 shares $8.38 million -10.9%2.7%1.5 $28.40
10/15/2021331,400 shares $10.81 million +22.9%3.1%1.9 $32.62
9/30/2021269,700 shares $7.46 million -22.2%2.5%2.2 $27.65
9/15/2021346,800 shares $7.99 million +2.0%3.2%3.1 $23.05
8/31/2021340,100 shares $8.28 million -9.8%3.2%3.6 $24.36
8/13/2021376,900 shares $8.32 million +6.4%3.6%4.7 $22.08
7/30/2021354,400 shares $7.45 million +7.7%3.3%4.6 $21.01
7/15/2021329,000 shares $6.49 million -10.4%3.1%4.5 $19.73
6/30/2021367,300 shares $7.60 million -19.0%3.5%4.9 $20.68
6/15/2021453,700 shares $10.46 million -2.3%4.3%6.4 $23.06
5/28/2021464,400 shares $10.45 million -4.9%4.3%6.2 $22.51
5/14/2021488,200 shares $11.33 million -5.4%4.5%5.9 $23.20
4/30/2021515,900 shares $11.27 million +15.3%4.7%5.6 $21.84
4/15/2021447,600 shares $9.07 million +1.6%4.2%4.2 $20.26
3/31/2021440,700 shares $8.97 million -0.9%4.1%4.2 $20.36
3/15/2021444,800 shares $9.41 million -7.2%4.1%4.1 $21.15
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2/26/2021479,300 shares $8.92 million +1.2%4.4%4.6 $18.61
2/12/2021473,500 shares $8.62 million +20.8%4.3%4.4 $18.20
1/29/2021391,900 shares $5.92 million 0.0%3.5%3.7 $15.10
1/15/2021392,000 shares $6.26 million No Change3.5%3.5 $15.96

CVLG Short Interest - Frequently Asked Questions

What is Covenant Logistics Group's current short interest?

Short interest is the volume of Covenant Logistics Group shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 43,800 shares of CVLG short. 0.55% of Covenant Logistics Group's shares are currently sold short. Learn More on Covenant Logistics Group's current short interest.

What is a good short interest ratio for Covenant Logistics Group?

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. CVLG shares currently have a short interest ratio of 1.0. Learn More on Covenant Logistics Group's short interest ratio.

Which institutional investors are shorting Covenant Logistics Group?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Covenant Logistics Group: Wolverine Trading LLC, and Walleye Capital LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Covenant Logistics Group?

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. 0.55% of Covenant Logistics Group's floating shares are currently sold short.

Is Covenant Logistics Group's short interest increasing or decreasing?

Covenant Logistics Group saw a decline in short interest in November. As of November 30th, there was short interest totaling 43,800 shares, a decline of 42.4% from the previous total of 76,000 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.

What is Covenant Logistics Group's float size?

Covenant Logistics Group currently has issued a total of 13,180,000 shares. Some of Covenant Logistics 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. Covenant Logistics Group currently has a public float of 7,900,000 shares.

How does Covenant Logistics Group's short interest compare to its competitors?

0.55% of Covenant Logistics Group's shares are currently sold short. Here is how the short interest of companies in the industry of "transportation" compare to Covenant Logistics Group: Hafnia Limited (1.70%), ArcBest Co. (6.97%), ZIM Integrated Shipping Services Ltd. (11.34%), Euronav NV (1.80%), International Seaways, Inc. (2.26%), Costamare Inc. (5.14%), Frontier Group Holdings, Inc. (19.21%), DHT Holdings, Inc. (4.07%), Wheels Up Experience Inc. (3.23%), BW LPG Limited (0.84%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

What does it mean to sell short Covenant Logistics Group stock?

Short selling CVLG is an investing strategy that aims to generate trading profit from Covenant Logistics Group as its price is falling. CVLG shares are trading up $26.63 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.

How does a short squeeze work against Covenant Logistics Group?

A short squeeze for Covenant Logistics Group 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 CVLG, which in turn drives the price of the stock up even further.

How often is Covenant Logistics Group's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CVLG, twice per month. The most recent reporting period available is November, 30 2024.




This page (NASDAQ:CVLG) was last updated on 12/24/2024 by MarketBeat.com Staff
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