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

Covenant Logistics Group logo
$28.49 -0.15 (-0.53%)
Closing price 03:59 PM Eastern
Extended Trading
$28.60 +0.11 (+0.40%)
As of 04:49 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Covenant Logistics Group Short Interest Data

Covenant Logistics Group (CVLG) has a short interest of 97,400 shares. This marks a 106.36% increase in short interest from the previous month. The short interest ratio (days to cover) is 0.9, indicating that it would take 0.9 days of the average trading volume of 127,366 shares to cover all short positions.

Current Short Interest
97,400 shares
Previous Short Interest
47,200 shares
Change Vs. Previous Month
+106.36%
Dollar Volume Sold Short
$2.69 million
Short Interest Ratio
0.9 Days to Cover
Last Record Date
January 15, 2025
Outstanding Shares
26,360,000 shares
Percentage of Shares Shorted
0.37%
Today's Trading Volume
78,884 shares
Average Trading Volume
127,366 shares
Today's Volume Vs. Average
62%
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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
1/15/202597,400 shares $2.69 million +106.4%N/A0.9 $27.62
12/31/202497,400 shares $2.65 million +106.4%N/A0.9 $27.26
12/15/202447,200 shares $2.73 million +7.8%0.6%0.9 $57.90
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
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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
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
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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
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 January 15th, investors have sold 97,400 shares of CVLG 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.

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

Covenant Logistics Group saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 97,400 shares, an increase of 106.4% from the previous total of 47,200 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.

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

Here is how the short interest of companies in the industry of "transportation" compare to Covenant Logistics Group: Hafnia Limited (1.57%), ArcBest Co. (6.92%), Delek Logistics Partners, LP (6.68%), Euronav NV (2.19%), ZIM Integrated Shipping Services Ltd. (10.01%), Frontier Group Holdings, Inc. (19.58%), International Seaways, Inc. (6.48%), DHT Holdings, Inc. (4.49%), BW LPG Limited (0.78%), Danaos Co. (5.91%),

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. ($6.03 billion), Charter Communications, Inc. ($3.83 billion), Reddit, Inc. ($3.11 billion), The Kroger Co. ($2.85 billion), International Paper ($2.73 billion), Rivian Automotive, Inc. ($2.02 billion), SoFi Technologies, Inc. ($2.00 billion), Onsemi ($1.59 billion), Live Nation Entertainment, Inc. ($1.58 billion), and First Solar, Inc. ($1.53 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 down $0.15 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 January, 15 2025.




This page (NASDAQ:CVLG) was last updated on 1/29/2025 by MarketBeat.com Staff
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