Canoo (GOEV) Short Interest Ratio & Short Volume

Short interest is the volume of Canoo shares that have been sold short but have not yet been covered or closed out. As of December 31st, investors have sold 1,040,000 shares of GOEV short. 7.70% of Canoo's shares are currently sold short. Learn More on Canoo's current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Canoo: National Bank of Canada FI, Wolverine Trading LLC, and Verition Fund Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 7.70% of Canoo's floating shares are currently sold short.

Canoo saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,040,000 shares, an increase of 61.2% from the previous total of 645,300 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.

Canoo currently has issued a total of 4,840,000 shares. Some of Canoo'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. Canoo currently has a public float of 13,510,000 shares.

7.70% of Canoo's shares are currently sold short. Here is how the short interest of companies in the industry of "automobiles and trucks" compare to Canoo: U Power Limited (2.89%), GreenPower Motor Company Inc. (0.71%), Envirotech Vehicles, Inc. (1.20%), Thunder Power Holdings, Inc. (1.32%), Fly-E Group, Inc. (12.51%), AEye, Inc. (9.44%), Phoenix Motor Inc. (4.29%), Chijet Motor Company, Inc. (8.65%), Volcon, Inc. (13.10%), Honda Motor Co., Ltd. (0.20%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling GOEV is an investing strategy that aims to generate trading profit from Canoo as its price is falling. GOEV shares are trading down $0.02 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 Canoo 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 GOEV, 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 GOEV, twice per month. The most recent reporting period available is December, 31 2024.