Health Insurance Innovations (HIIQ) Short Interest Ratio & Short Volume

Short interest is the volume of Health Insurance Innovations shares that have been sold short but have not yet been closed out or covered. As of February 14th, traders have sold 8,000,000 shares of HIIQ short. 72.86% of Health Insurance Innovations' shares are currently sold short. Learn More on Health Insurance Innovations' 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. HIIQ shares currently have a short interest ratio of 10.0. Learn More on Health Insurance Innovations's short interest ratio.

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. 72.86% of Health Insurance Innovations' floating shares are currently sold short.

Health Insurance Innovations saw a decrease in short interest during the month of February. As of February 14th, there was short interest totaling 8,000,000 shares, a decrease of 12.7% from the previous total of 9,160,000 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.

Health Insurance Innovations currently has issued a total of 14,212,000 shares. Some of Health Insurance Innovations' 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. Health Insurance Innovations currently has a public float of 10,980,000 shares.

72.86% of Health Insurance Innovations' shares are currently sold short. Here is how the short interest of companies compare to Health Insurance Innovations: Citizens, Inc. (10.99%), Aflac Incorporated (1.73%), MetLife, Inc. (1.14%), Prudential Financial, Inc. (1.94%), Unum Group (1.73%), Primerica, Inc. (3.19%), Lincoln National Co. (3.10%), CNO Financial Group, Inc. (2.50%), SelectQuote, Inc. (1.48%), Waterdrop Inc. (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.15 billion), Microchip Technology Incorporated ($2.98 billion), Match Group, Inc. ($2.25 billion), The Charles Schwab Co. ($2.09 billion), Simon Property Group, Inc. ($2.06 billion), Tiffany & Co. ($1.81 billion), Hormel Foods Co. ($1.66 billion), Omnicom Group Inc. ($1.61 billion), International Flavors & Fragrances Inc. ($1.54 billion), and The Clorox Company ($1.52 billion). View all of the most shorted stocks.

Short selling HIIQ is an investing strategy that aims to generate trading profit from Health Insurance Innovations 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 Health Insurance Innovations 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 HIIQ, 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 HIIQ, twice per month. The most recent reporting period available is February, 14 2020.