Everest Group (EG) Short Interest Ratio & Short Volume

Short interest is the volume of Everest Group shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 721,200 shares of EG short. 2.20% of Everest Group's shares are currently sold short. Learn More on Everest Group's 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. EG shares currently have a short interest ratio of 2.0. Learn More on Everest Group's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Everest Group: Barclays PLC, Jane Street Group LLC, Wolverine Trading LLC, Readystate Asset Management LP, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, Clear Harbor Asset Management LLC, Concourse Financial Group Securities Inc., and Cubist Systematic Strategies 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. 2.20% of Everest Group's floating shares are currently sold short.

Everest Group saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 721,200 shares, a decline of 26.5% from the previous total of 980,600 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.

Everest Group currently has issued a total of 42,980,000 shares. Some of Everest 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. Everest Group currently has a public float of 32,760,000 shares.

2.20% of Everest Group's shares are currently sold short. Here is how the short interest of companies in the industry of "insurance" compare to Everest Group: Manulife Financial Co. (0.91%), Sun Life Financial Inc. (0.41%), Willis Towers Watson Public Limited (0.97%), Prudential plc (0.02%), Ryan Specialty Holdings, Inc. (6.13%), Corebridge Financial, Inc. (3.55%), Equitable Holdings, Inc. (1.31%), Aegon Ltd. (0.26%), Kinsale Capital Group, Inc. (5.44%), Globe Life Inc. (2.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling EG is an investing strategy that aims to generate trading profit from Everest Group as its price is falling. EG shares are trading up $6.43 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 Everest 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 EG, 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 EG, twice per month. The most recent reporting period available is October, 31 2024.