Covalon Technologies (CVALF) Short Interest Ratio & Short Volume

Short interest is the volume of Covalon Technologies shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 12,000 shares of CVALF short. Learn More on Covalon Technologies' current short interest.

Covalon Technologies saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 12,000 shares, an increase of 650.0% from the previous total of 1,600 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.

Here is how the short interest of companies compare to Covalon Technologies: EUDA Health Holdings Limited (0.04%), P3 Health Partners Inc. (1.37%), Xcelerate Inc. (0.00%), Agape ATP Co. (7.86%), Kindly MD, Inc. (17.08%), Mitesco, Inc. (0.00%), Vsee Health, Inc. (1.63%), LifeStance Health Group, Inc. (11.52%), Privia Health Group, Inc. (5.29%), GeneDx Holdings Corp. (12.75%),

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 CVALF is an investing strategy that aims to generate trading profit from Covalon Technologies as its price is falling. CVALF shares are trading down $0.06 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 Covalon Technologies 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 CVALF, 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 CVALF, twice per month. The most recent reporting period available is October, 31 2024.