Bright Health Group (BHG) Short Interest Ratio & Short Volume

Short interest is the volume of Bright Health Group shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 104,200 shares of BHG short. Learn More on Bright Health 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. BHG shares currently have a short interest ratio of 2.0. Learn More on Bright Health 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 Bright Health Group: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Bright Health Group saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 104,200 shares, an increase of 45.3% from the previous total of 71,700 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 in the sector of "medical" compare to Bright Health Group: NeueHealth, Inc. (0.26%), ARCA biopharma, Inc. (30.24%), Apyx Medical Co. (1.90%), Clene Inc. (0.53%), Vicarious Surgical Inc (4.49%), Immuneering Co. (15.37%), Rockwell Medical, Inc. (2.13%), Bolt Biotherapeutics, Inc. (8.80%), Lucid Diagnostics Inc. (3.10%), Aadi Bioscience, Inc. (6.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling BHG is an investing strategy that aims to generate trading profit from Bright Health Group as its price is falling. BHG shares are trading down $0.13 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 Bright Health 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 BHG, 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 BHG, twice per month. The most recent reporting period available is January, 15 2024.