Cano Health (CANO) Short Interest Ratio & Short Volume

Short interest is the volume of Cano Health shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 577,300 shares of CANO short. Learn More on Cano Health'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. CANO shares currently have a short interest ratio of 2.0. Learn More on Cano Health's short interest ratio.

Cano Health saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 577,300 shares, an increase of 7.9% from the previous total of 534,800 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 Cano Health: ETAO International Co., Ltd. (2.33%), Imunon, Inc. (3.95%), PetVivo Holdings, Inc. (1.49%), Ontrak, Inc. (1.18%), BIMI Holdings Inc. (2.92%), Purple Biotech Ltd (1.18%), Check-Cap Ltd. (4.74%), Coeptis Therapeutics Holdings, Inc. (0.57%), Kiora Pharmaceuticals, Inc. (0.56%), Elevai Labs, Inc. (0.44%),

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 CANO is an investing strategy that aims to generate trading profit from Cano Health 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 Cano Health 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 CANO, 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 CANO, twice per month. The most recent reporting period available is January, 15 2024.