Recent short selling of Clover Health Investments – Clover Health Investments (NASDAQ:CLOV)

Clover Health Investments cloves The short ratio has decreased by 7.26% since the last report. The company recently 35.32 million shares were sold shortThis represents 8.81% of the total available common shares. Based on trading volume, On average, it takes traders 7.88 days to liquidate a short position.

Why short selling is important

Short interest is the number of shares that have been sold short but not yet covered or settled. Short selling occurs when a trader sells shares of a company that they do not own in the hope that the price will fall. Traders make a profit from shorting if the stock price falls and lose money if the stock price rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can indicate that investors are becoming more bearish, while a decrease in short interest can indicate that investors are becoming more bullish.

reference: List of most shorted stocks

Clover Health Investments Short Interest Chart (3 Months)

As can be seen from the chart above, the percentage of short shares in Clover Health Investments has decreased since the last report. This does not mean that the stock price will rise in the short term, but traders should be aware that fewer shares are being sold short.

Compare Clover Health Investments’ short interest balance with its peers

Peer comparisons are a common way analysts and investors gauge a company’s performance. A company’s peers are other companies that have similar characteristics to the company, such as industry, size, history, or financial structure. You can find a company’s peer group by reading a company’s 10-K or proxy statement, or by conducting your own similarity analysis.

According to Benzinga Pro, the average short interest of Clover Health Investments’ peers is 3.47%, which is more It has a larger short interest balance than most of its peers.

The increase in short selling balance is actually strong Is it for stocks? This post from Benzinga Money explains how you can benefit from it.

This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.