Bidness Etc highlights the latest short interest data for Nvidia, Seagate, LinkedIn and Yelp
Bidness Etc reports the latest short interest data, as of August 14, for some of the most actively-traded stocks on the Street.
Nvidia
The latest short interest for NVIDIA Corporation (NASDAQ:NVDA) stands at 37.2 million shares, down from 47.8 million shares as of July 31. The current short interest is 7.3% of the float. Short interest ratio for the stock has decreased from 8.87 to 3.02.
Seagate Technology
Seagate Technology PLC’s (NASDAQ:STX) short interest has soared from 34.97 million shares as of July 31, to a 52-week high of 35.3 million shares as of August 14. The present short interest is 11.8% of the total number of shares available for trading. Days-to-cover ratio has risen from 5.76 to 8.36.
As of August 14, short interest for LinkedIn Corp (NYSE:LNKD) is 3.9 million shares, up from a 52-week low of 3.3 million shares as reported on July 31. This short interest represents 3.4% of the overall float. Short interest ratio has risen from 1.15 to 1.84.
Yelp
Yelp Inc’s (NYSE:YELP) most recent short interest totals 10.7 million shares, down from a 52-week high of 11.3 million shares as of July 31. This short interest is 16.4% of the total float. Days-to-cover ratio has increased from 1.66 to 3.5.
Short interest is the number of shares shorted of a particular stock.A rise in short interest level indicates that investors expect the share price to go down, while a decrease means that there is a general bullish sentiment toward the stock. Days-to-cover ratio (also called short interest ratio) shows the number of days it would take short sellers to cover their entire short positions on the stock.
However, it should be noted that a declining short interest does not indicate a bullish sentiment all the time. It may be because short sellers are covering their positions, and that investors are retaining their bearish view on the stock.
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