25.94M Shares Are Shorted For CLOV


The CLOV stock price fluctuated between $3.28 and $3.6 throughout the trading session with the volume trading being 18M shares, which represented a positive variation when compared to the three months average volume of 15M shares.

The share price of Clover Health Investments, Corp. (NasdaqGS:CLOV) dipped -6.42% to close Thursday’s market session at $3.35, lower as compared to yesterday’s close which brings the market valuation of the company to $2.09B.

The 52-week high for the Clover Health Investments, Corp.’s shares is $28.8500. That puts it -88.39% from that peak with a 52-week low of $3.2800, while the S&P 500’s share price change was of 22.78%.

What does the trading volume tell us about the CLOV stock?

During the last trading session, Clover Health Investments, Corp. (NasdaqGS:CLOV) has seen growth in its daily volume. The daily volume was of 18M, while in the last 10 days the average was 10.43M and last three months – 15.32M.

Shrinking short interest

The Clover Health Investments, Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 25.94M shares being shorted which translates into 1.17 of a short ratio for CLOV, while in the previous month the shorted shares were 31.94M.

Clover Health Investments, Corp.’s (NasdaqGS:CLOV) financials

With a market cap of 2.09B, Clover Health Investments, Corp. holds a total cash of $442.1M that translates into $1.05 per share, while the total debt is of $28.48M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 139.30%. The current revenue is of $1.16B that is $4.07 per share.

This is a great sign for a bright future.