Short Interest in C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) Has Dropped Significantly
In January, the number of shares sold short of C.H. Robinson Worldwide, INC (NASDAQ: CHRW) fell dramatically. On January 15, there were 13,910,000 shares available; as of January 31, there were 13,070,000 shares available for a short sale, representing a decline of 6.0% from the total number of 13,910,000 shares available on January 15.
Based on an average of 1,610,000 shares traded daily, the days-to-cover ratio has reached its current level of 8.1.
The total number of shares in the company that has been sold short amounts to approximately 11.2% of the total number of shares.
The latest quarterly earnings report for C.H. Robinson Worldwide, traded under the ticker symbol NASDAQ: CHRW was released on February 1.
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