CLOV Stock options are exploding, could this benefit investors along with short interest opportunities?
CLOVER HEALTH INVESTMENT SHORTS DATA:
The Clover health investment stock is lately one of the most retail’s favorite stocks in the market. Retail investors and large funds are lately adding the stock at a discounted prices to their portfolio.
The short float has been increasing lately with massive volume picking up.
| Shares Outstanding | 408.16M | Perf Week | -3.16% |
| Shares Float | 199.49M | Perf Month | 5.66% |
| Short Float | 15.35% | Perf Quarter | -42.85% |
| Short Ratio | 0.75 | Perf Half Y | -3.59% |
| 52W Range | 6.31 – 28.85 | Perf YTD | -48.78% |
| 52W High | -70.23% | Beta | – |
| 52W Low | 36.13% | ATR | 0.77 |
| Avg Volume | 40.99M | Price | 8.59 |
CLOVER HEALTH INVESTMENT OPTIONS DATA:
The open interest option volume is exploding for September 17 call options. Due to the massive volume, the stock is trending higher today after a small sell-off in the open bell.
The Volume for October 1st call options is also increasing, which is triggering that the stock is set to have some uptrend rally. This is really bad for the shorts if the volume of CLOV continues to increase and the share price continues to grow.
LONG TERM RISK VS REWARD
Whatever happens in the daily market, the most rewarded are always the long-term fundamental investors. However, Clover Health Investment provides some reward to both, Long Term and Short Term as well. Due to the massive volume and increase in the opportunity for the short interest once again, the retail rally could provide some gains to the short-term traders. The last time when the short squeeze happened, the stock rallied up to $28 per share and came down to $7.50 per share.
With great fundamentals behind the stock, the risk is very low since they are growing their revenue every quarter and the business focus is in the leading health care sector. The Government-backed sector is always benefiting in the long run, which also rewards the long-term investors.
