CVS Health Short Interest Drops Significantly

Pharmacy giant sees 18.8% decline in shares shorted as of mid-February

Published on Mar. 4, 2026

CVS Health Corporation (NYSE:CVS) saw a significant decrease in short interest in February, with the number of shares sold short dropping 18.8% from the end of January to 16,528,176 shares as of February 13th. This represents approximately 1.3% of the company's outstanding stock. The days-to-cover ratio, based on the stock's average daily trading volume, is currently 1.8 days.

Why it matters

The decline in short interest for CVS Health suggests that investors are becoming more bullish on the company's prospects, potentially indicating confidence in its business strategy and ability to navigate industry challenges. Short interest can be an indicator of market sentiment, and a drop like this could signal that bearish bets on the stock are being unwound.

The details

CVS Health reported that as of February 13th, there was short interest totaling 16,528,176 shares, down from 20,354,623 shares at the end of January. This represents a decrease of 18.8% in the number of shares sold short. Approximately 1.3% of CVS Health's outstanding stock is currently being shorted by investors.

  • As of February 13th, 2026, CVS Health had 16,528,176 shares sold short.
  • This represents an 18.8% decrease from the 20,354,623 shares sold short as of January 29th, 2026.

The players

CVS Health Corporation

A diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services, and health care solutions. Headquartered in Woonsocket, Rhode Island.

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The takeaway

The significant drop in short interest for CVS Health suggests growing investor optimism about the company's future prospects, potentially driven by confidence in its business strategy and ability to navigate industry challenges. This could signal a shift in market sentiment towards the stock.