IDEAYA Biosciences (IDYA) Short Interest Ratio & Short Volume

Short interest is the volume of IDEAYA Biosciences shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 10,730,000 shares of IDYA short. 15.88% of IDEAYA Biosciences' shares are currently sold short. Learn More on IDEAYA Biosciences' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. IDYA shares currently have a short interest ratio of 14.0. Learn More on IDEAYA Biosciences's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 15.88% of IDEAYA Biosciences' floating shares are currently sold short.

IDEAYA Biosciences saw a decline in short interest in May. As of May 31st, there was short interest totaling 10,730,000 shares, a decline of 3.2% from the previous total of 11,090,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

IDEAYA Biosciences currently has issued a total of 75,687,000 shares. Some of IDEAYA Biosciences' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. IDEAYA Biosciences currently has a public float of 67,560,000 shares.

15.88% of IDEAYA Biosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to IDEAYA Biosciences: Catalyst Pharmaceuticals, Inc. (7.16%), Syros Pharmaceuticals, Inc. (6.64%), Cue Biopharma, Inc. (8.94%), Catalent, Inc. (3.80%), Insmed Incorporated (7.31%), Elanco Animal Health Incorporated (3.34%), Legend Biotech Co. (7.27%), Roivant Sciences Ltd. (7.28%), Ascendis Pharma A/S (5.87%), Cerevel Therapeutics Holdings, Inc. (8.34%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.43 billion), Charter Communications, Inc. ($3.54 billion), Occidental Petroleum Co. ($3.11 billion), Moderna, Inc. ($2.88 billion), General Motors ($2.62 billion), Royal Caribbean Cruises Ltd. ($2.34 billion), Coinbase Global, Inc. ($2.25 billion), Tractor Supply ($2.12 billion), Dell Technologies Inc. ($1.89 billion), and Enphase Energy, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling IDYA is an investing strategy that aims to generate trading profit from IDEAYA Biosciences as its price is falling. IDYA shares are trading down $0.55 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for IDEAYA Biosciences occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of IDYA, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including IDYA, twice per month. The most recent reporting period available is May, 31 2024.