Chugai Pharmaceutical (CHGCY) Short Interest Ratio & Short Volume

Short interest is the volume of Chugai Pharmaceutical shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 90,300 shares of CHGCY short. Learn More on Chugai Pharmaceutical's current short interest.

Chugai Pharmaceutical saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 90,300 shares, an increase of 3,125.0% from the previous total of 2,800 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.

Here is how the short interest of companies in the sector of "medical" compare to Chugai Pharmaceutical: Cencora, Inc. (4.95%), McKesson Co. (1.76%), Cardinal Health, Inc. (3.32%), DexCom, Inc. (1.96%), Edwards Lifesciences Co. (1.35%), Moderna, Inc. (6.36%), Alcon Inc. (0.82%), Humana Inc. (3.03%), IDEXX Laboratories, Inc. (2.07%), Centene Co. (1.80%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling CHGCY is an investing strategy that aims to generate trading profit from Chugai Pharmaceutical as its price is falling. CHGCY shares are trading down $0.01 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 Chugai Pharmaceutical 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 CHGCY, 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 CHGCY, twice per month. The most recent reporting period available is May, 15 2024.