Quoin Pharmaceuticals (QNRX) Short Interest Ratio & Short Volume

Short interest is the volume of Quoin Pharmaceuticals shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 9,500 shares of QNRX short. Learn More on Quoin Pharmaceuticals' current short interest.

Quoin Pharmaceuticals saw a drop in short interest in April. As of April 30th, there was short interest totaling 9,500 shares, a drop of 37.9% from the previous total of 15,300 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 Quoin Pharmaceuticals: Assure Holdings Corp. (0.84%), INVO Bioscience, Inc. (1.21%), Sharps Technology, Inc. (1.27%), Aethlon Medical, Inc. (3.04%), ReShape Lifesciences Inc. (1.68%), Dynatronics Co. (2.09%), Tenon Medical, Inc. (0.66%), Venus Concept Inc. (0.56%), Bluejay Diagnostics, Inc. (3.91%), Nemaura Medical Inc. (0.34%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling QNRX is an investing strategy that aims to generate trading profit from Quoin Pharmaceuticals as its price is falling. QNRX shares are trading up $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 Quoin Pharmaceuticals occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of QNRX, 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 QNRX, twice per month. The most recent reporting period available is April, 30 2024.