Albireo Pharma (ALBO) Short Interest Ratio & Short Volume

Short interest is the volume of Albireo Pharma shares that have been sold short but have not yet been covered or closed out. As of February 15th, investors have sold 553,900 shares of ALBO short. Learn More on Albireo Pharma's 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. ALBO shares currently have a short interest ratio of 1.0. Learn More on Albireo Pharma's short interest ratio.

Albireo Pharma saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 553,900 shares, a decrease of 19.8% from the previous total of 690,300 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 industry of "pharmaceutical preparations" compare to Albireo Pharma: Zymeworks Inc. (3.24%), Aerovate Therapeutics, Inc. (21.72%), PyroGenesis Canada Inc. (0.14%), Aadi Bioscience, Inc. (6.58%), Eagle Pharmaceuticals, Inc. (0.46%), Actinium Pharmaceuticals, Inc. (4.54%), NanoViricides, Inc. (1.62%), AEON Biopharma, Inc. (5.67%), China Pharma Holdings, Inc. (2.27%), Orgenesis Inc. (0.13%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.09 billion), Occidental Petroleum Corporation ($3.00 billion), T. Rowe Price Group, Inc. ($2.35 billion), Coinbase Global, Inc. ($2.30 billion), Paramount Global ($2.04 billion), Etsy, Inc. ($1.90 billion), Voya Financial, Inc. ($1.77 billion), CarMax, Inc. ($1.67 billion), Royal Caribbean Cruises Ltd. ($1.58 billion), and Monolithic Power Systems, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling ALBO is an investing strategy that aims to generate trading profit from Albireo Pharma as its price is falling. 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 Albireo Pharma 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 ALBO, 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 ALBO, twice per month. The most recent reporting period available is February, 15 2023.