Amryt Pharma Short Interest Ratio and Short Volume

Short interest is the volume of Amryt Pharma shares that have been sold short but have not yet been closed out or covered. As of March 15th, traders have sold 27,700 shares of AMYT short.

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. Amryt Pharma currently has a short interest ratio of 1.0.

Amryt Pharma saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 27,700 shares, an increase of 77.6% from the previous total of 15,600 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.

0.00% of Amryt Pharma's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Amryt Pharma: Revance Therapeutics, Inc. (0.00%), Dicerna Pharmaceuticals, Inc. (7.67%), Axsome Therapeutics, Inc. (10.77%), NGM Biopharmaceuticals, Inc. (9.54%), Morphic Holding, Inc. (4.94%), CytoDyn Inc. (0.00%), Kura Oncology, Inc. (0.00%), Seres Therapeutics, Inc. (10.55%), Madrigal Pharmaceuticals, Inc. (24.53%), and MacroGenics, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

Short selling AMYT is an investing strategy that aims to generate trading profit from Amryt Pharma as its price is falling. Amryt Pharma's stock is trading down $0.04 today. To short Amryt Pharma 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 Amryt Pharma 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 Amryt Pharma 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 AMYT, 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 AMYT, twice per month. The most recent reporting period available is March, 15 2021.