Brickell Biotech (BBI) Short Interest Ratio & Short Volume

Short interest is the volume of Brickell Biotech shares that have been sold short but have not yet been closed out or covered. As of August 15th, traders have sold 189,600 shares of BBI short. 7.71% of Brickell Biotech's shares are currently sold short. Learn More on Brickell Biotech'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. BBI shares currently have a short interest ratio of 1.0. Learn More on Brickell Biotech'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. 7.71% of Brickell Biotech's floating shares are currently sold short.

Brickell Biotech saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 189,600 shares, an increase of 7.6% from the previous total of 176,200 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.

Brickell Biotech currently has issued a total of 2,874,000 shares. Some of Brickell Biotech's 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. Brickell Biotech currently has a public float of 2,460,000 shares.

7.71% of Brickell Biotech's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Brickell Biotech: Titan Pharmaceuticals, Inc. (0.59%), Creative Medical Technology Holdings, Inc. (2.17%), Fresh Tracks Therapeutics, Inc. (0.17%), Palisade Bio, Inc. (0.21%), Finch Therapeutics Group, Inc. (1.70%), TRACON Pharmaceuticals, Inc. (32.67%), BioCardia, Inc. (1.99%), Avalon GloboCare Corp. (1.74%), Gamida Cell Ltd. (7.11%), Windtree Therapeutics, Inc. (0.54%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.13 billion), Charter Communications, Inc. ($3.94 billion), Coinbase Global, Inc. ($2.38 billion), Lucid Group, Inc. ($2.30 billion), T. Rowe Price Group, Inc. ($2.22 billion), Williams-Sonoma, Inc. ($2.02 billion), Plug Power Inc. ($1.94 billion), Chesapeake Energy Co. ($1.91 billion), Unity Software Inc. ($1.82 billion), and Rivian Automotive, Inc. ($1.74 billion). View all of the most shorted stocks.

Short selling BBI is an investing strategy that aims to generate trading profit from Brickell Biotech 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 Brickell Biotech 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 BBI, 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 BBI, twice per month. The most recent reporting period available is August, 15 2022.