CM Life Sciences III (CMLT) Short Interest Ratio & Short Volume

Short interest is the volume of CM Life Sciences III shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 962,500 shares of CMLT short. 1.75% of CM Life Sciences III's shares are currently sold short. Learn More on CM Life Sciences III'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. CMLT shares currently have a short interest ratio of 3.0. Learn More on CM Life Sciences III'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. 1.75% of CM Life Sciences III's floating shares are currently sold short.

CM Life Sciences III saw a increase in short interest in November. As of November 30th, there was short interest totaling 962,500 shares, an increase of 19.1% from the previous total of 807,900 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.

CM Life Sciences III currently has issued a total of 20,725,000 shares. Some of CM Life Sciences III'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. CM Life Sciences III currently has a public float of 55,080,000 shares.

1.75% of CM Life Sciences III's shares are currently sold short. Here is how the short interest of companies compare to CM Life Sciences III: Aerovate Therapeutics, Inc. (21.72%), PyroGenesis Canada Inc. (0.07%), Actinium Pharmaceuticals, Inc. (3.30%), Eagle Pharmaceuticals, Inc. (0.33%), Aadi Bioscience, Inc. (6.58%), NanoViricides, Inc. (0.66%), AEON Biopharma, Inc. (4.08%), China Pharma Holdings, Inc. (2.43%), Spruce Biosciences, Inc. (0.10%), Orgenesis Inc. (0.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($11.35 billion), S&P Global Inc. ($8.85 billion), Charter Communications, Inc. ($5.23 billion), Canadian Pacific Kansas City Limited ($4.96 billion), Wayfair Inc. ($3.99 billion), Palo Alto Networks, Inc. ($3.89 billion), Etsy, Inc. ($2.57 billion), Zscaler, Inc. ($2.44 billion), eBay Inc. ($2.34 billion), and Teladoc Health, Inc. ($2.30 billion). View all of the most shorted stocks.

Short selling CMLT is an investing strategy that aims to generate trading profit from CM Life Sciences III 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 CM Life Sciences III 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 CMLT, 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 CMLT, twice per month. The most recent reporting period available is November, 30 2021.