Genomic Health (GHDX) Short Interest Ratio & Short Volume

Short interest is the volume of Genomic Health shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 1,340,000 shares of GHDX short. 3.62% of Genomic Health's shares are currently sold short. Learn More on Genomic Health'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. GHDX shares currently have a short interest ratio of 2.0. Learn More on Genomic Health'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. 3.62% of Genomic Health's floating shares are currently sold short.

Genomic Health saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,340,000 shares, a drop of 2.9% from the previous total of 1,380,000 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.

Genomic Health currently has issued a total of 37,590,000 shares. Some of Genomic Health'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. Genomic Health currently has a public float of 37,020,000 shares.

3.62% of Genomic Health's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Genomic Health: Guardant Health, Inc. (6.28%), RadNet, Inc. (4.32%), Fortrea Holdings Inc. (5.21%), Veracyte, Inc. (4.85%), Viridian Therapeutics, Inc. (15.09%), Fulgent Genetics, Inc. (3.02%), CONMED Co. (13.22%), Apollo Medical Holdings, Inc. (5.98%), Merus (5.86%), Denali Therapeutics Inc. (8.39%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Alibaba Group Holding Limited ($3.24 billion), Sempra ($2.36 billion), Digital Realty Trust, Inc. ($1.78 billion), Twilio Inc. ($1.67 billion), Alexandria Real Estate Equities, Inc. ($1.27 billion), Insulet Co. ($909.50 million), Guidewire Software, Inc. ($704.80 million), Zendesk, Inc. ($602.65 million), Medidata Solutions Inc ($560.77 million), and Prosperity Bancshares, Inc. ($437.13 million). View all of the most shorted stocks.

Short selling GHDX is an investing strategy that aims to generate trading profit from Genomic Health 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 Genomic Health 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 GHDX, 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 GHDX, twice per month. The most recent reporting period available is October, 15 2019.