Idera Pharmaceuticals (IDRA) Short Interest Ratio & Short Volume

Short interest is the volume of Idera Pharmaceuticals shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 550,300 shares of IDRA short. 1.35% of Idera Pharmaceuticals' shares are currently sold short. Learn More on Idera Pharmaceuticals' 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. IDRA shares currently have a short interest ratio of 4.0. Learn More on Idera Pharmaceuticals'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. 1.35% of Idera Pharmaceuticals' floating shares are currently sold short.

Idera Pharmaceuticals saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 550,300 shares, a drop of 17.6% from the previous total of 668,000 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.

Idera Pharmaceuticals currently has issued a total of 62,355,000 shares. Some of Idera Pharmaceuticals' 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. Idera Pharmaceuticals currently has a public float of 40,900,000 shares.

1.35% of Idera Pharmaceuticals' shares are currently sold short. Here is how the short interest of companies in the industry of "biological products, except diagnostic" compare to Idera Pharmaceuticals: iTeos Therapeutics, Inc. (7.19%), Replimune Group, Inc. (17.40%), Jasper Therapeutics, Inc. (3.84%), Ocugen, Inc. (16.95%), Solid Biosciences Inc. (3.05%), Adaptive Biotechnologies Co. (6.57%), Voyager Therapeutics, Inc. (6.13%), Caribou Biosciences, Inc. (12.85%), Monte Rosa Therapeutics, Inc. (5.31%), Aura Biosciences, Inc. (6.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.81 billion), Charter Communications, Inc. ($3.04 billion), T. Rowe Price Group, Inc. ($1.98 billion), PG&E Co. ($1.92 billion), Lucid Group, Inc. ($1.90 billion), Coinbase Global, Inc. ($1.75 billion), Roblox Co. ($1.58 billion), Rivian Automotive, Inc. ($1.54 billion), Diamondback Energy, Inc. ($1.53 billion), and Old Dominion Freight Line, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling IDRA is an investing strategy that aims to generate trading profit from Idera Pharmaceuticals 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 Idera Pharmaceuticals 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 IDRA, 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 IDRA, twice per month. The most recent reporting period available is October, 31 2022.