NASDAQ:IGMS

IGM Biosciences Short Interest Ratio and Short Volume

$59.69
-2.72 (-4.36 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$58.81
Now: $59.69
$62.30
50-Day Range
$62.10
MA: $80.57
$95.12
52-Week Range
$41.41
Now: $59.69
$133.00
Volume159,176 shs
Average Volume198,780 shs
Market Capitalization$1.91 billion
P/E RatioN/A
Dividend YieldN/A
Beta-1.12

Short Interest

IGM Biosciences (NASDAQ:IGMS) Short Interest Data

Current Short Volume3,560,000 shares
Previous Short Volume2,410,000 shares
Change Vs. Previous Month:+47.72%
Dollar Volume Sold Short$221.08 million
Short Interest Ratio / Days to Cover18.2
Last Record DateMarch, 31 2021
Outstanding Shares32,006,000 shares
Float Size14,320,000 shares
Short Percent of Float24.86%
Today's Trading Volume159,176 shares
Average Trading Volume198,780 shares
Today's Volume Vs. Average-19.92%

Short Interest Over Time


IGM Biosciences (NASDAQ:IGMS) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20213,560,000 shares $221.08 million +47.7%24.9%18.2 $62.10
3/15/20212,410,000 shares $188.78 million +12.6%16.9%11.5 $78.33
2/26/20212,140,000 shares $178.90 million +10.3%15.0%7.4 $83.60
2/12/20211,940,000 shares $169.61 million -13.8%13.6%6.7 $87.43
1/29/20212,250,000 shares $262.13 million -8.5%15.8%7.6 $116.50
1/15/20212,460,000 shares $234.54 million -3.9%17.3%7.9 $95.34
12/31/20202,170,000 shares $185.19 million -6.1%15.3%6.9 $85.34
12/15/20202,170,000 shares $171.69 million -6.1%15.3%6.9 $79.12
11/30/20202,310,000 shares $194.69 million +5.5%17.6%7.7 $84.28
11/15/20202,190,000 shares $146.25 million +12.3%16.7%10.2 $66.78
10/30/20201,950,000 shares $104.27 million +29.1%14.9%9.8 $53.47
10/15/20201,510,000 shares $91.16 million -3.8%11.5%9.1 $60.37
9/30/20201,570,000 shares $126.86 million +1.3%12.0%11.2 $80.80
9/15/20201,550,000 shares $114.93 million +14.0%11.8%11.6 $74.15
8/31/20201,360,000 shares $80.70 million +3.0%10.4%12.6 $59.34
8/14/20201,320,000 shares $59.10 million +1.5%10.1%13.5 $44.77
7/31/20201,300,000 shares $67.82 million +20.4%10.0%13.2 $52.17
7/15/20201,080,000 shares $54.28 million +4.9%8.3%11.7 $50.26
6/30/20201,030,000 shares $55.19 million +38.4%7.9%10.8 $53.58
6/15/2020744,200 shares $53.02 million +2.3%5.7%8.3 $71.25
5/29/2020727,400 shares $54.46 million +9.3%5.6%7.9 $74.87
5/15/2020665,300 shares $43.10 million +1.1%5.1%6.5 $64.78
4/30/2020658,300 shares $41.67 million +5.7%5.1%5.6 $63.30
4/15/2020622,900 shares $39.85 million +11.5%4.8%5 $63.97
3/31/2020558,500 shares $31.56 million +24.7%4.3%4 $56.50

IGM Biosciences (NASDAQ:IGMS) Short Interest FAQ

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What is IGM Biosciences' current short interest?

Short interest is the volume of IGM Biosciences shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 3,560,000 shares of IGMS short. 24.86% of IGM Biosciences' shares are currently sold short. View details.

What is a good short interest ratio for IGM Biosciences?

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. IGM Biosciences currently has a short interest ratio of 18.0.

What is a good short interest percentage for IGM Biosciences?

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. 24.86% of IGM Biosciences' floating shares are currently sold short.

Is IGM Biosciences' short interest increasing or decreasing?

IGM Biosciences saw a increase in short interest in March. As of March 31st, there was short interest totaling 3,560,000 shares, an increase of 47.7% from the previous total of 2,410,000 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.

What is IGM Biosciences' float size?

IGM Biosciences currently has issued a total of 32,006,000 shares. Some of IGM Biosciences' 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. IGM Biosciences currently has a public float of 14,320,000 shares.

How does IGM Biosciences' short interest compare to its competitors?

24.86% of IGM Biosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to IGM Biosciences: Ultragenyx Pharmaceutical Inc. (0.00%), Arrowhead Pharmaceuticals, Inc. (0.00%), GW Pharmaceuticals plc (0.00%), Evotec SE (0.00%), Ascendis Pharma A/S (0.00%), TG Therapeutics, Inc. (9.03%), Ionis Pharmaceuticals, Inc. (6.54%), Sarepta Therapeutics, Inc. (0.00%), Perrigo Company plc (3.85%), and Allakos Inc. (9.68%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short IGM Biosciences stock?

Short selling IGMS is an investing strategy that aims to generate trading profit from IGM Biosciences as its price is falling. IGM Biosciences' stock is trading down $2.72 today. To short IGM Biosciences 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 IGM Biosciences 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.

How does a short squeeze work against IGM Biosciences?

A short squeeze for IGM Biosciences 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 IGMS, which in turn drives the price of the stock up even further.

How often is IGM Biosciences' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including IGMS, twice per month. The most recent reporting period available is March, 31 2021.



This page was last updated on 4/18/2021 by MarketBeat.com Staff
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