NASDAQ:KDNY

Chinook Therapeutics Short Interest Ratio and Short Volume

$15.30
-0.60 (-3.77 %)
(As of 04/19/2021 03:59 PM ET)
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Today's Range
$15.25
Now: $15.30
$15.73
50-Day Range
$13.60
MA: $16.66
$19.11
52-Week Range
$10.50
Now: $15.30
$21.68
Volume4,439 shs
Average Volume120,115 shs
Market Capitalization$648.37 million
P/E RatioN/A
Dividend YieldN/A
Beta0.26

Short Interest

Chinook Therapeutics (NASDAQ:KDNY) Short Interest Data

Current Short Volume904,900 shares
Previous Short Volume806,200 shares
Change Vs. Previous Month:+12.24%
Dollar Volume Sold Short$12.31 million
Short Interest Ratio / Days to Cover7.6
Last Record DateMarch, 31 2021
Outstanding Shares42,377,000 shares
Float Size10,780,000 shares
Short Percent of Float8.39%
Today's Trading Volume4,439 shares
Average Trading Volume120,115 shares
Today's Volume Vs. Average-96.30%

Short Interest Over Time


Chinook Therapeutics (NASDAQ:KDNY) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/2021904,900 shares $12.31 million +12.2%8.4%7.6 $13.60
3/15/2021806,200 shares $13.49 million +5.4%7.5%5.9 $16.73
2/26/2021765,000 shares $13.75 million +8.4%7.1%5 $17.97
2/12/2021706,000 shares $11.68 million +1.7%6.6%4.7 $16.54
1/29/2021694,000 shares $10.51 million +5.0%5.8%4.6 $15.14
1/15/2021661,000 shares $9.45 million No Change5.6%4.1 $14.29

Chinook Therapeutics (NASDAQ:KDNY) Short Interest FAQ

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What is Chinook Therapeutics' current short interest?

Short interest is the volume of Chinook Therapeutics shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 904,900 shares of KDNY short. 8.39% of Chinook Therapeutics' shares are currently sold short. View details.

What is a good short interest ratio for Chinook Therapeutics?

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. Chinook Therapeutics currently has a short interest ratio of 8.0.

What is a good short interest percentage for Chinook Therapeutics?

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. 8.39% of Chinook Therapeutics' floating shares are currently sold short.

Is Chinook Therapeutics' short interest increasing or decreasing?

Chinook Therapeutics saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 904,900 shares, an increase of 12.2% from the previous total of 806,200 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.

What is Chinook Therapeutics' float size?

Chinook Therapeutics currently has issued a total of 42,377,000 shares. Some of Chinook Therapeutics' 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. Chinook Therapeutics currently has a public float of 10,780,000 shares.

How does Chinook Therapeutics' short interest compare to its competitors?

8.39% of Chinook Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Chinook Therapeutics: Rocket Pharmaceuticals, Inc. (0.00%), Corcept Therapeutics Incorporated (9.90%), Amicus Therapeutics, Inc. (0.00%), Global Blood Therapeutics, Inc. (0.00%), Intra-Cellular Therapies, Inc. (0.00%), Ligand Pharmaceuticals Incorporated (9.49%), Xencor, Inc. (0.00%), ALX Oncology Holdings Inc. (12.58%), Cryoport, Inc. (0.00%), and Arcus Biosciences, Inc. (14.49%).

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 Chinook Therapeutics stock?

Short selling KDNY is an investing strategy that aims to generate trading profit from Chinook Therapeutics as its price is falling. Chinook Therapeutics' stock is trading down $0.60 today. To short Chinook Therapeutics 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 Chinook Therapeutics 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 Chinook Therapeutics?

A short squeeze for Chinook Therapeutics 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 KDNY, which in turn drives the price of the stock up even further.

How often is Chinook Therapeutics' 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 KDNY, twice per month. The most recent reporting period available is March, 31 2021.



This page was last updated on 4/19/2021 by MarketBeat.com Staff
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