Karuna Therapeutics (KRTX) Short Interest Ratio & Short Volume

Short interest is the volume of Karuna Therapeutics shares that have been sold short but have not yet been covered or closed out. As of February 29th, traders have sold 1,970,000 shares of KRTX short. Learn More on Karuna Therapeutics' 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. KRTX shares currently have a short interest ratio of 2.0. Learn More on Karuna Therapeutics's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Karuna Therapeutics: Barclays PLC, Parallax Volatility Advisers L.P., Citadel Advisors LLC, PEAK6 Investments LLC, UBS Group AG, Concourse Financial Group Securities Inc., and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Karuna Therapeutics saw a decline in short interest in February. As of February 29th, there was short interest totaling 1,970,000 shares, a decline of 6.6% from the previous total of 2,110,000 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.

Here is how the short interest of companies in the sector of "medical" compare to Karuna Therapeutics: BeiGene, Ltd. (1.81%), Dr. Reddy's Laboratories Limited (0.38%), Viatris Inc. (3.14%), Sarepta Therapeutics, Inc. (4.90%), United Therapeutics Co. (11.28%), Teva Pharmaceutical Industries Limited (1.03%), Catalent, Inc. (4.15%), Legend Biotech Co. (5.49%), Ascendis Pharma A/S (5.75%), BioMarin Pharmaceutical Inc. (1.62%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.39 billion), General Motors ($3.88 billion), Super Micro Computer, Inc. ($3.51 billion), Charter Communications, Inc. ($3.22 billion), Occidental Petroleum Co. ($3.13 billion), Tractor Supply ($2.76 billion), Coinbase Global, Inc. ($2.63 billion), Suncor Energy Inc. ($2.48 billion), Moderna, Inc. ($2.04 billion), and Royal Caribbean Cruises Ltd. ($1.87 billion). View all of the most shorted stocks.

Short selling KRTX is an investing strategy that aims to generate trading profit from Karuna Therapeutics 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 Karuna Therapeutics 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 KRTX, 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 KRTX, twice per month. The most recent reporting period available is February, 29 2024.