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CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
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PYPL   62.10 (-1.83%)
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BABA   68.88 (+0.09%)
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MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)
QQQ   423.41 (-0.57%)
AAPL   167.04 (-0.57%)
MSFT   404.27 (-1.84%)
META   501.80 (+1.54%)
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AMZN   179.22 (-1.14%)
TSLA   149.93 (-3.55%)
NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
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PYPL   62.10 (-1.83%)
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Legend Biotech (LEGN) Short Interest Ratio & Short Volume

$47.12
-1.71 (-3.50%)
(As of 04:35 PM ET)

Legend Biotech Short Interest Data

Current Short Volume
9,990,000 shares
Previous Short Volume
10,510,000 shares
Change Vs. Previous Month
-4.95%
Dollar Volume Sold Short
$560.34 million
Short Interest Ratio / Days to Cover
10.2
Last Record Date
March 31, 2024
Outstanding Shares
181,910,000 shares
Percentage of Shares Shorted
5.49%
Today's Trading Volume
816,005 shares
Average Trading Volume
992,269 shares
Today's Volume Vs. Average
82%
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LEGN Short Interest Over Time

LEGN Days to Cover Over Time

LEGN Percentage of Float Shorted Over Time

Legend Biotech Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20249,990,000 shares $560.34 million -5.0%N/A10.2 $56.09
3/15/202410,510,000 shares $672.85 million +2.4%N/A10.8 $64.02
2/29/202410,260,000 shares $668.54 million +3.2%N/A11.1 $65.16
2/15/20249,940,000 shares $567.08 million -1.1%N/A9.7 $57.05
1/31/202410,050,000 shares $553.35 million +0.4%N/A9.8 $55.06
1/15/202410,010,000 shares $608.31 million +0.7%N/A10.4 $60.77
12/31/20239,940,000 shares $598.09 million -7.4%N/A11.5 $60.17
12/15/202310,730,000 shares $657.64 million -0.2%N/A13 $61.29
11/30/202310,750,000 shares $653.82 million +21.1%N/A14.2 $60.82
11/15/20238,880,000 shares $576.93 million +9.2%N/A15.7 $64.97
10/31/20238,130,000 shares $537.15 million -0.4%N/A16.1 $66.07
10/15/20238,160,000 shares $542.64 million +4.8%N/A16.1 $66.50
9/30/20237,790,000 shares $523.25 million +8.0%N/A14.7 $67.17
9/15/20237,210,000 shares $478.38 million -2.8%N/A13.4 $66.35
8/31/20237,420,000 shares $514.65 million +7.2%N/A12.1 $69.36
8/15/20236,920,000 shares $463.29 million +1.6%N/A10 $66.95
7/31/20236,810,000 shares $514.29 million +15.8%N/A9.8 $75.52
7/15/20235,880,000 shares $408.42 million -1.5%N/A7.8 $69.46
6/30/20235,970,000 shares $412.11 million +5.9%N/A6.6 $69.03
6/15/20235,640,000 shares $401.85 million +24.5%N/A6.2 $71.25
5/31/20234,530,000 shares $290.69 million -3.2%N/A5.4 $64.17
5/15/20234,680,000 shares $342.30 million +13.6%N/A5.8 $73.14
4/30/20234,120,000 shares $283.09 million -21.4%N/A5.2 $68.71
4/15/20235,240,000 shares $277.82 million -11.2%N/A6.4 $53.02
3/31/20235,900,000 shares $284.50 million +15.5%N/A9.3 $48.22
3/15/20235,110,000 shares $239.71 million +14.8%N/A8.3 $46.91
2/28/20234,450,000 shares $205.50 million +12.7%N/A6.7 $46.18
2/15/20233,950,000 shares $192.96 million +7.1%N/A6 $48.85
1/31/20233,690,000 shares $186.35 million +0.8%N/A5.5 $50.50
1/15/20233,660,000 shares $209.97 million +1.7%N/A5.4 $57.37
12/30/20223,600,000 shares $179.71 million -19.1%N/A5.2 $49.92
12/15/20224,450,000 shares $230.69 million +13.2%N/A6.4 $51.84
11/30/20223,930,000 shares $202.43 million +6.5%N/A5.4 $51.51
11/15/20223,690,000 shares $193.73 million -38.7%N/A5.2 $52.50
10/31/20226,020,000 shares $299.92 million -13.0%N/A8.6 $49.82
10/15/20226,920,000 shares $275.07 million +2.5%N/A8.7 $39.75
9/30/20226,750,000 shares $275.40 million +22.3%N/A8.8 $40.80
9/15/20225,520,000 shares $240.12 million +22.7%N/A7.3 $43.50
8/31/20224,500,000 shares $209.21 million +10.8%N/A6.1 $46.49
8/15/20224,060,000 shares $189.68 million +17.0%N/A5.6 $46.72
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LEGN Short Interest - Frequently Asked Questions

What is Legend Biotech's current short interest?

Short interest is the volume of Legend Biotech shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 9,990,000 shares of LEGN short. Learn More on Legend Biotech's current short interest.

What is a good short interest ratio for Legend Biotech?

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. LEGN shares currently have a short interest ratio of 10.0. Learn More on Legend Biotech's short interest ratio.

Which institutional investors are shorting Legend Biotech?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Legend Biotech: Goldman Sachs Group Inc., Citadel Advisors LLC, PEAK6 Investments LLC, Goldman Sachs Group Inc., Concourse Financial Group Securities Inc., and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Legend Biotech's short interest increasing or decreasing?

Legend Biotech saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 9,990,000 shares, a drop of 4.9% from the previous total of 10,510,000 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.

How does Legend Biotech's short interest compare to its competitors?

Here is how the short interest of companies in the sector of "medical" compare to Legend Biotech: Ascendis Pharma A/S (5.75%), Catalent, Inc. (4.15%), Intra-Cellular Therapies, Inc. (3.58%), Cerevel Therapeutics Holdings, Inc. (11.06%), Viking Therapeutics, Inc. (8.64%), United Therapeutics Co. (11.28%), Sarepta Therapeutics, Inc. (4.90%), Cytokinetics, Incorporated (13.33%), Jazz Pharmaceuticals plc (5.41%), Elanco Animal Health Incorporated (2.53%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

What does it mean to sell short Legend Biotech stock?

Short selling LEGN is an investing strategy that aims to generate trading profit from Legend Biotech as its price is falling. LEGN shares are trading down $1.71 today. 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.

How does a short squeeze work against Legend Biotech?

A short squeeze for Legend Biotech 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 LEGN, which in turn drives the price of the stock up even further.

How often is Legend Biotech's 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 LEGN, twice per month. The most recent reporting period available is March, 31 2024.



More Short Interest Resources from MarketBeat

This page (NASDAQ:LEGN) was last updated on 4/18/2024 by MarketBeat.com Staff

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