NuCana (NCNA) Short Interest Ratio & Short Volume

Short interest is the volume of NuCana shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 9,300 shares of NCNA short. 0.50% of NuCana's shares are currently sold short. Learn More on NuCana's current short interest.

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. 0.50% of NuCana's floating shares are currently sold short.

NuCana saw a decline in short interest in April. As of April 15th, there was short interest totaling 9,300 shares, a decline of 94.4% from the previous total of 164,900 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.

NuCana currently has issued a total of 2,092,000 shares. Some of NuCana's 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. NuCana currently has a public float of 1,870,000 shares.

0.50% of NuCana's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to NuCana: Molecular Templates, Inc. (6.97%), Virios Therapeutics, Inc. (1.11%), Cyclerion Therapeutics, Inc. (1.03%), Hepion Pharmaceuticals, Inc. (1.19%), Lixte Biotechnology Holdings, Inc. (4.59%), ASLAN Pharmaceuticals Limited (1.47%), Biofrontera Inc. (1.20%), TFF Pharmaceuticals, Inc. (2.77%), Bionomics Limited (2.03%), Chemomab Therapeutics Ltd. (1.31%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling NCNA is an investing strategy that aims to generate trading profit from NuCana 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 NuCana 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 NCNA, 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 NCNA, twice per month. The most recent reporting period available is April, 15 2024.