Purple Biotech Short Interest Ratio and Short Volume

+0.06 (+1.53 %)
(As of 05/7/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume122,273 shs
Average Volume739,838 shs
Market Capitalization$69.52 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Purple Biotech (NASDAQ:PPBT) Short Interest Data

Current Short Volume241,200 shares
Previous Short Volume243,000 shares
Change Vs. Previous Month-0.74%
Dollar Volume Sold Short$979,272.00
Short Interest Ratio / Days to Cover0.3
Last Record DateApril, 15 2021
Outstanding Shares17,511,000 shares
Percentage of Shares Shorted1.38%
Today's Trading Volume122,273 shares
Average Trading Volume739,838 shares
Today's Volume Vs. Average-83.47%

Short Interest Over Time

Purple Biotech (NASDAQ:PPBT) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021241,200 shares $979,272.00 -0.7%N/A0.3$4.06
3/31/2021243,000 shares $991,440.00 +25.7%N/A0.3$4.08
3/15/2021193,400 shares $937,990.00 -38.4%N/A0.2$4.85
2/26/2021314,100 shares $1.52 million -11.1%N/A0.4$4.85
2/12/2021353,100 shares $2.06 million +90.2%N/A0.4$5.84
1/29/2021185,700 shares $768,798.00 +82.6%N/A0.3$4.14
1/15/2021101,700 shares $441,378.00 No ChangeN/A0.2$4.34

Purple Biotech (NASDAQ:PPBT) Short Interest FAQ

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What is Purple Biotech's current short interest?

Short interest is the volume of Purple Biotech shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 241,200 shares of PPBT short.

Is Purple Biotech's short interest increasing or decreasing?

Purple Biotech saw a drop in short interest in April. As of April 15th, there was short interest totaling 241,200 shares, a drop of 0.7% from the previous total of 243,000 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 Purple Biotech's short interest compare to its competitors?

0.00% of Purple Biotech's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Purple Biotech: Oncternal Therapeutics, Inc. (0.00%), Citius Pharmaceuticals, Inc. (0.00%), Kamada Ltd. (4.04%), Arbutus Biopharma Co. (0.00%), Kezar Life Sciences, Inc. (0.00%), Trevena, Inc. (0.00%), Mustang Bio, Inc. (12.50%), Cerecor Inc. (0.00%), 9 Meters Biopharma, Inc. (1.86%), and TFF Pharmaceuticals, Inc. (2.31%).

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. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Purple Biotech stock?

Short selling PPBT is an investing strategy that aims to generate trading profit from Purple Biotech as its price is falling. Purple Biotech's stock is trading up $0.06 today. To short Purple Biotech 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 Purple Biotech 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 Purple Biotech?

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

How often is Purple 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 PPBT, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/9/2021 by Staff
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