Profound Medical Short Interest Ratio and Short Volume

+0.39 (+2.10 %)
(As of 05/11/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume53,479 shs
Average Volume79,321 shs
Market Capitalization$385.85 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Profound Medical (NASDAQ:PROF) Short Interest Data

Current Short Volume431,500 shares
Previous Short Volume426,400 shares
Change Vs. Previous Month+1.20%
Dollar Volume Sold Short$8.62 million
Short Interest Ratio / Days to Cover5.2
Last Record DateApril, 15 2021
Outstanding Shares20,340,000 shares
Float Size18,010,000 shares
Short Percent of Float2.40%
Today's Trading Volume53,479 shares
Average Trading Volume79,321 shares
Today's Volume Vs. Average-32.58%

Short Interest Over Time

Profound Medical (NASDAQ:PROF) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021431,500 shares $8.62 million +1.2%2.4%5.2$19.98
3/31/2021426,400 shares $8.22 million -4.7%2.4%5$19.27
3/15/2021447,600 shares $10.38 million +36.8%2.5%4.9$23.19
2/26/2021327,100 shares $7.06 million +1.3%1.8%3.6$21.57
2/12/2021322,900 shares $8.58 million -4.0%1.8%3.4$26.57
1/29/2021336,400 shares $9.07 million -0.8%2.0%3.6$26.97
1/15/2021339,100 shares $8.29 million +7.8%2.0%4$24.45
12/31/2020314,600 shares $6.53 million +0.4%1.9%3.9$20.77
12/15/2020313,500 shares $5.61 million +6.2%1.9%3.9$17.90
11/30/2020295,300 shares $5.61 million +2.1%1.8%3.5$19.00
11/15/2020289,300 shares $5.38 million -28.8%1.8%3.9$18.61
10/30/2020406,500 shares $7.14 million +2.8%2.5%5.5$17.56
10/15/2020395,300 shares $6.82 million +2.4%2.4%5$17.26

Profound Medical (NASDAQ:PROF) Short Interest FAQ

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What is Profound Medical's current short interest?

Short interest is the volume of Profound Medical shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 431,500 shares of PROF short. 2.40% of Profound Medical's shares are currently sold short. View details.

What is a good short interest ratio for Profound Medical?

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. Profound Medical currently has a short interest ratio of 5.0.

What is a good short interest percentage for Profound Medical?

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. 2.40% of Profound Medical's floating shares are currently sold short.

Is Profound Medical's short interest increasing or decreasing?

Profound Medical saw a increase in short interest in April. As of April 15th, there was short interest totaling 431,500 shares, an increase of 1.2% from the previous total of 426,400 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 Profound Medical's float size?

Profound Medical currently has issued a total of 20,340,000 shares. Some of Profound Medical'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. Profound Medical currently has a public float of 18,010,000 shares.

How does Profound Medical's short interest compare to its competitors?

2.40% of Profound Medical's shares are currently sold short. Here is how the short interest of companies in the industry of "surgical & medical instruments" compare to Profound Medical: Pulmonx Co. (4.06%), Cardiovascular Systems, Inc. (0.00%), Alphatec Holdings, Inc. (0.00%), Inovio Pharmaceuticals, Inc. (0.00%), OrthoPediatrics Corp. (13.95%), CryoLife, Inc. (0.00%), Atrion Co. (0.00%), MiMedx Group, Inc. (8.08%), Tactile Systems Technology, Inc. (10.80%), and SI-BONE, Inc. (0.00%).

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 Profound Medical stock?

Short selling PROF is an investing strategy that aims to generate trading profit from Profound Medical as its price is falling. Profound Medical's stock is trading up $0.39 today. To short Profound Medical 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 Profound Medical 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 Profound Medical?

A short squeeze for Profound Medical 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 PROF, which in turn drives the price of the stock up even further.

How often is Profound Medical'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 PROF, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/12/2021 by Staff
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