PolarityTE (PTE) Short Interest Ratio & Short Volume

Short interest is the volume of PolarityTE shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 120,400 shares of PTE short. 1.69% of PolarityTE's shares are currently sold short. Learn More on PolarityTE's 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. PTE shares currently have a short interest ratio of 1.0. Learn More on PolarityTE's short interest ratio.

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. 1.69% of PolarityTE's floating shares are currently sold short.

PolarityTE saw a increase in short interest in May. As of May 31st, there was short interest totaling 120,400 shares, an increase of 5.9% from the previous total of 113,700 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.

PolarityTE currently has issued a total of 7,380,000 shares. Some of PolarityTE'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. PolarityTE currently has a public float of 7,130,000 shares.

1.69% of PolarityTE's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to PolarityTE: TC Biopharm (Holdings) Plc (30.07%), Gamida Cell Ltd. (7.11%), Scinai Immunotherapeutics Ltd. (0.29%), Acorda Therapeutics, Inc. (0.66%), Avalon GloboCare Corp. (1.74%), TRACON Pharmaceuticals, Inc. (32.74%), Finch Therapeutics Group, Inc. (1.70%), Palisade Bio, Inc. (0.21%), Fresh Tracks Therapeutics, Inc. (0.17%), Creative Medical Technology Holdings, Inc. (2.17%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling PTE is an investing strategy that aims to generate trading profit from PolarityTE 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 PolarityTE 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 PTE, 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 PTE, twice per month. The most recent reporting period available is May, 31 2023.