Protagenic Therapeutics (PTIX) Short Interest Ratio & Short Volume

Short interest is the volume of Protagenic Therapeutics shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 9,800 shares of PTIX short. 0.28% of Protagenic Therapeutics' shares are currently sold short. Learn More on Protagenic Therapeutics' 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. PTIX shares currently have a short interest ratio of 1.0. Learn More on Protagenic Therapeutics'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. 0.28% of Protagenic Therapeutics' floating shares are currently sold short.

Protagenic Therapeutics saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 9,800 shares, a decrease of 13.3% from the previous total of 11,300 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.

Protagenic Therapeutics currently has issued a total of 4,440,000 shares. Some of Protagenic Therapeutics' 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. Protagenic Therapeutics currently has a public float of 3,550,000 shares.

0.28% of Protagenic Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Protagenic Therapeutics: Tenax Therapeutics, Inc. (1.88%), Adial Pharmaceuticals, Inc. (26.72%), Clever Leaves Holdings Inc. (0.61%), Trevena, Inc. (0.33%), Cadrenal Therapeutics, Inc. (2.04%), eFFECTOR Therapeutics, Inc. (7.16%), Kineta, Inc. (1.23%), Pasithea Therapeutics Corp. (1.34%), Enveric Biosciences, Inc. (1.40%), 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 PTIX is an investing strategy that aims to generate trading profit from Protagenic Therapeutics as its price is falling. PTIX shares are trading down $0.18 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.

A short squeeze for Protagenic Therapeutics 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 PTIX, 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 PTIX, twice per month. The most recent reporting period available is April, 15 2024.