Silverback Therapeutics (SBTX) Short Interest Ratio & Short Volume

Short interest is the volume of Silverback Therapeutics shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 897,600 shares of SBTX short. 3.70% of Silverback Therapeutics' shares are currently sold short. Learn More on Silverback 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. SBTX shares currently have a short interest ratio of 4.0. Learn More on Silverback 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. 3.70% of Silverback Therapeutics' floating shares are currently sold short.

Silverback Therapeutics saw a drop in short interest in October. As of October 15th, there was short interest totaling 897,600 shares, a drop of 9.9% from the previous total of 996,600 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.

Silverback Therapeutics currently has issued a total of 36,058,000 shares. Some of Silverback 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. Silverback Therapeutics currently has a public float of 24,290,000 shares.

3.70% of Silverback Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Silverback Therapeutics: Ventyx Biosciences, Inc. (17.54%), XOMA Co. (2.42%), Terns Pharmaceuticals, Inc. (10.70%), Aquestive Therapeutics, Inc. (5.47%), Atea Pharmaceuticals, Inc. (2.37%), CorMedix Inc. (17.11%), Kamada Ltd. (0.12%), Neoleukin Therapeutics, Inc. (0.35%), Erasca, Inc. (10.56%), Verrica Pharmaceuticals Inc. (15.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.48 billion), Charter Communications, Inc. ($2.85 billion), Twitter, Inc. ($1.89 billion), T. Rowe Price Group, Inc. ($1.78 billion), Coinbase Global, Inc. ($1.77 billion), PG&E Co. ($1.75 billion), Lucid Group, Inc. ($1.58 billion), Rivian Automotive, Inc. ($1.42 billion), Roblox Co. ($1.39 billion), and Williams-Sonoma, Inc. ($1.33 billion). View all of the most shorted stocks.

Short selling SBTX is an investing strategy that aims to generate trading profit from Silverback Therapeutics as its price is falling. SBTX shares are trading up $0.26 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 Silverback 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 SBTX, 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 SBTX, twice per month. The most recent reporting period available is October, 15 2022.