Seagen (SGEN) Short Interest Ratio & Short Volume

Short interest is the volume of Seagen shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 9,580,000 shares of SGEN short. Learn More on Seagen'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. SGEN shares currently have a short interest ratio of 7.0. Learn More on Seagen's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Seagen: Nomura Holdings Inc., Flow State Investments L.P., FourWorld Capital Management LLC, Clear Street Markets LLC, Twin Securities Inc., P Schoenfeld Asset Management LP, Vazirani Asset Management LLC, Lighthouse Investment Partners LLC, TIG Advisors LLC, Bardin Hill Management Partners LP, Boussard & Gavaudan Investment Management LLP, BTG Pactual Global Asset Management Ltd, Cowen AND Company LLC, Segantii Capital Management Ltd, Picton Mahoney Asset Management, BCK Capital Management LP, and Equitec Proprietary Markets LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Seagen saw a decrease in short interest in the month of November. As of November 30th, there was short interest totaling 9,580,000 shares, a decrease of 6.1% from the previous total of 10,200,000 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.

Here is how the short interest of companies in the sector of "medical" compare to Seagen: IQVIA Holdings Inc. (1.58%), Takeda Pharmaceutical Company Limited (0.19%), Moderna, Inc. (6.24%), Centene Co. (1.43%), IDEXX Laboratories, Inc. (2.08%), Alcon Inc. (0.69%), Humana Inc. (2.75%), GE HealthCare Technologies Inc. (2.59%), Cencora, Inc. (4.73%), Haleon plc (0.52%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($6.17 billion), Canadian Natural Resources Limited ($3.99 billion), T-Mobile US, Inc. ($3.78 billion), Charter Communications, Inc. ($3.37 billion), Coinbase Global, Inc. ($2.89 billion), Suncor Energy Inc. ($2.83 billion), Occidental Petroleum Co. ($2.64 billion), Tractor Supply ($2.31 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Rivian Automotive, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling SGEN is an investing strategy that aims to generate trading profit from Seagen 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 Seagen 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 SGEN, 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 SGEN, twice per month. The most recent reporting period available is November, 30 2023.