Sigilon Therapeutics Short Interest Ratio and Short Volume

Short interest is the volume of Sigilon Therapeutics shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 528,700 shares of SGTX short. 4.02% of Sigilon Therapeutics' shares are currently sold short. View details.

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. Sigilon Therapeutics currently has a short interest ratio of 4.0.

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. 4.02% of Sigilon Therapeutics' floating shares are currently sold short.

Sigilon Therapeutics saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 528,700 shares, a decrease of 7.4% from the previous total of 571,000 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.

Sigilon Therapeutics currently has issued a total of 31,529,000 shares. Some of Sigilon 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. Sigilon Therapeutics currently has a public float of 13,140,000 shares.

4.02% of Sigilon Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "biotechnology" compare to Sigilon Therapeutics: BioAtla, Inc. (12.85%), Nurix Therapeutics, Inc. (17.55%), Kinnate Biopharma Inc. (6.51%), Silverback Therapeutics, Inc. (11.23%), 4D Molecular Therapeutics, Inc. (3.28%), Pharming Group (0.00%), iTeos Therapeutics, Inc. (5.25%), 22nd Century Group, Inc. (0.00%), Kaleido Biosciences, Inc. (15.91%), and Unity Biotechnology, Inc. (8.56%).

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.

Short selling SGTX is an investing strategy that aims to generate trading profit from Sigilon Therapeutics as its price is falling. Sigilon Therapeutics' stock is trading up $0.24 today. To short Sigilon Therapeutics 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 Sigilon Therapeutics 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 Sigilon Therapeutics 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 SGTX, 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 SGTX, twice per month. The most recent reporting period available is April, 15 2021.