Sol-Gel Technologies (SLGL) Short Interest Ratio & Short Volume

Short interest is the volume of Sol-Gel Technologies shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 48,200 shares of SLGL short. 0.42% of Sol-Gel Technologies' shares are currently sold short. Learn More on Sol-Gel Technologies' 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. SLGL shares currently have a short interest ratio of 3.0. Learn More on Sol-Gel Technologies's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sol-Gel Technologies: Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 0.42% of Sol-Gel Technologies' floating shares are currently sold short.

Sol-Gel Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 48,200 shares, a decline of 24.5% from the previous total of 63,800 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.

Sol-Gel Technologies currently has issued a total of 23,130,000 shares. Some of Sol-Gel Technologies' 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. Sol-Gel Technologies currently has a public float of 11,500,000 shares.

0.42% of Sol-Gel Technologies' shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Sol-Gel Technologies: Syros Pharmaceuticals, Inc. (3.97%), Rezolute, Inc. (0.41%), RVL Pharmaceuticals plc (0.14%), Hookipa Pharma Inc (0.71%), Immunic, Inc. (7.32%), Ocuphire Pharma, Inc. (9.74%), Vallon Pharmaceuticals, Inc. (0.98%), Eliem Therapeutics, Inc. (0.11%), Applied Therapeutics, Inc. (1.03%), ImmunoPrecise Antibodies Ltd. (0.43%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling SLGL is an investing strategy that aims to generate trading profit from Sol-Gel Technologies as its price is falling. SLGL shares are trading up $0.05 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 Sol-Gel Technologies 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 SLGL, 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 SLGL, twice per month. The most recent reporting period available is May, 15 2023.