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 closed out or covered. As of March 31st, traders have sold 11,100 shares of SLGL short. 0.12% of Sol-Gel Technologies' shares are currently sold short. Learn More on Sol-Gel Technologies' current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Sol-Gel Technologies: Citadel Advisors LLC, and Concourse Financial Group Securities Inc.. 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. 0.12% of Sol-Gel Technologies' floating shares are currently sold short.

Sol-Gel Technologies saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,100 shares, a drop of 17.8% from the previous total of 13,500 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 27,860,000 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 9,420,000 shares.

0.12% of Sol-Gel Technologies' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Sol-Gel Technologies: Eyenovia, Inc. (11.01%), Acurx Pharmaceuticals, Inc. (2.83%), Aileron Therapeutics, Inc. (0.88%), Forte Biosciences, Inc. (0.09%), Enlivex Therapeutics Ltd. (1.27%), Unity Biotechnology, Inc. (2.00%), Aptorum Group Limited (3.91%), Sensei Biotherapeutics, Inc. (0.96%), Viracta Therapeutics, Inc. (2.37%), DURECT Co. (3.55%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 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 down $0.09 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 increases 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 March, 31 2024.