Spruce Biosciences Short Interest Ratio and Short Volume

-0.17 (-1.09 %)
(As of 05/7/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume91,450 shs
Average Volume53,188 shs
Market Capitalization$359.08 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Spruce Biosciences (NASDAQ:SPRB) Short Interest Data

Current Short Volume470,100 shares
Previous Short Volume427,800 shares
Change Vs. Previous Month+9.89%
Dollar Volume Sold Short$7.46 million
Short Interest Ratio / Days to Cover9.6
Last Record DateApril, 15 2021
Outstanding Shares23,302,000 shares
Float Size7,250,000 shares
Short Percent of Float6.48%
Today's Trading Volume91,450 shares
Average Trading Volume53,188 shares
Today's Volume Vs. Average71.94%

Short Interest Over Time

Spruce Biosciences (NASDAQ:SPRB) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021470,100 shares $7.46 million +9.9%6.5%9.6$15.87
3/31/2021427,800 shares $6.51 million +9.1%5.9%9.5$15.21
3/15/2021392,300 shares $10.12 million +0.7%5.4%5.9$25.79
2/26/2021389,600 shares $8.26 million +3.3%5.4%6.2$21.21
2/12/2021377,300 shares $8.05 million -1.4%5.2%5.8$21.34
1/29/2021382,500 shares $7.68 million -3.8%6.2%5$20.08
1/15/2021397,400 shares $9.41 million No Change6.4%4.7$23.69

Spruce Biosciences (NASDAQ:SPRB) Short Interest FAQ

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What is Spruce Biosciences' current short interest?

Short interest is the volume of Spruce Biosciences shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 470,100 shares of SPRB short. 6.48% of Spruce Biosciences' shares are currently sold short. View details.

What is a good short interest ratio for Spruce Biosciences?

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. Spruce Biosciences currently has a short interest ratio of 10.0.

What is a good short interest percentage for Spruce Biosciences?

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. 6.48% of Spruce Biosciences' floating shares are currently sold short.

Is Spruce Biosciences' short interest increasing or decreasing?

Spruce Biosciences saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 470,100 shares, an increase of 9.9% from the previous total of 427,800 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.

What is Spruce Biosciences' float size?

Spruce Biosciences currently has issued a total of 23,302,000 shares. Some of Spruce Biosciences' 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. Spruce Biosciences currently has a public float of 7,250,000 shares.

How does Spruce Biosciences' short interest compare to its competitors?

6.48% of Spruce Biosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Spruce Biosciences: Zymeworks Inc. (0.00%), Zealand Pharma A/S (0.00%), Endo International plc (0.00%), Aurinia Pharmaceuticals Inc. (7.74%), Theravance Biopharma, Inc. (7.26%), Protagonist Therapeutics, Inc. (0.00%), COMPASS Pathways plc (5.20%), Keros Therapeutics, Inc. (8.74%), Ocular Therapeutix, Inc. (0.00%), and Avid Bioservices, Inc. (6.16%).

Which stocks are the most shorted right now?

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.

What does it mean to sell short Spruce Biosciences stock?

Short selling SPRB is an investing strategy that aims to generate trading profit from Spruce Biosciences as its price is falling. Spruce Biosciences' stock is trading down $0.17 today. To short Spruce Biosciences 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 Spruce Biosciences 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.

How does a short squeeze work against Spruce Biosciences?

A short squeeze for Spruce Biosciences 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 SPRB, which in turn drives the price of the stock up even further.

How often is Spruce Biosciences' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SPRB, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/9/2021 by Staff
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