Titan Medical (TMDI) Short Interest Ratio & Short Volume

Short interest is the volume of Titan Medical shares that have been sold short but have not yet been covered or closed out. As of February 28th, investors have sold 1,490,000 shares of TMDI short. Learn More on Titan Medical's current short interest.

Titan Medical saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,490,000 shares, an increase of 2,748.9% from the previous total of 52,300 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 industry of "surgical & medical instruments" compare to Titan Medical: Meihua International Medical Technologies Co., Ltd. (1.88%), T2 Biosystems, Inc. (11.64%), PAVmed Inc. (5.35%), GlucoTrack, Inc. (0.47%), STRATA Skin Sciences, Inc. (1.17%), Akili, Inc. (0.31%), Microbot Medical Inc. (1.20%), NEXGEL, Inc. (0.51%), PetVivo Holdings, Inc. (1.49%), Biotricity, Inc. (4.54%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling TMDI is an investing strategy that aims to generate trading profit from Titan Medical as its price is falling. TMDI shares are trading down $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 Titan Medical 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 TMDI, 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 TMDI, twice per month. The most recent reporting period available is February, 28 2023.