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Tandem Diabetes Care Short Interest Ratio and Short Volume

-1.47 (-1.24 %)
(As of 10/20/2020 12:00 AM ET)
Today's Range
Now: $116.74
50-Day Range
MA: $111.39
52-Week Range
Now: $116.74
Volume447,918 shs
Average Volume1.17 million shs
Market Capitalization$7.11 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Tandem Diabetes Care (NASDAQ:TNDM) Short Interest Data

Current Short Volume:3,310,000 shares
Previous Short Volume:3,370,000 shares
Change Vs. Previous Month:-1.78%
Dollar Volume Sold Short:$402.99 million
Short Interest Ratio / Days to Cover:5.0
Last Record Date:September, 30 2020
Outstanding Shares:58,070,000 shares
Short Percent of Float:0.00%
Today's Trading Volume:447,918 shares
Average Trading Volume:1,173,309 shares
Today's Volume Vs. Average:-61.82%

Tandem Diabetes Care (NASDAQ:TNDM) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
9/30/20203,310,000 $402.99 million -1.8%0.0%4.6$121.75
9/15/20203,370,000 $365.31 million -2.9%0.0%3.5$108.40
8/31/20203,470,000 $373.72 million 4.5%0.0%3.2$107.70
8/14/20203,320,000 $385.42 million -3.8%0.0%3$116.09
7/31/20203,450,000 $346.00 million -2.0%0.0%2.9$100.29
7/15/20203,520,000 $367.70 million -7.4%6.1%2.8$104.46
6/30/20203,800,000 $381.18 million -5.2%6.6%3$100.31
6/15/20204,010,000 $398.51 million 2.0%7.0%3.5$99.38
5/29/20203,930,000 $335.98 million -3.9%6.9%3.2$85.49
5/15/20204,090,000 $340.08 million -4.7%7.1%3.1$83.15
4/30/20204,290,000 $353.24 million -1.8%7.5%3$82.34
4/15/20204,370,000 $397.63 million -2.0%7.7%3$90.99
3/31/20204,460,000 $331.38 million 3.4%7.9%2.9$74.30
3/13/20204,312,200 $292.63 million 9.2%7.6%3.6$67.86
2/28/20203,950,000 $207.61 million -8.6%7.0%2.5$52.56
2/14/20204,320,000 $308.40 million -24.2%7.7%2.8$71.39
1/31/20205,700,000 $436.22 million -15.6%10.4%3.7$76.53
1/15/20206,750,000 $531.36 million -3.2%12.1%4.6$78.72
12/31/20196,970,000 $481.63 million 17.7%12.5%4.8$69.10

Tandem Diabetes Care (NASDAQ:TNDM) Short Interest FAQ

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What is Tandem Diabetes Care's current short interest?

Short interest is the volume of Tandem Diabetes Care shares that have been sold short but have not yet been covered or closed out. As of September 30th, investors have sold 3,310,000 shares of TNDM short. 0.00% of Tandem Diabetes Care's shares are currently sold short. View details.

What is a good short interest ratio for Tandem Diabetes Care?

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. Tandem Diabetes Care currently has a short interest ratio of 5.0.

Is Tandem Diabetes Care's short interest increasing or decreasing?

Tandem Diabetes Care saw a drop in short interest in September. As of September 30th, there was short interest totaling 3,310,000 shares, a drop of 1.8% from the previous total of 3,370,000 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.

How does Tandem Diabetes Care's short interest compare to its competitors?

0.00% of Tandem Diabetes Care's shares are currently sold short. Here is how the short interest of companies in the industry of "surgical & medical instruments" compare to Tandem Diabetes Care: ResMed Inc. (0.00%), FRESENIUS SE &/S (0.00%), Teleflex Incorporated (0.00%), Insulet Co. (0.00%), Novocure Ltd (6.38%), ABIOMED, Inc. (5.84%), Penumbra, Inc. (11.26%), Irhythm Technologies Inc (0.00%), Hill-Rom Holdings, Inc. (2.05%), and Globus Medical, Inc. (2.36%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group Inc ($1.88 billion). View all of the most shorted stocks.

What does it mean to sell short Tandem Diabetes Care stock?

Short selling TNDM is an investing strategy that aims to generate trading profit from Tandem Diabetes Care as its price is falling. Tandem Diabetes Care's stock is trading down $1.47 today. To short Tandem Diabetes Care 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 Tandem Diabetes Care 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 Tandem Diabetes Care?

A short squeeze for Tandem Diabetes Care 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 TNDM, which in turn drives the price of the stock up even further.

How often is Tandem Diabetes Care's 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 TNDM, twice per month. The most recent reporting period available is September, 30 2020.

This page was last updated on 10/21/2020 by MarketBeat.com Staff

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