resTORbio (TORC) Short Interest Ratio & Short Volume

Short interest is the volume of resTORbio shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 352,600 shares of TORC short. 1.64% of resTORbio's shares are currently sold short. Learn More on resTORbio's current short interest.

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. 1.64% of resTORbio's floating shares are currently sold short.

resTORbio saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 352,600 shares, a decline of 0.7% from the previous total of 355,200 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.

resTORbio currently has issued a total of 36,454,000 shares. Some of resTORbio's 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. resTORbio currently has a public float of 21,500,000 shares.

1.64% of resTORbio's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to resTORbio: Kronos Bio, Inc. (1.65%), Equillium, Inc. (2.31%), Aileron Therapeutics, Inc. (0.31%), Carisma Therapeutics, Inc. (8.53%), Eagle Pharmaceuticals, Inc. (10.32%), Mural Oncology plc (8.08%), Kezar Life Sciences, Inc. (5.25%), MediciNova, Inc. (0.53%), Checkpoint Therapeutics, Inc. (12.35%), CalciMedica, Inc. (0.71%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.22 billion), Aon plc ($3.37 billion), The Clorox Company ($3.22 billion), The Charles Schwab Co. ($2.86 billion), The Kroger Co. ($2.04 billion), Simon Property Group, Inc. ($1.87 billion), Moderna, Inc. ($1.82 billion), International Flavors & Fragrances Inc. ($1.74 billion), Iron Mountain Incorporated ($1.68 billion), and C.H. Robinson Worldwide, Inc. ($1.65 billion). View all of the most shorted stocks.

Short selling TORC is an investing strategy that aims to generate trading profit from resTORbio as its price is falling. TORC shares are trading down $0.02 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 resTORbio 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 TORC, 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 TORC, twice per month. The most recent reporting period available is August, 31 2020.