Turning Point Therapeutics Short Interest Ratio and Short Volume

-0.78 (-1.08 %)
(As of 05/5/2021 04:01 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume13,368 shs
Average Volume357,972 shs
Market Capitalization$3.51 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Turning Point Therapeutics (NASDAQ:TPTX) Short Interest Data

Current Short Volume2,810,000 shares
Previous Short Volume2,390,000 shares
Change Vs. Previous Month+17.57%
Dollar Volume Sold Short$207.66 million
Short Interest Ratio / Days to Cover7.5
Last Record DateApril, 15 2021
Outstanding Shares31,200,000 shares
Percentage of Shares Shorted5.72%
Today's Trading Volume13,368 shares
Average Trading Volume357,972 shares
Today's Volume Vs. Average-96.27%

Short Interest Over Time

Turning Point Therapeutics (NASDAQ:TPTX) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20212,810,000 shares $207.66 million +17.6%N/A7.5$75.90
3/31/20212,390,000 shares $186.44 million +4.4%N/A7.1$89.50
3/15/20212,290,000 shares $171.61 million +8.5%N/A7.7$114.60
2/26/20212,110,000 shares $198.38 million +7.1%N/A7.3$116.91
2/12/20211,970,000 shares $223.18 million No ChangeN/A7$134.63
1/29/20211,970,000 shares $232.66 million -5.3%N/A6.6$120.68
1/15/20212,080,000 shares $283.67 million -5.5%N/A5.5$136.99
12/31/20202,200,000 shares $281.75 million -10.2%N/A5.4$124.62
12/15/20202,450,000 shares $298.90 million -7.9%N/A5.8$126.44
11/30/20202,660,000 shares $330.98 million -8.6%N/A6$108.00
11/15/20202,910,000 shares $309.92 million +4.7%N/A6.6$110.40
10/30/20202,780,000 shares $306.91 million -16.3%N/A6.2$101.28
10/15/20203,320,000 shares $332.27 million -11.7%N/A8.8$116.35
9/30/20203,760,000 shares $450.52 million +11.2%N/A11.1$87.36
9/15/20203,380,000 shares $293.01 million +6.6%N/A10.6$78.82
8/31/20203,170,000 shares $229.83 million +6.4%N/A11.1$78.18
8/14/20202,980,000 shares $235.33 million -3.6%N/A9.8$62.49
7/31/20203,090,000 shares $193.16 million -1.0%10.1%8.1$59.23
7/15/20203,120,000 shares $184.80 million +9.1%10.2%8.2$62.03
6/30/20202,860,000 shares $171.66 million +4.4%9.3%7.6$63.96
6/15/20202,740,000 shares $176.10 million No Change9.0%7.1$61.25
5/29/20202,740,000 shares $178.81 million -16.2%9.2%6.6$69.25
5/15/20203,270,000 shares $226.45 million +4.5%10.9%7.9$64.21
4/30/20203,130,000 shares $206.42 million +1.0%10.7%10$51.51
4/15/20203,100,000 shares $171.18 million +2.3%10.6%9.2$50.35

Turning Point Therapeutics (NASDAQ:TPTX) Short Interest FAQ

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What is Turning Point Therapeutics' current short interest?

Short interest is the volume of Turning Point Therapeutics shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 2,810,000 shares of TPTX short.

What is a good short interest ratio for Turning Point Therapeutics?

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. Turning Point Therapeutics currently has a short interest ratio of 8.0.

Is Turning Point Therapeutics' short interest increasing or decreasing?

Turning Point Therapeutics saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,810,000 shares, an increase of 17.6% from the previous total of 2,390,000 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 Turning Point Therapeutics' short interest compare to its competitors?

0.00% of Turning Point Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Turning Point Therapeutics: Zai Lab Limited (0.00%), Ono Pharmaceutical Co., Ltd. (0.00%), Grifols, S.A. (1.40%), Dr. Reddy's Laboratories Limited (0.00%), Teva Pharmaceutical Industries Limited (2.71%), Bausch Health Companies Inc. (0.00%), Maravai LifeSciences Holdings, Inc. (8.66%), Jazz Pharmaceuticals plc (8.72%), United Therapeutics Co. (4.65%), and BridgeBio Pharma, Inc. (10.25%).

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 Turning Point Therapeutics stock?

Short selling TPTX is an investing strategy that aims to generate trading profit from Turning Point Therapeutics as its price is falling. Turning Point Therapeutics' stock is trading down $0.78 today. To short Turning Point Therapeutics 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 Turning Point Therapeutics 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 Turning Point Therapeutics?

A short squeeze for Turning Point Therapeutics 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 TPTX, which in turn drives the price of the stock up even further.

How often is Turning Point Therapeutics' 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 TPTX, twice per month. The most recent reporting period available is April, 15 2021.

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