Turning Point Therapeutics (TPTX) Short Interest Ratio & Short Volume

Short interest is the volume of Turning Point Therapeutics shares that have been sold short but have not yet been closed out or covered. As of July 31st, traders have sold 2,140,000 shares of TPTX short. 5.01% of Turning Point Therapeutics' shares are currently sold short. Learn More on Turning Point Therapeutics' current short interest.

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. TPTX shares currently have a short interest ratio of 1.0. Learn More on Turning Point Therapeutics's short interest ratio.

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. 5.01% of Turning Point Therapeutics' floating shares are currently sold short.

Turning Point Therapeutics saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,140,000 shares, an increase of 0.5% from the previous total of 2,130,000 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.

Turning Point Therapeutics currently has issued a total of 50,074,000 shares. Some of Turning Point Therapeutics' 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. Turning Point Therapeutics currently has a public float of 42,680,000 shares.

5.01% of Turning Point Therapeutics' shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Turning Point Therapeutics: CymaBay Therapeutics, Inc. (5.10%), Insmed Incorporated (6.09%), Ultragenyx Pharmaceutical Inc. (4.76%), Axsome Therapeutics, Inc. (16.15%), Prestige Consumer Healthcare Inc. (3.52%), Amicus Therapeutics, Inc. (11.00%), Bausch Health Companies Inc. (6.31%), Biohaven Ltd. (10.50%), Crinetics Pharmaceuticals, Inc. (7.05%), Arrowhead Pharmaceuticals, Inc. (7.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: KLA Co. ($2.87 billion), Lucid Group, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.08 billion), Coinbase Global, Inc. ($1.91 billion), Williams-Sonoma, Inc. ($1.85 billion), Chesapeake Energy Co. ($1.81 billion), Rivian Automotive, Inc. ($1.64 billion), Lumen Technologies, Inc. ($1.61 billion), Plug Power Inc. ($1.50 billion), and Generac Holdings Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling TPTX is an investing strategy that aims to generate trading profit from Turning Point Therapeutics as its price is falling. 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 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.

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 July, 31 2022.