Tabula Rasa HealthCare (TRHC) Short Interest Ratio & Short Volume

Short interest is the volume of Tabula Rasa HealthCare shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 732,900 shares of TRHC short. 3.06% of Tabula Rasa HealthCare's shares are currently sold short. Learn More on Tabula Rasa HealthCare's 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. TRHC shares currently have a short interest ratio of 2.0. Learn More on Tabula Rasa HealthCare'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. 3.06% of Tabula Rasa HealthCare's floating shares are currently sold short.

Tabula Rasa HealthCare saw a increase in short interest in October. As of October 15th, there was short interest totaling 732,900 shares, an increase of 0.8% from the previous total of 727,300 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.

Tabula Rasa HealthCare currently has issued a total of 27,060,000 shares. Some of Tabula Rasa HealthCare'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. Tabula Rasa HealthCare currently has a public float of 23,990,000 shares.

3.06% of Tabula Rasa HealthCare's shares are currently sold short. Here is how the short interest of companies compare to Tabula Rasa HealthCare: Forian Inc. (0.91%), B. Riley Financial, Inc. (73.70%), Radware Ltd. (1.66%), i3 Verticals, Inc. (2.48%), Conduent Incorporated (1.14%), QuinStreet, Inc. (3.99%), MiMedx Group, Inc. (3.42%), Innoviva, Inc. (18.32%), Collegium Pharmaceutical, Inc. (21.80%), Immatics (11.80%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling TRHC is an investing strategy that aims to generate trading profit from Tabula Rasa HealthCare 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 Tabula Rasa HealthCare 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 TRHC, 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 TRHC, twice per month. The most recent reporting period available is October, 15 2023.