Arcus Biosciences Short Interest Ratio and Short Volume

Short interest is the volume of Arcus Biosciences shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 5,690,000 shares of RCUS short. 13.50% of Arcus Biosciences' shares are currently sold short. View details.

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. Arcus Biosciences currently has a short interest ratio of 11.0.

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. 13.50% of Arcus Biosciences' floating shares are currently sold short.

Arcus Biosciences saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 5,690,000 shares, a decline of 6.7% from the previous total of 6,100,000 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.

Arcus Biosciences currently has issued a total of 70,996,000 shares. Some of Arcus Biosciences' 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. Arcus Biosciences currently has a public float of 42,150,000 shares.

13.50% of Arcus Biosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Arcus Biosciences: Mirati Therapeutics, Inc. (0.00%), BridgeBio Pharma, Inc. (10.25%), Ascendis Pharma A/S (0.00%), Ultragenyx Pharmaceutical Inc. (0.00%), Arrowhead Pharmaceuticals, Inc. (0.00%), GW Pharmaceuticals plc (0.00%), Evotec SE (0.00%), Perrigo Company plc (4.21%), Sarepta Therapeutics, Inc. (0.00%), and Blueprint Medicines Co. (0.00%).

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.

Short selling RCUS is an investing strategy that aims to generate trading profit from Arcus Biosciences as its price is falling. Arcus Biosciences' stock is trading up $0.42 today. To short Arcus Biosciences 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 Arcus Biosciences 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 Arcus Biosciences 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 RCUS, 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 RCUS, twice per month. The most recent reporting period available is April, 15 2021.