IGC Pharma (IGC) Short Interest Ratio & Short Volume

Short interest is the volume of IGC Pharma shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 938,800 shares of IGC short. Learn More on IGC Pharma'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. IGC shares currently have a short interest ratio of 1.0. Learn More on IGC Pharma's short interest ratio.

IGC Pharma saw a increase in short interest in March. As of March 31st, there was short interest totaling 938,800 shares, an increase of 10.6% from the previous total of 848,500 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.

Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to IGC Pharma: Theratechnologies Inc. (0.06%), Aprea Therapeutics, Inc. (2.35%), IntelGenx Technologies Corp. (0.04%), CASI Pharmaceuticals, Inc. (1.31%), Helix BioPharma Corp. (0.00%), Lexaria Bioscience Corp. (4.25%), JanOne Inc. (2.92%), Spruce Biosciences, Inc. (1.46%), Fortress Biotech, Inc. (14.08%), Viracta Therapeutics, Inc. (2.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling IGC is an investing strategy that aims to generate trading profit from IGC Pharma as its price is falling. IGC 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 IGC Pharma 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 IGC, 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 IGC, twice per month. The most recent reporting period available is March, 31 2024.