NovaBay Pharmaceuticals (NBY) Short Interest Ratio & Short Volume

Short interest is the volume of NovaBay Pharmaceuticals shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 718,800 shares of NBY short. 2.45% of NovaBay Pharmaceuticals' shares are currently sold short. Learn More on NovaBay Pharmaceuticals' current short interest.

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. 2.45% of NovaBay Pharmaceuticals' floating shares are currently sold short.

NovaBay Pharmaceuticals saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 718,800 shares, an increase of 519.1% from the previous total of 116,100 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.

NovaBay Pharmaceuticals currently has issued a total of 4,210,000 shares. Some of NovaBay Pharmaceuticals' 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. NovaBay Pharmaceuticals currently has a public float of 29,360,000 shares.

2.45% of NovaBay Pharmaceuticals' shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to NovaBay Pharmaceuticals: Aptevo Therapeutics Inc. (5.13%), QuantRx Biomedical Co. (0.01%), Better Therapeutics, Inc. (8.29%), Motus GI Holdings, Inc. (0.46%), NovAccess Global Inc. (0.19%), GelStat Corp. (0.00%), Allarity Therapeutics, Inc. (9.18%), Bioasis Technologies Inc. (0.04%), Predictive Technology Group, Inc. (0.00%), China SXT Pharmaceuticals, Inc. (4.78%),

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 NBY is an investing strategy that aims to generate trading profit from NovaBay Pharmaceuticals 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 NovaBay Pharmaceuticals 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 NBY, 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 NBY, twice per month. The most recent reporting period available is March, 31 2024.