Achaogen (AKAOQ) Short Interest Ratio & Short Volume

Short interest is the volume of Achaogen shares that have been sold short but have not yet been closed out or covered. As of June 15th, investors have sold 684,600 shares of AKAOQ short. Learn More on Achaogen'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. AKAOQ shares currently have a short interest ratio of 2.0. Learn More on Achaogen's short interest ratio.

Achaogen saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 684,600 shares, a decrease of 0.7% from the previous total of 689,200 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 sector of "medical" compare to Achaogen: GRI Bio, Inc. (0.46%), Biodexa Pharmaceuticals Plc (159.69%), Nexien BioPharma, Inc. (0.04%), Panbela Therapeutics, Inc. (2.36%), Sunshine Biopharma, Inc. (29.84%), SciSparc Ltd. (4.18%), Lucy Scientific Discovery Inc. (3.32%), NeuBase Therapeutics, Inc. (0.51%), Evelo Biosciences, Inc. (2.11%), Comera Life Sciences Holdings, Inc. (2.38%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AstraZeneca PLC ($7.95 billion), Tesla, Inc. ($7.86 billion), Block, Inc. ($7.16 billion), Aon plc ($7.04 billion), Advanced Micro Devices, Inc. ($6.99 billion), Analog Devices, Inc. ($6.83 billion), S&P Global Inc. ($6.30 billion), Charter Communications, Inc. ($5.98 billion), AMC Entertainment Holdings, Inc. ($5.02 billion), and Wayfair Inc. ($4.68 billion). View all of the most shorted stocks.

Short selling AKAOQ is an investing strategy that aims to generate trading profit from Achaogen as its price is falling. AKAOQ shares are trading up $0.00 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 Achaogen 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 AKAOQ, 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 AKAOQ, twice per month. The most recent reporting period available is June, 15 2021.