Akorn (AKRXQ) Short Interest Ratio & Short Volume

Short interest is the volume of Akorn shares that have been sold short but have not yet been closed out or covered. As of September 30th, investors have sold 1,027,800 shares of AKRXQ short. Learn More on Akorn's current short interest.

Akorn saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,027,800 shares, a drop of 10.8% from the previous total of 1,151,600 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 Akorn: Virpax Pharmaceuticals, Inc. (1.70%), Vivesto AB (0.00%), Minerva Surgical, Inc. (92.12%), GeoVax Labs, Inc. (0.28%), Finch Therapeutics Group, Inc. (1.96%), Mustang Bio, Inc. (1.84%), Digipath, Inc. (0.03%), Evoke Pharma, Inc. (0.54%), Revelation Biosciences, Inc. (1.13%), Appili Therapeutics Inc. (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.91 billion), Aon plc ($3.68 billion), The Clorox Company ($2.92 billion), Analog Devices, Inc. ($2.35 billion), Uber Technologies, Inc. ($2.27 billion), Moderna, Inc. ($2.14 billion), The Kroger Co. ($2.14 billion), Datadog, Inc. ($2.00 billion), Simon Property Group, Inc. ($1.85 billion), and International Flavors & Fragrances Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling AKRXQ is an investing strategy that aims to generate trading profit from Akorn 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 Akorn occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of AKRXQ, 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 AKRXQ, twice per month. The most recent reporting period available is September, 30 2020.