Cardax (CDXI) Short Interest Ratio & Short Volume

Short interest is the volume of Cardax shares that have been sold short but have not yet been closed out or covered. As of May 31st, investors have sold 200 shares of CDXI short. Learn More on Cardax'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. CDXI shares currently have a short interest ratio of 2.0. Learn More on Cardax's short interest ratio.

Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Cardax: Aravive, Inc. (1.81%), Context Therapeutics Inc. (0.08%), Grifols, S.A. (2.32%), IMV Inc. (1.31%), LAVA Therapeutics (1.50%), and Mainz Biomed (2.34%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.12 billion), Palo Alto Networks, Inc. ($3.85 billion), Lucid Group, Inc. ($2.66 billion), HP Inc. ($2.31 billion), Coinbase Global, Inc. ($2.14 billion), GameStop Corp. ($1.94 billion), T. Rowe Price Group, Inc. ($1.91 billion), Chesapeake Energy Co. ($1.79 billion), Rivian Automotive, Inc. ($1.62 billion), and Carnival Co. & plc ($1.59 billion). View all of the most shorted stocks.

Short selling CDXI is an investing strategy that aims to generate trading profit from Cardax 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 Cardax 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 CDXI, 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 CDXI, twice per month. The most recent reporting period available is May, 31 2022.