Chugai Pharmaceutical (CHGCY) Short Interest Ratio & Short Volume

Short interest is the volume of Chugai Pharmaceutical shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 53,000 shares of CHGCY short. Learn More on Chugai Pharmaceutical's current short interest.

Chugai Pharmaceutical saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 53,000 shares, a drop of 52.3% from the previous total of 111,100 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.

Here is how the short interest of companies in the sector of "medical" compare to Chugai Pharmaceutical: Cencora, Inc. (4.73%), McKesson Co. (1.05%), Cardinal Health, Inc. (3.60%), Edwards Lifesciences Co. (1.25%), DexCom, Inc. (2.97%), Lonza Group AG (0.00%), Becton, Dickinson and Company (0.80%), Takeda Pharmaceutical Company Limited (0.19%), IQVIA Holdings Inc. (1.58%), IDEXX Laboratories, Inc. (2.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling CHGCY is an investing strategy that aims to generate trading profit from Chugai Pharmaceutical as its price is falling. CHGCY shares are trading down $0.44 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 Chugai Pharmaceutical 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 CHGCY, 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 CHGCY, twice per month. The most recent reporting period available is April, 15 2024.