Cybin (CLXPF) Short Interest Ratio & Short Volume

Short interest is the volume of Cybin shares that have been sold short but have not yet been closed out or covered. As of July 30th, traders have sold 1,076,900 shares of CLXPF short. Learn More on Cybin's current short interest.

Cybin saw a increase in short interest in July. As of July 30th, there was short interest totaling 1,076,900 shares, an increase of 151.6% from the previous total of 428,100 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 industry of "pharmaceutical products" compare to Cybin: Viking Therapeutics, Inc. (26.61%), TG Therapeutics, Inc. (16.53%), ACADIA Pharmaceuticals Inc. (8.89%), Cytokinetics, Incorporated (13.26%), Akero Therapeutics, Inc. (10.92%), Krystal Biotech, Inc. (13.61%), ADMA Biologics Inc (5.96%), Lantheus Holdings, Inc. (12.75%), Arcellx, Inc. (16.18%), Zai Lab Limited Unsponsored ADR (4.33%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($9.46 billion), Block, Inc. ($7.91 billion), S&P Global Inc. ($7.79 billion), Analog Devices, Inc. ($7.10 billion), Moderna, Inc. ($6.65 billion), Aon plc ($5.10 billion), Charter Communications, Inc. ($5.09 billion), Wayfair Inc. ($3.82 billion), Teladoc Health, Inc. ($2.64 billion), and Nuance Communications, Inc. ($2.45 billion). View all of the most shorted stocks.

Short selling CLXPF is an investing strategy that aims to generate trading profit from Cybin as its price is falling. CLXPF shares are trading down $0.11 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 Cybin 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 CLXPF, 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 CLXPF, twice per month. The most recent reporting period available is July, 30 2021.