United Cannabis (CNAB) Short Interest Ratio & Short Volume

Short interest is the volume of United Cannabis shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 107,300 shares of CNAB short. Learn More on United Cannabis' current short interest.

United Cannabis saw a increase in short interest in April. As of April 15th, there was short interest totaling 107,300 shares, an increase of 72.5% from the previous total of 62,200 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 industry of "cannabis" compare to United Cannabis: Trees Co. (0.00%), Net Savings Link, Inc. (0.00%), 22nd Century Group, Inc. (49.86%), Pervasip Corp. (0.00%), Mentor Capital, Inc. (0.01%), Innovative Industrial Properties, Inc. (6.20%), GrowGeneration Corp. (6.76%), and Grow Capital, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: AbbVie Inc. ($6.93 billion), Charter Communications, Inc. ($4.47 billion), Match Group, Inc. ($2.71 billion), The Charles Schwab Co. ($2.47 billion), Microchip Technology Incorporated ($2.38 billion), The Clorox Company ($2.03 billion), Aurora Cannabis Inc. ($1.85 billion), Wayfair Inc. ($1.84 billion), PDD Holdings Inc. ($1.84 billion), and International Flavors & Fragrances Inc. ($1.74 billion). View all of the most shorted stocks.

Short selling CNAB is an investing strategy that aims to generate trading profit from United Cannabis 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 United Cannabis 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 CNAB, 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 CNAB, twice per month. The most recent reporting period available is April, 15 2020.