Cardiol Therapeutics (CRTPF) Short Interest Ratio & Short Volume

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. CRTPF shares currently have a short interest ratio of 5.4. Learn More on Cardiol Therapeutics's short interest ratio.

Cardiol Therapeutics saw a increase in short interest in July. As of July 30th, there was short interest totaling 221,800 shares, an increase of 41.1% from the previous total of 157,200 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 "pharmaceutical products" compare to Cardiol Therapeutics: Avidity Biosciences, Inc. (6.83%),

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 Zillow Group, Inc. ($2.32 billion). View all of the most shorted stocks.

Short selling CRTPF is an investing strategy that aims to generate trading profit from Cardiol Therapeutics as its price is falling. CRTPF shares are trading down $0.01 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 Cardiol Therapeutics 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 CRTPF, 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 CRTPF, twice per month. The most recent reporting period available is July, 30 2021.