Evotec (EVTCY) Short Interest Ratio & Short Volume

Short interest is the volume of Evotec shares that have been sold short but have not yet been covered or closed out. As of October 29th, traders have sold 300 shares of EVTCY short. Learn More on Evotec's current short interest.

Evotec saw a increase in short interest in October. As of October 29th, there was short interest totaling 300 shares, an increase of ∞ from the previous total of 0 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 Evotec: Nuvalent, Inc. (14.61%), Axsome Therapeutics, Inc. (11.68%), Grifols, S.A. (0.88%), Zealand Pharma A/S (1.96%), Elanco Animal Health Incorporated (4.45%), Krystal Biotech, Inc. (9.80%), Vaxcyte, Inc. (10.22%), Cytokinetics, Incorporated (12.02%), Rhythm Pharmaceuticals, Inc. (8.81%), PTC Therapeutics, Inc. (7.52%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling EVTCY is an investing strategy that aims to generate trading profit from Evotec as its price is falling. EVTCY shares are trading up $0.39 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 Evotec 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 EVTCY, 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 EVTCY, twice per month. The most recent reporting period available is October, 29 2021.