Mallinckrodt (MNKKQ) Short Interest Ratio & Short Volume

Short interest is the volume of Mallinckrodt shares that have been sold short but have not yet been covered or closed out. As of June 15th, investors have sold 5,877,400 shares of MNKKQ short. Learn More on Mallinckrodt's current short interest.

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. MNKKQ shares currently have a short interest ratio of 3.0. Learn More on Mallinckrodt's short interest ratio.

Mallinckrodt saw a increase in short interest in June. As of June 15th, there was short interest totaling 5,877,400 shares, an increase of 5.0% from the previous total of 5,598,700 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 preparations" compare to Mallinckrodt: PainReform Ltd. (1.21%), GRI Bio, Inc. (1.81%), 180 Life Sciences Corp. (8.36%), Aoxing Pharmaceutical Company, Inc. (0.00%), NeuBase Therapeutics, Inc. (4.92%), Comera Life Sciences Holdings, Inc. (2.38%), Panbela Therapeutics, Inc. (2.36%), Galmed Pharmaceuticals Ltd. (1.10%), InMed Pharmaceuticals Inc. (0.17%), Nexien BioPharma, Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.58 billion), Occidental Petroleum Co. ($3.23 billion), Lucid Group, Inc. ($2.31 billion), Coinbase Global, Inc. ($1.73 billion), Snowflake Inc. ($1.71 billion), Chesapeake Energy Co. ($1.66 billion), Rivian Automotive, Inc. ($1.63 billion), Williams-Sonoma, Inc. ($1.51 billion), Lumen Technologies, Inc. ($1.40 billion), and Diamondback Energy, Inc. ($1.37 billion). View all of the most shorted stocks.

Short selling MNKKQ is an investing strategy that aims to generate trading profit from Mallinckrodt 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 Mallinckrodt 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 MNKKQ, 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 MNKKQ, twice per month. The most recent reporting period available is June, 15 2022.