Nuvo Pharmaceuticals (MRVFF) Short Interest Ratio & Short Volume

Short interest is the volume of Nuvo Pharmaceuticals shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 100 shares of MRVFF short. Learn More on Nuvo Pharmaceuticals' current short interest.

Nuvo Pharmaceuticals saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 100 shares, a decline of 95.2% from the previous total of 2,100 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 preparations" compare to Nuvo Pharmaceuticals: Oncolytics Biotech Inc. (3.15%), Connect Biopharma Holdings Limited (0.15%), Kronos Bio, Inc. (1.71%), Mural Oncology plc (3.95%), Immuneering Co. (2.97%), Sernova Corp. (0.09%), Earth Science Tech, Inc. (0.00%), PepGen Inc. (10.13%), Forte Biosciences, Inc. (1.97%), Shattuck Labs, Inc. (4.14%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling MRVFF is an investing strategy that aims to generate trading profit from Nuvo Pharmaceuticals 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 Nuvo Pharmaceuticals 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 MRVFF, 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 MRVFF, twice per month. The most recent reporting period available is March, 15 2023.