Nuvo Pharmaceuticals (NRIFF) 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 January 15th, investors have sold 2,000 shares of NRIFF short. Learn More on Nuvo Pharmaceuticals' current short interest.

Nuvo Pharmaceuticals saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,000 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 sector of "medical" compare to Nuvo Pharmaceuticals: Biofrontera Inc. (0.95%), Virios Therapeutics, Inc. (1.13%), ASLAN Pharmaceuticals Limited (0.73%), BetterLife Pharma Inc. (0.00%), Bionomics Limited (3.17%), NuCana plc (0.35%), Molecular Templates, Inc. (1.15%), TFF Pharmaceuticals, Inc. (3.44%), Adial Pharmaceuticals, Inc. (0.24%), Akari Therapeutics, Plc (0.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.62 billion), Analog Devices, Inc. ($4.85 billion), Aon plc ($4.66 billion), DuPont de Nemours, Inc. ($3.84 billion), International Flavors & Fragrances Inc. ($3.60 billion), Moderna, Inc. ($3.22 billion), Snap Inc. ($3.21 billion), Snowflake Inc. ($2.82 billion), The Kroger Co. ($2.52 billion), and Peloton Interactive, Inc. ($2.51 billion). View all of the most shorted stocks.

Short selling NRIFF 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 increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NRIFF, 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 NRIFF, twice per month. The most recent reporting period available is January, 15 2021.