Sophiris Bio (SPHS) Short Interest Ratio & Short Volume

Short interest is the volume of Sophiris Bio shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 700 shares of SPHS short. Learn More on Sophiris Bio'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. SPHS shares currently have a short interest ratio of 4.0. Learn More on Sophiris Bio's short interest ratio.

Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Sophiris Bio: American Bio Medica Co. (0.00%), Sienna Biopharmaceuticals, Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.71 billion), Charter Communications, Inc. ($4.05 billion), Lucid Group, Inc. ($2.70 billion), Rivian Automotive, Inc. ($2.50 billion), HP Inc. ($2.40 billion), GameStop Corp. ($2.04 billion), Wayfair Inc. ($1.89 billion), Plug Power Inc. ($1.87 billion), Live Nation Entertainment, Inc. ($1.82 billion), and Teladoc Health, Inc. ($1.80 billion). View all of the most shorted stocks.

Short selling SPHS is an investing strategy that aims to generate trading profit from Sophiris Bio 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 Sophiris Bio 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 SPHS, 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 SPHS, twice per month. The most recent reporting period available is March, 31 2022.