TerrAscend (TRSSF) Short Interest Ratio & Short Volume

Short interest is the volume of TerrAscend shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 781,300 shares of TRSSF short. Learn More on TerrAscend'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. TRSSF shares currently have a short interest ratio of 2.0. Learn More on TerrAscend's short interest ratio.

TerrAscend saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 781,300 shares, a decline of 10.5% from the previous total of 872,500 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 TerrAscend: TerrAscend Corp. (0.48%), Grown Rogue International Inc. (0.00%), Verano Holdings Corp. (0.15%), Voyager Therapeutics, Inc. (6.13%), Corbus Pharmaceuticals Holdings, Inc. (4.58%), Harrow Health, Inc. (17.31%), Pulse Biosciences, Inc. (16.20%), The Beauty Health Company (13.41%), Biomea Fusion, Inc. (47.76%), Aveanna Healthcare Holdings Inc. (2.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling TRSSF is an investing strategy that aims to generate trading profit from TerrAscend as its price is falling. TRSSF shares are trading down $0.09 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 TerrAscend 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 TRSSF, 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 TRSSF, twice per month. The most recent reporting period available is June, 30 2023.