Aligos Therapeutics (ALGS) Short Interest Ratio & Short Volume

Short interest is the volume of Aligos Therapeutics shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 121,300 shares of ALGS short. 4.78% of Aligos Therapeutics' shares are currently sold short. Learn More on Aligos Therapeutics' 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. ALGS shares currently have a short interest ratio of 1.0. Learn More on Aligos Therapeutics's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 4.78% of Aligos Therapeutics' floating shares are currently sold short.

Aligos Therapeutics saw a increase in short interest in October. As of October 31st, there was short interest totaling 121,300 shares, an increase of 46.5% from the previous total of 82,800 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.

Aligos Therapeutics currently has issued a total of 3,588,000 shares. Some of Aligos Therapeutics' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Aligos Therapeutics currently has a public float of 2,540,000 shares.

4.78% of Aligos Therapeutics' shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Aligos Therapeutics: Assembly Biosciences, Inc. (0.18%), Lifecore Biomedical, Inc. (7.91%), Atyr PHARMA INC (2.03%), Fate Therapeutics, Inc. (13.96%), Benitec Biopharma Inc. (0.25%), Pyxis Oncology, Inc. (13.30%), Aurora Cannabis Inc. (5.16%), Trevi Therapeutics, Inc. (2.24%), Biomea Fusion, Inc. (30.19%), TScan Therapeutics, Inc. (5.19%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling ALGS is an investing strategy that aims to generate trading profit from Aligos Therapeutics as its price is falling. ALGS shares are trading down $0.30 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 Aligos Therapeutics 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 ALGS, 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 ALGS, twice per month. The most recent reporting period available is October, 31 2024.