Tema Oncology ETF (CANC) Short Interest Ratio & Short Volume

Short interest is the volume of Tema Oncology ETF shares that have been sold short but have not yet been covered or closed out. As of December 15th, investors have sold 6,500 shares of CANC short. Learn More on Tema Oncology ETF'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. CANC shares currently have a short interest ratio of 1.0. Learn More on Tema Oncology ETF's short interest ratio.

Tema Oncology ETF saw a increase in short interest in December. As of December 15th, there was short interest totaling 6,500 shares, an increase of 195.5% from the previous total of 2,200 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 compare to Tema Oncology ETF: Tradr 2X Short Innovation Daily ETF (18.51%), Procure Space ETF (12.36%), AOT Growth & Innovation ETF (0.04%), Global X E-Commerce ETF (0.11%), Fidelity Disruptive Medicine ETF (0.52%), Democratic Large Cap Core ETF (1.53%), Roundhill GLP-1 & Weight Loss ETF (0.46%), Spear Alpha ETF (0.27%), Global X Telemedicine & Digital Health ETF (0.25%), First Trust Dow Jones International Internet ETF (2.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.32 billion), Spotify Technology S.A. ($4.06 billion), Canadian Natural Resources Limited ($3.45 billion), Reddit, Inc. ($2.79 billion), International Paper ($2.70 billion), Cencora, Inc. ($2.27 billion), SoFi Technologies, Inc. ($2.21 billion), Lululemon Athletica Inc. ($2.13 billion), and Rivian Automotive, Inc. ($2.05 billion). View all of the most shorted stocks.

Short selling CANC is an investing strategy that aims to generate trading profit from Tema Oncology ETF as its price is falling. CANC shares are trading up $0.38 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 Tema Oncology ETF 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 CANC, 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 CANC, twice per month. The most recent reporting period available is December, 15 2024.