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Conduit Pharmaceuticals (CDT) Short Interest Ratio & Short Volume

Conduit Pharmaceuticals logo
$0.09 0.00 (-1.37%)
(As of 05:20 PM ET)

Conduit Pharmaceuticals Short Interest Data

Conduit Pharmaceuticals (CDT) has a short interest of 3.57 million shares. This marks a -23.23% decrease in short interest from the previous month. The short interest ratio (days to cover) is 0.3, indicating that it would take 0.3 days of the average trading volume of 6.93 million shares to cover all short positions.

Current Short Interest
3,570,000 shares
Previous Short Interest
4,650,000 shares
Change Vs. Previous Month
-23.23%
Dollar Volume Sold Short
$324,870.00
Short Interest Ratio
0.3 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
96,000,000 shares
Percentage of Shares Shorted
3.72%
Today's Trading Volume
4,728,037 shares
Average Trading Volume
6,926,048 shares
Today's Volume Vs. Average
68%
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CDT Short Interest Over Time

CDT Days to Cover Over Time

CDT Percentage of Float Shorted Over Time

Conduit Pharmaceuticals Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/20243,570,000 shares $324,870.00 -23.2%N/A0.3 $0.09
10/15/20244,650,000 shares $477,555.00 +220.7%N/A0.2 $0.10
9/30/20241,450,000 shares $171,825.00 +35.5%N/A0.1 $0.12
9/15/20241,070,000 shares $143,594.00 -52.9%N/A0.1 $0.13
8/31/20242,270,000 shares $279,437.00 -66.7%N/A0.2 $0.12
8/15/20246,810,000 shares $1.08 million +386.4%N/A0.6 $0.16
7/31/20241,400,000 shares $324,100.00 +126.0%13.5%0.2 $0.23
7/15/2024619,400 shares $148,656.00 +747.3%6.0%0.2 $0.24
6/30/202473,100 shares $77,486.00 +28.7%0.7%0.6 $1.06
6/15/202456,800 shares $102,240.00 +72.6%0.6%1.3 $1.80
5/31/202432,900 shares $100,016.00 -3.5%0.3%1 $3.04
5/15/202434,100 shares $101,277.00 -19.8%0.3%1.1 $2.97
4/30/202442,500 shares $127,925.00 +3.9%0.4%1.4 $3.01
4/15/202440,900 shares $131,698.00 -25.8%0.4%1.2 $3.22
3/31/202455,100 shares $202,217.00 -29.2%0.5%1.4 $3.67
3/15/202477,800 shares $274,634.00 +12.8%0.8%1.8 $3.53
2/29/202469,000 shares $177,330.00 -39.1%0.7%0.7 $2.57
2/15/2024113,300 shares $345,565.00 -13.2%1.1%0.8 $3.05
1/31/2024130,500 shares $341,910.00 No Change1.3%0.9 $2.62

CDT Short Interest - Frequently Asked Questions

What is Conduit Pharmaceuticals' current short interest?

Short interest is the volume of Conduit Pharmaceuticals shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 3,570,000 shares of CDT short. Learn More on Conduit Pharmaceuticals' current short interest.

Is Conduit Pharmaceuticals' short interest increasing or decreasing?

Conduit Pharmaceuticals saw a decline in short interest in October. As of October 31st, there was short interest totaling 3,570,000 shares, a decline of 23.2% from the previous total of 4,650,000 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.

How does Conduit Pharmaceuticals' short interest compare to its competitors?

Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Conduit Pharmaceuticals: CalciMedica, Inc. (1.36%), Passage Bio, Inc. (3.21%), NextCure, Inc. (0.31%), Lexaria Bioscience Corp. (1.72%), Lumos Pharma, Inc. (1.54%), Lantern Pharma Inc. (2.06%), BioLineRx Ltd. (1.33%), Celularity Inc. (6.92%), Reviva Pharmaceuticals Holdings, Inc. (15.85%), Daré Bioscience, Inc. (0.35%),

Which stocks are the most shorted right now?

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.

What does it mean to sell short Conduit Pharmaceuticals stock?

Short selling CDT is an investing strategy that aims to generate trading profit from Conduit Pharmaceuticals as its price is falling. CDT shares are trading down $0.00 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.

How does a short squeeze work against Conduit Pharmaceuticals?

A short squeeze for Conduit 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 CDT, which in turn drives the price of the stock up even further.

How often is Conduit Pharmaceuticals' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CDT, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:CDT) was last updated on 11/14/2024 by MarketBeat.com Staff
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