Corcept Therapeutics (CORT) Short Interest Ratio & Short Volume

Short interest is the volume of Corcept Therapeutics shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 18,800,000 shares of CORT short. 20.84% of Corcept Therapeutics' shares are currently sold short. Learn More on Corcept 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. CORT shares currently have a short interest ratio of 21.0. Learn More on Corcept Therapeutics's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Corcept Therapeutics: Barclays PLC, Jane Street Group LLC, Wolverine Trading LLC, Citigroup Inc., and LMR Partners LLP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 20.84% of Corcept Therapeutics' floating shares are currently sold short.

Corcept Therapeutics saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 18,800,000 shares, a drop of 9.1% from the previous total of 20,680,000 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.

Corcept Therapeutics currently has issued a total of 104,780,000 shares. Some of Corcept 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. Corcept Therapeutics currently has a public float of 90,200,000 shares.

20.84% of Corcept Therapeutics' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to Corcept Therapeutics: Axsome Therapeutics, Inc. (15.64%), Harmony Biosciences Holdings, Inc. (15.15%), Xencor, Inc. (7.16%), Taro Pharmaceutical Industries Ltd. (0.85%), OPKO Health, Inc. (30.05%), ADC Therapeutics SA (3.28%), Atea Pharmaceuticals, Inc. (3.50%), Royalty Pharma plc (3.84%), Jazz Pharmaceuticals plc (6.15%), Perrigo Company plc (3.64%),

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 CORT is an investing strategy that aims to generate trading profit from Corcept Therapeutics as its price is falling. CORT shares are trading down $2.96 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 Corcept Therapeutics 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 CORT, 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 CORT, twice per month. The most recent reporting period available is October, 31 2024.