Bright Minds Biosciences (DRUG) Short Interest Ratio & Short Volume

Short interest is the volume of Bright Minds Biosciences shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 322,600 shares of DRUG short. 11.73% of Bright Minds Biosciences' shares are currently sold short. Learn More on Bright Minds Biosciences' current short interest.

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. 11.73% of Bright Minds Biosciences' floating shares are currently sold short.

Bright Minds Biosciences saw a decline in short interest in October. As of October 31st, there was short interest totaling 322,600 shares, a decline of 72.4% from the previous total of 1,170,000 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.

Bright Minds Biosciences currently has issued a total of 4,434,000 shares. Some of Bright Minds Biosciences' 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. Bright Minds Biosciences currently has a public float of 2,750,000 shares.

11.73% of Bright Minds Biosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Bright Minds Biosciences: Annexon, Inc. (7.35%), Arbutus Biopharma Co. (3.45%), Altimmune, Inc. (32.26%), IGM Biosciences, Inc. (16.29%), Tourmaline Bio, Inc. (10.44%), AnaptysBio, Inc. (23.75%), ABIVAX Société Anonyme (0.35%), Humacyte, Inc. (17.63%), Sana Biotechnology, Inc. (28.18%), Pharvaris (0.76%),

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 DRUG is an investing strategy that aims to generate trading profit from Bright Minds Biosciences as its price is falling. DRUG shares are trading down $3.34 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 Bright Minds Biosciences 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 DRUG, 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 DRUG, twice per month. The most recent reporting period available is October, 31 2024.