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Modular Medical (MODD) Short Interest Ratio & Short Volume

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$2.06 -0.04 (-1.90%)
(As of 11/20/2024 ET)

Modular Medical Short Interest Data

Modular Medical (MODD) has a short interest of 648,300 shares, representing 2.23% of the float (the number of shares available for trading by the public). This marks a -4.84% decrease in short interest from the previous month. The short interest ratio (days to cover) is 1.3, indicating that it would take 1.3 days of the average trading volume of 99,876 shares to cover all short positions.

Current Short Interest
648,300 shares
Previous Short Interest
681,300 shares
Change Vs. Previous Month
-4.84%
Dollar Volume Sold Short
$1.41 million
Short Interest Ratio
1.3 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
34,570,000 shares
Float Size
29,070,000 shares
Short Percent of Float
2.23%
Today's Trading Volume
93,745 shares
Average Trading Volume
99,876 shares
Today's Volume Vs. Average
94%
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MODD Short Interest Over Time

MODD Days to Cover Over Time

MODD Percentage of Float Shorted Over Time

Modular Medical Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/2024648,300 shares $1.41 million -4.8%2.2%1.3 $2.17
10/15/2024681,300 shares $1.50 million -15.0%2.3%1.4 $2.20
9/30/2024801,900 shares $1.80 million -7.3%2.8%1.7 $2.25
9/15/2024865,300 shares $2.02 million +404.3%3.0%1.8 $2.33
8/31/2024171,600 shares $315,744.00 -11.3%0.6%0.4 $1.84
8/15/2024193,400 shares $326,846.00 -4.5%0.7%3.7 $1.69
7/31/2024202,500 shares $317,925.00 +13.0%0.7%4.1 $1.57
7/15/2024179,200 shares $299,264.00 -9.5%0.6%4.2 $1.67
6/30/2024197,900 shares $312,682.00 -8.0%0.7%3.4 $1.58
6/15/2024215,100 shares $352,764.00 +0.5%0.7%3.1 $1.64
5/31/2024214,000 shares $348,820.00 +7.3%0.8%2.6 $1.63
5/15/2024199,400 shares $354,932.00 +2.3%0.7%1.6 $1.78
4/30/2024194,900 shares $305,018.50 +2.7%0.7%1 $1.57
4/15/2024189,700 shares $297,829.00 -17.3%0.7%0.9 $1.57
3/31/2024229,500 shares $424,575.00 +12.0%0.8%1.1 $1.85
3/15/2024205,000 shares $375,150.00 -32.5%0.7%1 $1.83
2/29/2024303,500 shares $600,930.00 +42.7%1.2%1.6 $1.98
2/15/2024212,700 shares $266,938.50 +17.6%0.8%1.3 $1.26
1/31/2024180,900 shares $305,721.00 +1.3%1.0%1.9 $1.69
1/15/2024178,600 shares $296,476.00 -8.6%1.0%2 $1.66
12/31/2023195,500 shares $355,810.00 +18.9%1.1%3 $1.82
12/15/2023164,400 shares $281,124.00 +45.9%0.9%3.2 $1.71
11/30/2023112,700 shares $146,510.00 +4.0%0.6%2.2 $1.30
11/15/2023108,400 shares $122,058.40 +1.9%0.6%1.6 $1.13
10/31/2023106,400 shares $135,128.00 +0.5%0.6%0.3 $1.27
10/15/2023105,900 shares $97,428.00 -26.5%0.6%0.3 $0.92
9/30/2023144,000 shares $167,040.00 +24.6%0.8%0.4 $1.16
9/15/2023115,600 shares $152,592.00 -12.8%0.7%0.3 $1.32
8/31/2023132,600 shares $152,490.00 +88.4%0.8%0.4 $1.15

MODD Short Interest - Frequently Asked Questions

What is Modular Medical's current short interest?

Short interest is the volume of Modular Medical shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 648,300 shares of MODD short. 2.23% of Modular Medical's shares are currently sold short. Learn More on Modular Medical's current short interest.

What is a good short interest ratio for Modular Medical?

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. MODD shares currently have a short interest ratio of 1.0. Learn More on Modular Medical's short interest ratio.

What is a good short interest percentage for Modular Medical?

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. 2.23% of Modular Medical's floating shares are currently sold short.

Is Modular Medical's short interest increasing or decreasing?

Modular Medical saw a drop in short interest in October. As of October 31st, there was short interest totaling 648,300 shares, a drop of 4.8% from the previous total of 681,300 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.

What is Modular Medical's float size?

Modular Medical currently has issued a total of 34,570,000 shares. Some of Modular Medical's 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. Modular Medical currently has a public float of 29,070,000 shares.

How does Modular Medical's short interest compare to its competitors?

2.23% of Modular Medical's shares are currently sold short. Here is how the short interest of companies in the industry of "medical equipment" compare to Modular Medical: NeuroPace, Inc. (3.26%), Zynex, Inc. (28.46%), Pulmonx Co. (2.50%), The Beauty Health Company (11.00%), Profound Medical Corp. (1.38%), Sight Sciences, Inc. (3.80%), Jin Medical International Ltd. (2.88%), BrainsWay Ltd. (0.23%), Alpha Tau Medical Ltd. (0.13%), Lakeland Industries, Inc. (2.11%),

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 Modular Medical stock?

Short selling MODD is an investing strategy that aims to generate trading profit from Modular Medical as its price is falling. MODD shares are trading down $0.04 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 Modular Medical?

A short squeeze for Modular Medical 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 MODD, which in turn drives the price of the stock up even further.

How often is Modular Medical's 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 MODD, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:MODD) was last updated on 11/21/2024 by MarketBeat.com Staff
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