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Profound Medical (PROF) Short Interest Ratio & Short Volume

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$7.35
+0.08 (+1.10%)
(As of 11/1/2024 ET)

Profound Medical Short Interest Data

Profound Medical (PROF) has a short interest of 335,400 shares. This marks a -1.53% decrease in short interest from the previous month. The short interest ratio (days to cover) is 7.1, indicating that it would take 7.1 days of the average trading volume of 39,257 shares to cover all short positions.

Current Short Interest
335,400 shares
Previous Short Interest
340,600 shares
Change Vs. Previous Month
-1.53%
Dollar Volume Sold Short
$2.54 million
Short Interest Ratio
7.1 Days to Cover
Last Record Date
October 15, 2024
Outstanding Shares
24,660,000 shares
Percentage of Shares Shorted
1.36%
Today's Trading Volume
9,743 shares
Average Trading Volume
39,257 shares
Today's Volume Vs. Average
25%
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PROF Short Interest Over Time

PROF Days to Cover Over Time

PROF Percentage of Float Shorted Over Time

Profound Medical Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/15/2024335,400 shares $2.54 million -1.5%N/A7.1 $7.58
9/30/2024340,600 shares $2.71 million +7.0%N/A6.5 $7.96
9/15/2024318,300 shares $2.46 million -10.1%N/A7.1 $7.72
8/31/2024354,200 shares $3.24 million +0.1%N/A9.9 $9.15
8/15/2024353,900 shares $3.35 million -3.3%N/A10 $9.47
7/31/2024365,800 shares $3.87 million +7.4%N/A11.1 $10.58
7/15/2024340,600 shares $3.12 million -1.7%N/A11.4 $9.15
6/30/2024346,400 shares $2.91 million +8.7%N/A14.2 $8.39
6/15/2024318,600 shares $2.63 million +5.1%N/A12.4 $8.27
5/31/2024303,200 shares $2.23 million +3.7%N/A11.2 $7.37
5/15/2024292,500 shares $2.50 million -5.7%N/A9 $8.54
4/30/2024310,200 shares $2.31 million -1.1%N/A9.3 $7.44
4/15/2024313,700 shares $2.48 million -2.9%N/A8 $7.90
3/31/2024323,200 shares $2.76 million +0.8%N/A7.6 $8.53
3/15/2024320,700 shares $2.73 million -2.3%N/A5.1 $8.52
2/29/2024328,100 shares $3.02 million -4.6%1.7%5.3 $9.20
2/15/2024343,900 shares $2.92 million -1.8%1.8%6.2 $8.49
1/31/2024350,100 shares $3.12 million +6.4%1.8%6.7 $8.92
1/15/2024329,100 shares $2.50 million -23.6%1.7%7.5 $7.60
12/31/2023430,600 shares $3.66 million +37.1%N/A10.8 $8.49
12/15/2023314,200 shares $2.99 million +3.2%N/A16.1 $9.52
11/30/2023304,600 shares $3.30 million +4.2%N/A18.8 $10.85
11/15/2023292,400 shares $2.76 million +11.2%N/A18.3 $9.44
10/31/2023262,900 shares $2.18 million +0.2%N/A17.6 $8.31
10/15/2023262,400 shares $2.44 million +5.6%N/A17.7 $9.30
9/30/2023248,400 shares $2.53 million +33.8%N/A15.2 $10.20
9/15/2023185,600 shares $1.48 million +6.8%N/A10.7 $8.00
8/31/2023173,800 shares $1.55 million -13.3%N/A8.2 $8.89
8/15/2023200,400 shares $1.94 million +2.3%N/A7.7 $9.67
7/31/2023195,900 shares $2.24 million -14.5%1.0%6.9 $11.45
7/15/2023229,000 shares $3.02 million -10.8%1.2%7.6 $13.20
6/30/2023256,600 shares $3.34 million -27.1%1.3%8.4 $13.01
6/15/2023351,900 shares $4.79 million -10.3%1.8%11.7 $13.62
5/31/2023392,300 shares $4.73 million -5.1%2.0%15 $12.05
5/15/2023413,500 shares $5.24 million -1.1%2.1%16.3 $12.67
4/30/2023418,200 shares $4.85 million -4.0%2.1%17.4 $11.60
4/15/2023435,700 shares $4.40 million -0.8%2.2%16.9 $10.10
3/31/2023439,100 shares $4.08 million -1.4%2.2%15.6 $9.29
3/15/2023445,100 shares $4.65 million -3.6%2.3%11.2 $10.45
2/28/2023461,900 shares $6.07 million +1.4%2.4%7.5 $13.15
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2/15/2023455,500 shares $5.56 million -3.4%2.3%7.1 $12.21
1/31/2023471,700 shares $5.83 million +4.8%2.4%6.9 $12.35
1/15/2023450,100 shares $5.55 million +3.0%2.3%5.9 $12.34
12/30/2022437,000 shares $4.76 million +63.6%2.3%5 $10.89
12/15/2022267,200 shares $2.36 million +0.4%1.4%3 $8.82
11/30/2022266,200 shares $1.27 million -4.3%1.4%3.2 $4.76
11/15/2022278,200 shares $1.43 million -3.1%1.4%3.7 $5.13
10/31/2022287,100 shares $1.19 million -35.0%1.5%4.1 $4.14
10/15/2022441,500 shares $1.58 million +3.6%2.3%7.3 $3.57
9/30/2022426,200 shares $1.72 million +12.0%2.3%8.9 $4.04
9/15/2022380,500 shares $1.98 million +0.2%2.0%10.4 $5.20
8/31/2022379,900 shares $2.64 million -2.3%2.0%19.8 $6.95
8/15/2022388,700 shares $2.80 million -10.6%2.1%17.6 $7.21
7/31/2022434,800 shares $3.74 million -4.7%2.3%15 $8.61
7/15/2022456,000 shares $3.42 million -4.2%2.4%15.1 $7.51
6/30/2022475,800 shares $3.47 million -17.2%2.5%14.4 $7.29
6/15/2022574,700 shares $4.52 million +4.5%3.1%15.7 $7.87
5/31/2022550,000 shares $5.10 million +9.7%2.9%12.7 $9.27
5/15/2022501,500 shares $3.49 million -1.9%2.7%9.2 $6.95
4/30/2022511,400 shares $3.73 million +3.4%2.7%9.8 $7.30
4/15/2022494,400 shares $4.15 million +7.3%2.5%8.5 $8.39
3/31/2022460,700 shares $4.15 million +1.4%2.3%7.7 $9.00
3/15/2022454,300 shares $3.80 million -35.5%2.3%6.7 $8.36
2/28/2022704,500 shares $7.53 million -29.4%3.6%10.1 $10.69
2/15/2022997,500 shares $9.71 million +21.5%5.1%14.8 $9.73
1/31/2022820,800 shares $8.13 million +11.1%4.2%12.2 $9.90
1/15/2022738,500 shares $7.41 million +15.5%3.8%9.2 $10.04
12/31/2021639,600 shares $7.18 million +2.8%3.3%8.3 $11.23
12/15/2021622,000 shares $6.61 million +5.6%3.2%7.8 $10.62
11/30/2021589,200 shares $6.45 million +11.3%3.0%7.8 $10.95
11/15/2021529,400 shares $6.38 million -14.0%2.7%7.5 $12.06
10/29/2021615,200 shares $8.31 million +19.0%3.1%9 $13.51
10/15/2021517,100 shares $7.76 million +7.5%2.7%6.8 $15.01
9/30/2021480,900 shares $7.04 million -3.9%2.5%6.6 $14.64
9/15/2021500,300 shares $6.91 million +0.3%2.6%7.2 $13.81
8/31/2021499,000 shares $7.42 million -2.0%2.6%7.6 $14.86
8/13/2021509,300 shares $7.77 million -3.2%2.6%8.1 $15.25
7/30/2021526,200 shares $7.68 million -1.0%2.7%8.1 $14.60
7/15/2021531,400 shares $8.61 million +3.4%3.0%11.2 $16.20
6/30/2021513,900 shares $8.41 million -5.8%2.9%11.2 $16.36
6/15/2021545,600 shares $10.34 million -7.2%3.0%11 $18.96
5/28/2021587,900 shares $10.39 million +7.5%3.3%10.7 $17.67
5/14/2021547,100 shares $9.20 million +24.1%3.0%8.2 $16.82
4/30/2021440,900 shares $8.04 million +2.2%2.5%6.2 $18.24
4/15/2021431,500 shares $8.62 million +1.2%2.4%5.2 $19.98
3/31/2021426,400 shares $8.22 million -4.7%2.4%5 $19.27
3/15/2021447,600 shares $10.38 million +36.8%2.5%4.9 $23.19
2/26/2021327,100 shares $7.06 million +1.3%1.8%3.6 $21.57
2/12/2021322,900 shares $8.58 million -4.0%1.8%3.4 $26.57
1/29/2021336,400 shares $9.07 million -0.8%2.0%3.6 $26.97
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1/15/2021339,100 shares $8.29 million +7.8%2.0%4 $24.45
12/31/2020314,600 shares $6.53 million +0.4%1.9%3.9 $20.77
12/15/2020313,500 shares $5.61 million +6.2%1.9%3.9 $17.90
11/30/2020295,300 shares $5.61 million +2.1%1.8%3.5 $19.00
11/15/2020289,300 shares $5.38 million -28.8%1.8%3.9 $18.61
10/30/2020406,500 shares $7.14 million +2.8%2.5%5.5 $17.56
10/15/2020395,300 shares $6.82 million +2.4%2.4%5 $17.26

PROF Short Interest - Frequently Asked Questions

What is Profound Medical's current short interest?

Short interest is the volume of Profound Medical shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 335,400 shares of PROF short. Learn More on Profound Medical's current short interest.

What is a good short interest ratio for Profound 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. PROF shares currently have a short interest ratio of 7.0. Learn More on Profound Medical's short interest ratio.

Is Profound Medical's short interest increasing or decreasing?

Profound Medical saw a drop in short interest in October. As of October 15th, there was short interest totaling 335,400 shares, a drop of 1.5% from the previous total of 340,600 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 Profound Medical's short interest compare to its competitors?

Here is how the short interest of companies in the industry of "medical equipment" compare to Profound Medical: Iradimed Corporation (0.97%), OrthoPediatrics Corp. (5.69%), AxoGen, Inc. (2.81%), SI-BONE, Inc. (4.56%), Paragon 28, Inc. (17.57%), Butterfly Network, Inc. (8.69%), ZimVie Inc. (1.62%), ClearPoint Neuro, Inc. (2.58%), Nano-X Imaging Ltd. (12.58%), Tactile Systems Technology, Inc. (5.60%),

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. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

What does it mean to sell short Profound Medical stock?

Short selling PROF is an investing strategy that aims to generate trading profit from Profound Medical as its price is falling. PROF shares are trading up $0.08 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 Profound Medical?

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

How often is Profound 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 PROF, twice per month. The most recent reporting period available is October, 15 2024.




This page (NASDAQ:PROF) was last updated on 11/2/2024 by MarketBeat.com Staff
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