Shuttle Pharmaceuticals (SHPH) Short Interest Ratio & Short Volume

Short interest is the volume of Shuttle Pharmaceuticals shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 702,600 shares of SHPH short. 34.78% of Shuttle Pharmaceuticals' shares are currently sold short. Learn More on Shuttle Pharmaceuticals' 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. 34.78% of Shuttle Pharmaceuticals' floating shares are currently sold short.

Shuttle Pharmaceuticals saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 702,600 shares, an increase of 1,984.9% from the previous total of 33,700 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.

Shuttle Pharmaceuticals currently has issued a total of 3,660,000 shares. Some of Shuttle Pharmaceuticals' 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. Shuttle Pharmaceuticals currently has a public float of 2,020,000 shares.

34.78% of Shuttle Pharmaceuticals' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Shuttle Pharmaceuticals: Talphera, Inc. (0.60%), Sensei Biotherapeutics, Inc. (1.18%), Aspira Women's Health Inc. (4.86%), Turnstone Biologics Corp. (2.69%), Conduit Pharmaceuticals Inc. (3.72%), Indaptus Therapeutics, Inc. (1.85%), ImmunoPrecise Antibodies Ltd. (3.05%), Kiora Pharmaceuticals, Inc. (1.76%), Mustang Bio, Inc. (1.59%), Imunon, Inc. (3.52%),

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 SHPH is an investing strategy that aims to generate trading profit from Shuttle Pharmaceuticals as its price is falling. SHPH shares are trading down $0.05 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 Shuttle Pharmaceuticals 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 SHPH, 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 SHPH, twice per month. The most recent reporting period available is October, 31 2024.