60 Degrees Pharmaceuticals (SXTP) Short Interest Ratio & Short Volume

Short interest is the volume of 60 Degrees Pharmaceuticals shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 50,300 shares of SXTP short. 2.63% of 60 Degrees Pharmaceuticals' shares are currently sold short. Learn More on 60 Degrees 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. 2.63% of 60 Degrees Pharmaceuticals' floating shares are currently sold short.

60 Degrees Pharmaceuticals saw a drop in short interest during the month of November. As of November 30th, there was short interest totaling 50,300 shares, a drop of 42.2% from the previous total of 87,000 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.

60 Degrees Pharmaceuticals currently has issued a total of 2,297,000 shares. Some of 60 Degrees 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. 60 Degrees Pharmaceuticals currently has a public float of 1,910,000 shares.

2.63% of 60 Degrees Pharmaceuticals' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to 60 Degrees Pharmaceuticals: NRx Pharmaceuticals, Inc. (6.36%), Acurx Pharmaceuticals, Inc. (3.22%), Cara Therapeutics, Inc. (1.26%), TherapeuticsMD, Inc. (0.19%), HCW Biologics Inc. (0.65%), Cingulate Inc. (4.62%), Marinus Pharmaceuticals, Inc. (7.94%), Sol-Gel Technologies Ltd. (0.70%), ImmunoPrecise Antibodies Ltd. (1.30%), Imunon, Inc. (5.36%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

Short selling SXTP is an investing strategy that aims to generate trading profit from 60 Degrees Pharmaceuticals as its price is falling. SXTP shares are trading down $0.15 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 60 Degrees 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 SXTP, 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 SXTP, twice per month. The most recent reporting period available is November, 30 2024.