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

60 Degrees Pharmaceuticals logo
$0.87 -0.05 (-5.41%)
(As of 11/21/2024 ET)

60 Degrees Pharmaceuticals Short Interest Data

60 Degrees Pharmaceuticals (SXTP) has a short interest of 37,300 shares, representing 2.27% of the float (the number of shares available for trading by the public). This marks a 126.06% increase in short interest from the previous month. The short interest ratio (days to cover) is 0.1, indicating that it would take 0.1 days of the average trading volume of 242,306 shares to cover all short positions.

Current Short Interest
37,300 shares
Previous Short Interest
16,500 shares
Change Vs. Previous Month
+126.06%
Dollar Volume Sold Short
$28,758.30
Short Interest Ratio
0.1 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
2,300,000 shares
Float Size
1,640,000 shares
Short Percent of Float
2.27%
Today's Trading Volume
34,729 shares
Average Trading Volume
242,306 shares
Today's Volume Vs. Average
14%
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SXTP Short Interest Over Time

SXTP Days to Cover Over Time

SXTP Percentage of Float Shorted Over Time

60 Degrees Pharmaceuticals Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/202437,300 shares $28,758.30 +126.1%2.3%0.1 $0.77
10/15/202416,500 shares $15,675.00 -47.3%1.0%0 $0.95
9/30/202431,300 shares $39,125.00 -42.4%1.9%0 $1.25
9/15/202454,300 shares $74,955.72 -24.6%3.4%0.1 $1.38
8/31/202472,000 shares $96,480.00 -31.3%4.7%0.1 $1.34
8/15/2024104,800 shares $172,920.00 -78.2%6.9%0.1 $1.65
7/31/2024479,900 shares $70,785.25 -34.5%3.1%0.1 $0.15
7/15/2024732,200 shares $168,113.12 +166.4%7.9%0.2 $0.23
6/30/2024274,900 shares $69,522.21 -15.0%3.0%0.4 $0.25
6/15/2024323,400 shares $88,320.54 +40.4%3.5%0.7 $0.27
5/31/2024230,400 shares $67,276.80 +159.2%2.5%0.5 $0.29
5/15/202488,900 shares $18,944.59 -22.4%1.0%0.3 $0.21
4/30/2024114,500 shares $26,312.10 -12.4%1.3%0.5 $0.23
4/15/2024130,700 shares $33,982.00 +95.1%1.5%0.4 $0.26
3/31/202467,000 shares $17,487.00 +2.3%0.8%0.2 $0.26
3/15/202465,500 shares $15,556.25 -56.9%1.5%0.1 $0.24
2/29/2024152,000 shares $41,085.60 -40.5%4.6%0.2 $0.27
2/15/2024255,300 shares $81,593.88 -50.5%7.8%0.3 $0.32
1/31/2024515,700 shares $144,602.28 No Change15.7%0.7 $0.28

SXTP Short Interest - Frequently Asked Questions

What is 60 Degrees Pharmaceuticals' current short interest?

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 October 31st, traders have sold 37,300 shares of SXTP short. 2.27% of 60 Degrees Pharmaceuticals' shares are currently sold short. Learn More on 60 Degrees Pharmaceuticals' current short interest.

What is a good short interest percentage for 60 Degrees Pharmaceuticals?

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. 2.27% of 60 Degrees Pharmaceuticals' floating shares are currently sold short.

Is 60 Degrees Pharmaceuticals' short interest increasing or decreasing?

60 Degrees Pharmaceuticals saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 37,300 shares, an increase of 126.1% from the previous total of 16,500 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 60 Degrees Pharmaceuticals' float size?

60 Degrees Pharmaceuticals currently has issued a total of 2,300,000 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 1,640,000 shares.

How does 60 Degrees Pharmaceuticals' short interest compare to its competitors?

2.27% 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: Alterity Therapeutics Limited (0.04%), Galecto, Inc. (0.42%), Biora Therapeutics, Inc. (4.76%), Syros Pharmaceuticals, Inc. (6.35%), ABVC BioPharma, Inc. (1.77%), Edesa Biotech, Inc. (0.75%), Eyenovia, Inc. (3.34%), GT Biopharma, Inc. (0.90%), Evoke Pharma, Inc. (7.43%), Adial Pharmaceuticals, Inc. (1.25%),

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 60 Degrees Pharmaceuticals stock?

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 $0.05 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.

How does a short squeeze work against 60 Degrees Pharmaceuticals?

A short squeeze for 60 Degrees Pharmaceuticals 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 SXTP, which in turn drives the price of the stock up even further.

How often is 60 Degrees Pharmaceuticals' 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 SXTP, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:SXTP) was last updated on 11/22/2024 by MarketBeat.com Staff
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