Tectonic Therapeutic (TECX) Short Interest Ratio & Short Volume

Short interest is the volume of Tectonic Therapeutic shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 570,800 shares of TECX short. 7.34% of Tectonic Therapeutic's shares are currently sold short. Learn More on Tectonic Therapeutic's current short interest.

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. TECX shares currently have a short interest ratio of 5.0. Learn More on Tectonic Therapeutic's short interest ratio.

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. 7.34% of Tectonic Therapeutic's floating shares are currently sold short.

Tectonic Therapeutic saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 570,800 shares, an increase of 11.5% from the previous total of 511,900 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.

Tectonic Therapeutic currently has issued a total of 14,750,000 shares. Some of Tectonic Therapeutic'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. Tectonic Therapeutic currently has a public float of 7,780,000 shares.

7.34% of Tectonic Therapeutic's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Tectonic Therapeutic: Protagonist Therapeutics, Inc. (6.38%), Vera Therapeutics, Inc. (14.59%), CG Oncology, Inc. (16.39%), Beam Therapeutics Inc. (11.87%), Mirum Pharmaceuticals, Inc. (13.39%), Centessa Pharmaceuticals plc (4.03%), IDEAYA Biosciences, Inc. (12.92%), Mesoblast Limited (1.57%), Agios Pharmaceuticals, Inc. (10.03%), Harmony Biosciences Holdings, Inc. (14.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling TECX is an investing strategy that aims to generate trading profit from Tectonic Therapeutic as its price is falling. TECX shares are trading down $1.12 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 Tectonic Therapeutic 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 TECX, 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 TECX, twice per month. The most recent reporting period available is December, 31 2024.