Tevogen Bio (TVGN) Short Interest Ratio & Short Volume

Short interest is the volume of Tevogen Bio shares that have been sold short but have not yet been covered or closed out. As of August 31st, investors have sold 594,900 shares of TVGN short. 3.09% of Tevogen Bio's shares are currently sold short. Learn More on Tevogen Bio'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. TVGN shares currently have a short interest ratio of 2.0. Learn More on Tevogen Bio'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. 3.09% of Tevogen Bio's floating shares are currently sold short.

Tevogen Bio saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 594,900 shares, a decline of 8.3% from the previous total of 648,700 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.

Tevogen Bio currently has issued a total of 166,114,000 shares. Some of Tevogen Bio'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. Tevogen Bio currently has a public float of 19,260,000 shares.

3.09% of Tevogen Bio's shares are currently sold short. Here is how the short interest of companies in the industry of "biological products, except diagnostic" compare to Tevogen Bio: Ocugen, Inc. (19.91%), Kyverna Therapeutics, Inc. (15.18%), Solid Biosciences Inc. (5.20%), Instil Bio, Inc. (0.85%), Poseida Therapeutics, Inc. (4.02%), enGene Holdings Inc. (0.97%), TScan Therapeutics, Inc. (3.29%), Adaptimmune Therapeutics plc (2.77%), MeiraGTx Holdings plc (2.81%), Tectonic Therapeutic (0.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.11 billion), Canadian Natural Resources Limited ($4.04 billion), Suncor Energy Inc. ($3.19 billion), Aptiv PLC ($2.56 billion), Paychex, Inc. ($2.48 billion), Cencora, Inc. ($2.28 billion), Onsemi ($2.08 billion), Moderna, Inc. ($1.98 billion), Tractor Supply ($1.93 billion), and International Paper ($1.93 billion). View all of the most shorted stocks.

Short selling TVGN is an investing strategy that aims to generate trading profit from Tevogen Bio as its price is falling. TVGN shares are trading up $0.01 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 Tevogen Bio 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 TVGN, 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 TVGN, twice per month. The most recent reporting period available is August, 31 2024.