ProMIS Neurosciences (PMN) Short Interest Ratio & Short Volume

Short interest is the volume of ProMIS Neurosciences shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 7,600 shares of PMN short. 0.05% of ProMIS Neurosciences' shares are currently sold short. Learn More on ProMIS Neurosciences' 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. 0.05% of ProMIS Neurosciences' floating shares are currently sold short.

ProMIS Neurosciences saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,600 shares, a decrease of 67.1% from the previous total of 23,100 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.

ProMIS Neurosciences currently has issued a total of 18,960,000 shares. Some of ProMIS Neurosciences' 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. ProMIS Neurosciences currently has a public float of 14,360,000 shares.

0.05% of ProMIS Neurosciences' shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical preparations" compare to ProMIS Neurosciences: Apollomics, Inc. (0.19%), Marker Therapeutics, Inc. (0.84%), CASI Pharmaceuticals, Inc. (0.73%), BriaCell Therapeutics Corp. (4.76%), JanOne Inc. (2.00%), DURECT Co. (3.24%), Fortress Biotech, Inc. (12.69%), ImmunoPrecise Antibodies Ltd. (1.45%), Spruce Biosciences, Inc. (0.97%), Viracta Therapeutics, Inc. (2.54%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling PMN is an investing strategy that aims to generate trading profit from ProMIS Neurosciences as its price is falling. PMN shares are trading up $0.10 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 ProMIS Neurosciences 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 PMN, 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 PMN, twice per month. The most recent reporting period available is April, 30 2024.