Arena Pharmaceuticals Inc Short % of float
What is the Short % of float of Arena Pharmaceuticals Inc?
The Short % of float of Arena Pharmaceuticals Inc is 9.62%
What is the definition of Short % of float?
Short percentage of float is the amount of shares being shorted compared to the float expressed as a percentage.
= short interest / float shares
Short percentage of float, or short interest ratio, is calculated by taking the total amount of shares shorted and dividing it by the total amount of shares available for trade. It is an indirect metric of investor sentiment. When short percentage of float is high, above 40%, it implies company investors hope shares will decline in value. The percentage is used by both fundamental and technical traders to identify trends. The short percentage of float can also be calculated for entire exchanges to determine the sentiment of the market as a whole. If it is high of around five or greater for an exchange, this can be taken as a bearish signal, and vice versa.
Short % of float of companies in the Health Care sector on NASDAQ compared to Arena Pharmaceuticals Inc
What does Arena Pharmaceuticals Inc do?
Arena Pharmaceuticals, Inc. is a biopharmaceutical company founded in 1997 and located in San Diego, California. The company has small molecule drugs in development for possible clinical utility in multiple therapeutic areas
Companies with short % of float similar to Arena Pharmaceuticals Inc
- Pineapple Inc has Short % of float of 9.59%
- Intersect ENT Inc has Short % of float of 9.59%
- Scorpio Bulkers Inc has Short % of float of 9.59%
- Veeco Instruments Inc has Short % of float of 9.59%
- Cabot Oil & Gas has Short % of float of 9.61%
- Pulmonx Corp has Short % of float of 9.61%
- Arena Pharmaceuticals Inc has Short % of float of 9.62%
- Zillow Inc has Short % of float of 9.64%
- Par Pacific Inc has Short % of float of 9.64%
- Progyny Inc has Short % of float of 9.64%
- 10x Genomics has Short % of float of 9.64%
- Fastly Inc has Short % of float of 9.65%
- Halozyme Therapeutics has Short % of float of 9.65%