Acasti Pharma Inc Short ratio
What is the Short ratio of Acasti Pharma Inc?
The Short ratio of Acasti Pharma Inc is 0.34
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Health Care sector on NASDAQ compared to Acasti Pharma Inc
What does Acasti Pharma Inc do?
acasti pharma, inc., a subsiduary of neptune technologies & bioressources, is a quebec-based biopharmaceutical dedicated in advancing a proprietary portfolio based on marine phospholipids. our products can be used in prescription, medical food and over-the-counter applications, either as a stand-alone, or, as a fixed-dose combination to exisitng productrs, for the prevention and treatment of cardiometabolic disorders.
Companies with short ratio similar to Acasti Pharma Inc
- Routemaster Capital has Short ratio of 0.33
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- Goodrich Petroleum has Short ratio of 0.33
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- Acasti Pharma Inc has Short ratio of 0.34
- Ferguson Plc has Short ratio of 0.35
- iMedia Brands has Short ratio of 0.35
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- Cordy Oilfield Services has Short ratio of 0.35
- Medigus has Short ratio of 0.35
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