Timber Pharmaceuticals Short ratio
What is the Short ratio of Timber Pharmaceuticals?
The Short ratio of Timber Pharmaceuticals, Inc. is 0.88
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 NYSE compared to Timber Pharmaceuticals
What does Timber Pharmaceuticals do?
Timber Pharmaceuticals LLC, a clinical-stage biopharmaceutical dermatology company, focused on the development and commercialization of treatments for orphan dermatologic diseases. The company was founded in 2019 and is headquartered in Basking Ridge, New Jersey.
Companies with short ratio similar to Timber Pharmaceuticals
- Eclipse Gold Mining Corp has Short ratio of 0.87
- Perihelion Capital has Short ratio of 0.87
- Envirotech Vehicles Inc has Short ratio of 0.87
- Pan Andean Minerals has Short ratio of 0.87
- Merchants Bancorp has Short ratio of 0.87
- BlackRock Enhanced Equity Dividend Trust has Short ratio of 0.87
- Timber Pharmaceuticals has Short ratio of 0.88
- Millendo Therapeutics has Short ratio of 0.89
- Martin Midstream Partners LP has Short ratio of 0.89
- Lion has Short ratio of 0.89
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- Postmedia Network Canada has Short ratio of 0.89
- New York City REIT has Short ratio of 0.89