Apollo Endosurgery Inc Short ratio
What is the Short ratio of Apollo Endosurgery Inc?
The Short ratio of Apollo Endosurgery Inc is 12.39
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 Apollo Endosurgery Inc
What does Apollo Endosurgery Inc do?
Apollo Endosurgery, Inc. is a medical technology company focused on less invasive therapies to treat various gastrointestinal conditions, ranging from gastrointestinal defect repairs to the interventional treatment of obesity. Apollo's device-based therapies are an alternative to invasive surgical procedures, thus lowering complication rates and reducing total healthcare costs. Apollo's products are offered in over 75 countries today and include the X-Tack™ Endoscopic HeliX Tacking System, the OverStitch™ Endoscopic Suturing System, the OverStitch Sx™ Endoscopic Suturing System, and the ORBERA® Intragastric Balloon.
Companies with short ratio similar to Apollo Endosurgery Inc
- Core & Main has Short ratio of 12.32
- Amrit has Short ratio of 12.32
- Transphorm has Short ratio of 12.33
- Angel Oak Mortgage has Short ratio of 12.34
- Touchstone Exploration has Short ratio of 12.35
- ATI Inc has Short ratio of 12.38
- Apollo Endosurgery Inc has Short ratio of 12.39
- Winpak has Short ratio of 12.40
- Doman Building Materials has Short ratio of 12.40
- Ondas has Short ratio of 12.41
- Marcus has Short ratio of 12.42
- Establishment Labs Inc has Short ratio of 12.44
- Big 5 Sporting Goods Corp has Short ratio of 12.45