Mind Medicine (MindMed) (MNMD) Short Interest Ratio and Volume 2024 (2024)

Mind Medicine (MindMed) Short Interest Data

Current Short Volume
5,870,000 shares

Previous Short Volume
4,220,000 shares

Change Vs. Previous Month
+39.10%

Dollar Volume Sold Short
$53.83 million

Short Interest Ratio / Days to Cover
3.2

Last Record Date
March 15, 2024

Outstanding Shares
70,270,000 shares

Float Size
27,060,000 shares

Short Percent of Float
21.69%

Today's Trading Volume
3,331,346 shares

Average Trading Volume
2,043,352 shares

Today's Volume Vs. Average
163%

Short InterestDays to CoverShort Percent of Float

MNMD Short Interest Over Time

MNMD Days to Cover Over Time

MNMD Percentage of Float Shorted Over Time

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Mind Medicine (MindMed) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/15/20245,870,000 shares $53.83 million +39.1%21.7%3.2 $9.17
2/29/20244,220,000 shares $24.12 million +23.0%16.1%2.8 $5.72
2/15/20243,430,000 shares $15.71 million +7.5%13.2%4.9 $4.58
1/31/20243,190,000 shares $12.31 million -0.9%12.3%5.4 $3.86
1/15/20243,220,000 shares $12.75 million +2.6%12.4%5.7 $3.96
12/31/20233,140,000 shares $11.49 million +11.7%12.1%5.8 $3.66

Mind Medicine (MindMed) (MNMD) Short Interest Ratio and Volume 2024 (4)

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12/15/20232,810,000 shares $9.41 million +12.9%10.6%5.5 $3.35
11/30/20232,490,000 shares $8.22 million -10.1%9.4%6.3 $3.30
11/15/20232,770,000 shares $7.17 million -3.8%10.5%7.3 $2.59
10/31/20232,880,000 shares $7.37 million -8.0%11.1%7.5 $2.56
10/15/20233,130,000 shares $8.76 million -1.9%12.1%7.3 $2.80
9/30/20233,190,000 shares $9.98 million -3.6%12.3%6 $3.13
9/15/20233,310,000 shares $13.80 million +3.8%12.8%5.7 $4.17
8/31/20233,190,000 shares $13.24 million -5.1%12.4%5.4 $4.15
8/15/20233,360,000 shares $14.11 million -1.2%13.0%5.9 $4.20
7/31/20233,400,000 shares $16.76 million +13.7%13.2%6.1 $4.93
7/15/20232,990,000 shares $11.90 million -2.3%11.6%5.9 $3.98
6/30/20233,060,000 shares $10.92 million +3.4%11.9%6 $3.57
6/15/20232,960,000 shares $10.98 million +4.6%11.1%7 $3.71
5/31/20232,830,000 shares $10.02 million -0.4%10.7%7.2 $3.54
5/15/20232,840,000 shares $8.97 million No Change10.7%7.1 $3.16
10/31/20221,700,000 shares $4.98 million +70.0%0.4%1.2 $2.93
10/15/20221,000,000 shares $2.89 million -32.0%0.3%0.7 $2.89
9/30/20221,470,000 shares $5.15 million +52.5%0.4%1.2 $3.50
9/15/2022963,800 shares $7.25 million +13.8%0.2%1.1 $7.52
8/31/2022846,700 shares $9.92 million -95.0%0.2%1.1 $11.72
8/15/202216,990,000 shares $11.89 million -9.9%4.8%1.8 $0.70
7/31/202218,850,000 shares $13.10 million +2.1%5.3%6.6 $0.69
7/15/202218,460,000 shares $12.67 million -10.2%5.2%6.3 $0.69
6/30/202220,560,000 shares $13.16 million -42.1%N/A6.7 $0.64
6/15/202235,530,000 shares $27.09 million -5.1%10.1%11.3 $0.76
5/31/202237,440,000 shares $33.87 million -1.8%10.6%14.5 $0.90
5/15/202238,140,000 shares $29.75 million +18.3%10.7%14.4 $0.78
4/30/202232,230,000 shares $25.78 million +5.4%9.0%10.5 $0.80
4/15/202230,580,000 shares $29.66 million +11.3%8.7%7.4 $0.97
3/31/202227,480,000 shares $30.50 million +2.8%7.8%6.4 $1.11
3/15/202226,720,000 shares $27.52 million -0.5%7.5%5.8 $1.03
2/28/202226,850,000 shares $32.76 million +3.2%7.5%5.6 $1.22
2/15/202226,020,000 shares $34.87 million +10.8%7.3%5.2 $1.34
1/31/202223,480,000 shares $26.30 million +30.1%6.6%4.6 $1.12
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MNMD Short Interest - Frequently Asked Questions

What is Mind Medicine (MindMed)'s current short interest?

Short interest is the volume of Mind Medicine (MindMed) shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 5,870,000 shares of MNMD short. 21.69% of Mind Medicine (MindMed)'s shares are currently sold short. Learn More on Mind Medicine (MindMed)'s current short interest.

What is a good short interest ratio for Mind Medicine (MindMed)?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MNMD shares currently have a short interest ratio of 3.0. Learn More on Mind Medicine (MindMed)'s short interest ratio.

Which institutional investors are shorting Mind Medicine (MindMed)?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Mind Medicine (MindMed): GTS Securities LLC, Wolverine Trading LLC, Citadel Advisors LLC, Concourse Financial Group Securities Inc., and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Mind Medicine (MindMed)?

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. 21.69% of Mind Medicine (MindMed)'s floating shares are currently sold short.

Is Mind Medicine (MindMed)'s short interest increasing or decreasing?

Mind Medicine (MindMed) saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 5,870,000 shares, an increase of 39.1% from the previous total of 4,220,000 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.

What is Mind Medicine (MindMed)'s float size?

Mind Medicine (MindMed) currently has issued a total of 70,270,000 shares. Some of Mind Medicine (MindMed)'s 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. Mind Medicine (MindMed) currently has a public float of 27,060,000 shares.

How does Mind Medicine (MindMed)'s short interest compare to its competitors?

21.69% of Mind Medicine (MindMed)'s shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Mind Medicine (MindMed): Canopy Growth Co. (7.16%), USANA Health Sciences, Inc. (2.26%), biote Corp. (2.27%), Cronos Group Inc. (3.24%), Aurora Cannabis Inc. (24.50%), ChromaDex Co. (2.62%), Verve Therapeutics, Inc. (25.73%), Allogene Therapeutics, Inc. (26.58%), SIGA Technologies, Inc. (13.70%), Cogent Biosciences, Inc. (10.07%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Cummins Inc. ($8.93 billion), Canadian Natural Resources Limited ($7.79 billion), Super Micro Computer, Inc. ($4.31 billion), T-Mobile US, Inc. ($4.00 billion), General Motors ($3.36 billion), Occidental Petroleum Co. ($3.10 billion), Charter Communications, Inc. ($2.92 billion), Coinbase Global, Inc. ($2.74 billion), Tractor Supply ($2.72 billion), and Moderna, Inc. ($2.31 billion). View all of the most shorted stocks.

What does it mean to sell short Mind Medicine (MindMed) stock?

Short selling MNMD is an investing strategy that aims to generate trading profit from Mind Medicine (MindMed) as its price is falling. MNMD shares are trading down $0.46 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.

How does a short squeeze work against Mind Medicine (MindMed)?

A short squeeze for Mind Medicine (MindMed) occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MNMD, which in turn drives the price of the stock up even further.

How often is Mind Medicine (MindMed)'s short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MNMD, twice per month. The most recent reporting period available is March, 15 2024.



More Short Interest Resources from MarketBeat

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  • Cronos Group Short Interest
  • Aurora Cannabis Short Interest
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  • Allogene Therapeutics Short Interest
  • SIGA Technologies Short Interest
  • Cogent Biosciences Short Interest

Short Interest Tools:

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Mind Medicine (MindMed) (MNMD) Short Interest Ratio and Volume 2024 (2024)

FAQs

What is the stock market forecast for MNMD in 2024? ›

Price Prediction for years 2024 and 2025 to 2030. According to our current MNMD stock forecast, the value of Mind Medicine (MindMed) Inc. shares will drop by -16.68% and reach $ 8.47 per share by April 20, 2024.

How high will MNMD stock go? ›

Mind Medicine (MindMed) Inc. ( MNMD) Price Targets
Average Price TargetHighest Price TargetUpside to Average Price Target
$31.50$75.00225.75%

What is the short interest for MNMD? ›

MNMD Short Interest
Settlement DateShort InterestDays to Cover
02/15/20243,428,6265.166099
01/31/20243,192,9047.975162
01/12/20243,216,6954.440416
12/29/20233,137,2644.595014
19 more rows

What is the 5 year forecast for Mind Medicine? ›

Mind Medicine Inc quote is equal to 9.670 USD at 2024-04-13. Based on our forecasts, a long-term increase is expected, the "MNMD" stock price prognosis for 2029-04-06 is 15.656 USD. With a 5-year investment, the revenue is expected to be around +61.91%. Your current $100 investment may be up to $161.91 in 2029.

Is MNMD a strong buy? ›

The highest analyst price target is $75.06 ,the lowest forecast is $16.01. The average price target represents 246.52% Increase from the current price of $10.05. Mind Medicine's analyst rating consensus is a Strong Buy.

What is the stock market prediction for MMM in 2025? ›

3M stock prediction for 1 year from now: $ 131.74 (43.81%) 3M stock forecast for 2025: $ 91.04 (-0.63%) 3M stock prediction for 2030: $ 88.23 (-3.69%)

Who are the largest shareholders of MNMD? ›

Largest shareholders include Group One Trading, L.p., Simplex Trading, Llc, TD Waterhouse Canada Inc., and Huntington National Bank .

Why is MindMed so low? ›

Over the prior 12 months, MindMed's shares had lost 71% of their value, putting its stock at risk of being delisted by the Nasdaq exchange. Mr. Market slashed the company's valuation over this period in response to rising interest rates, geopolitical unrest, and a growing aversion to risk by investors in general.

Is MNMD a meme stock? ›

There have been several times when MNMD has made big upward moves over the last couple of years, with one starting in September 2020, another after it corrected from that move, and last, when it traded as a MEME stock in August 2022.

What is the projection for Mind Medicine stock? ›

Mind Medicine (MindMed) Stock Forecast

The 6 analysts with 12-month price forecasts for MNMD stock have an average target of 30.5, with a low estimate of 7.00 and a high estimate of 75. The average target predicts an increase of 217.05% from the current stock price of 9.62.

Why is MNMD stock going up? ›

MNMD have skyrocketed 154% in the past three months against the industry's decline of 4.2%. The company is progressing well with the development of its lead pipeline candidate MM120 (lysergide D-tartrate) for the treatment of generalized anxiety disorder (GAD).

Is MindMed being shorted? ›

26.84% of Mind Medicine (MindMed)'s shares are currently sold short.

What is the stock market forecast for X4 pharmaceuticals in 2025? ›

On average, Wall Street analysts predict that X4 Pharmaceuticals's share price could reach $2.00 by Mar 22, 2025.

What is predictive oncology stock forecast for 2025? ›

Predictive Oncology stock forecast for 2025: $ 33.77 (1,862.27%) Predictive Oncology stock prediction for 2030: $ 98.26M (5,708,906,941.78%)

What is medical term forecast? ›

noun,plural prog·no·ses [prog-noh-seez]. Medicine/Medical. a forecasting of the probable course and outcome of a disease, especially of the chances of recovery.

What is the future price of Mind Med stock? ›

MMED Stock 12 Month Forecast

Based on 6 Wall Street analysts offering 12 month price targets for Mind Medicine in the last 3 months. The average price target is C$47.29 with a high forecast of C$101.93 and a low forecast of C$21.74.

What is the path stock price forecast for 2025? ›

UiPath (PATH) effectively combines robotic process automation (RPA) and artificial intelligence (AI) in its products/services. Furthermore, UiPath has a notable arrangement with Amazon (AMZN). Investors should expect PATH stock to reach $30 by 2025, though there will be volatility along the way.

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