Arena Pharmaceuticals Stock Sees Short Interest Move 22.6% Lower
January 14, 2016 at 16:09 PM EST
The most recent short interest data has been released by the NASDAQ for the 12/31/2015 settlement date, which shows a 5,793,613 share decrease in total short interest for Arena Pharmaceuticals Inc (ARNA), to 19,876,278, a decrease of 22.57% since 12/15/2015. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded..