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Satsuma Pharmaceuticals, Inc.

STSADelisted Jun 8, 2023
Industry
Pharmaceutical Preparations
SEC CIK
0001692830

Satsuma Pharmaceuticals, Inc. was delisted on Jun 8, 2023; its insiders filed their last Form 4 on Jun 12, 2023; 31 institutions reported holding it in 13F filings for Q1 2023, worth $12.7M in total; no superinvestor held it.

Four kinds of short-selling data, each measuring something different:

  • Short interest: shares sold short and not yet bought back, as of a settlement date. FINRA publishes it twice a month, about eight business days after the settlement date.
  • Daily short volume: shares sold short each day in off-exchange trades reported to FINRA. It counts trades, not open positions, and is published the next day.
  • Fails-to-deliver: shares not delivered by the settlement date. The SEC publishes them twice a month, about two weeks late.
  • ATS (dark pool) volume: weekly volume on alternative trading systems and other off-exchange venues. FINRA publishes it two to four weeks after the week.

More in the glossary.

Short interest

Shares sold short and not yet bought back, from FINRA, on every settlement date in the last two years.

Short interest
56.6K
Shares, settlement May 31, 2023
Change
−73.5K
−56.5% vs. May 15, 2023
Days to cover
1.00
Short interest ÷ average daily volume
Average daily volume
731.8K
Shares, as reported by FINRA
Short interest by settlement date
Jun 15, 2021: 701,859 sharesJun 30, 2021: 670,692 sharesJul 15, 2021: 558,103 sharesJul 30, 2021: 467,096 sharesAug 13, 2021: 483,096 sharesAug 31, 2021: 483,803 sharesSep 15, 2021: 476,580 sharesSep 30, 2021: 496,995 sharesOct 15, 2021: 501,025 sharesOct 29, 2021: 485,505 sharesNov 15, 2021: 453,880 sharesNov 30, 2021: 373,382 sharesDec 15, 2021: 358,943 sharesDec 31, 2021: 368,776 sharesJan 14, 2022: 353,873 sharesJan 31, 2022: 435,831 sharesFeb 15, 2022: 435,613 sharesFeb 28, 2022: 474,667 sharesMar 15, 2022: 671,410 sharesMar 31, 2022: 562,142 sharesApr 14, 2022: 535,587 sharesApr 29, 2022: 529,038 sharesMay 13, 2022: 381,185 sharesMay 31, 2022: 341,872 sharesJun 15, 2022: 355,309 sharesJun 30, 2022: 325,792 sharesJul 15, 2022: 297,851 sharesJul 29, 2022: 291,855 sharesAug 15, 2022: 289,035 sharesAug 31, 2022: 281,315 sharesSep 15, 2022: 251,781 sharesSep 30, 2022: 402,318 sharesOct 14, 2022: 462,816 sharesOct 31, 2022: 519,948 sharesNov 15, 2022: 609,136 sharesNov 30, 2022: 452,410 sharesDec 15, 2022: 347,791 sharesDec 30, 2022: 440,935 sharesJan 13, 2023: 340,270 sharesJan 31, 2023: 131,153 sharesFeb 15, 2023: 157,163 sharesFeb 28, 2023: 256,206 sharesMar 15, 2023: 267,525 sharesMar 31, 2023: 159,369 sharesApr 14, 2023: 149,866 sharesApr 28, 2023: 310,079 sharesMay 15, 2023: 130,123 sharesMay 31, 2023: 56,613 shares
Short interest in STSA by settlement date
Settlement dateShort interestChangeChange %Avg. daily volumeDays to cover
May 31, 202356.6K−73.5K−56.5%731.8K1.00
May 15, 2023130.1K−180.0K−58.0%187.8K1.00
Apr 28, 2023310.1K+160.2K+106.9%5.20M1.00
Apr 14, 2023149.9K−9.50K−6.0%132.1K1.13
Mar 31, 2023159.4K−108.2K−40.4%184.5K1.00
Mar 15, 2023267.5K+11.3K+4.4%103.1K2.59
Feb 28, 2023256.2K+99.0K+63.0%233.0K1.10
Feb 15, 2023157.2K+26.0K+19.8%126.5K1.24
Jan 31, 2023131.2K−209.1K−61.5%136.7K1.00
Jan 13, 2023340.3K−100.7K−22.8%149.0K2.28
Dec 30, 2022440.9K+93.1K+26.8%187.2K2.36
Dec 15, 2022347.8K−104.6K−23.1%315.6K1.10
Nov 30, 2022452.4K−156.7K−25.7%1.91M1.00
Nov 15, 2022609.1K+89.2K+17.2%2.16M1.00
Oct 31, 2022519.9K+57.1K+12.3%108.7K4.78
Oct 14, 2022462.8K+60.5K+15.0%144.5K3.20
Sep 30, 2022402.3K+150.5K+59.8%206.6K1.95
Sep 15, 2022251.8K−29.5K−10.5%243.3K1.03
Aug 31, 2022281.3K−7.72K−2.7%54.6K5.15
Aug 15, 2022289.0K−2.82K−1.0%54.8K5.28
Jul 29, 2022291.9K−6.00K−2.0%15.6K18.73
Jul 15, 2022297.9K−27.9K−8.6%47.5K6.27
Jun 30, 2022325.8K−29.5K−8.3%51.0K6.39
Jun 15, 2022355.3K+13.4K+3.9%128.0K2.78
May 31, 2022341.9K−39.3K−10.3%29.1K11.75
May 13, 2022381.2K−147.9K−28.0%46.1K8.27
Apr 29, 2022529.0K−6.55K−1.2%32.5K16.29
Apr 14, 2022535.6K−26.6K−4.7%83.7K6.40
Mar 31, 2022562.1K−109.3K−16.3%93.4K6.02
Mar 15, 2022671.4K+196.7K+41.5%65.0K10.33
Feb 28, 2022474.7K+39.1K+9.0%75.8K6.26
Feb 15, 2022435.6K−218−0.1%93.3K4.67
Jan 31, 2022435.8K+82.0K+23.2%61.0K7.15
Jan 14, 2022353.9K−14.9K−4.0%36.4K9.73
Dec 31, 2021368.8K+9.83K+2.7%49.0K7.52
Dec 15, 2021358.9K−14.4K−3.9%35.9K10.01
Nov 30, 2021373.4K−80.5K−17.7%47.0K7.95
Nov 15, 2021453.9K−31.6K−6.5%78.7K5.77
Oct 29, 2021485.5K−15.5K−3.1%157.0K3.09
Oct 15, 2021501.0K+4.03K+0.8%117.9K4.25
Sep 30, 2021497.0K+20.4K+4.3%72.4K6.86
Sep 15, 2021476.6K−7.22K−1.5%52.2K9.13
Aug 31, 2021483.8K+707+0.2%87.6K5.53
Aug 13, 2021483.1K+16.0K+3.4%107.2K4.51
Jul 30, 2021467.1K−91.0K−16.3%86.2K5.42
Jul 15, 2021558.1K−112.6K−16.8%223.3K2.50
Jun 30, 2021670.7K−31.2K−4.4%1.25M1.00
Jun 15, 2021Revised701.9K+8.18K+1.2%129.1K5.44

Fails-to-deliver

Shares that weren't delivered by the settlement date, from the SEC, for the last 30 dates with fails. The price is the previous day's closing price published by the SEC.

The SEC has reported no fails-to-deliver for STSA.

Daily short volume

Off-exchange short-sale volume, not short interest: shares sold short each day in trades reported to FINRA, for the last 30 trading days.

The short volume ratio isn't a sentiment gauge: market makers sell short to fill buy orders and to hedge, so short sales are usually about half of off-exchange volume.

FINRA has reported no daily short volume for STSA in the last two years.

ATS (dark pool) volume

Weekly volume on alternative trading systems (ATS) and other off-exchange (OTC) venues, from FINRA, for the last 12 weeks. ATS share is ATS volume ÷ (ATS + OTC volume), not a share of all trading.

Weekly ATS and OTC volume in STSA
Week ofTierATS sharesATS tradesOther OTC sharesOther OTC tradesATS share
Jun 5, 2023T2550,6031,090407,20146357.5%
May 29, 2023T2250,131355355,64626441.3%
May 22, 2023T2248,829731627,16878028.4%
May 15, 2023T2353,5251,2711,144,1171,61923.6%
May 8, 2023T2132,006413270,94734532.8%
May 1, 2023T2217,380673276,63449244.0%
Apr 24, 2023T296,901421589,00290214.1%
Apr 17, 2023T22,239,58117,8909,487,68817,37319.1%
Apr 10, 2023T29,17059342,0332852.6%
Apr 3, 2023T22,97332190,7791521.5%
Mar 27, 2023T210,669136596,9425641.8%
Mar 20, 2023T26,30985188,4815253.2%