🍿 What is the short interest ratio for IOVA's stock?

The short interest ratio for Iovance Biotherapeutics (IOVA) is 7.0, which indicates a relatively high level of pessimism among investors.

1. **Short Interest Ratio Calculation**: The short interest ratio is calculated by dividing the number of shares sold short by the average daily trading volume.
2. **Interpretation of Short Interest Ratio**: A ratio of 7.0 suggests that it would take approximately 7 days for a seller to cover their short position with the average daily volume of shares traded.
3. **Comparison with Industry Standards**: A ratio of 7.0 is considered moderate to high, indicating that a significant portion of the stock is being sold short. This could be due to negative sentiment surrounding the company's recent performance, legal challenges, or concerns over its financial sustainability.
4. **Recent Trends**: The short interest in IOVA has increased by 6.4% as of June 30th, reflecting growing bearish sentiment among investors.

|code|Ticker|Name|market_code|
|---|---|---|---|
|IOVA|IOVA.O|Iovance|185|