Modular Medical Short Interest Plummets 96% in March

Shares of the medical device company drop as short bets unwind

Apr. 11, 2026 at 8:38pm

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An extreme close-up photograph of the intricate mechanical and electronic components inside an insulin pump, rendered in a dark, industrial color palette, conceptually representing the technical sophistication of Modular Medical's diabetes management devices.The complex inner workings of Modular Medical's innovative insulin pump technology, a symbol of the company's engineering prowess and potential to transform diabetes care.San Diego Today

Modular Medical, Inc. (NASDAQ:MODD), a medical device company focused on insulin pumps, saw a dramatic 96.2% decline in short interest during March. Short interest fell from over 1.6 million shares to just 60,170 shares by the end of the month, indicating a significant unwinding of bearish bets on the stock.

Why it matters

The sharp drop in short interest suggests that investors who had been betting against Modular Medical may be turning more bullish on the company's prospects. This could signal increased confidence in the commercial potential of Modular Medical's insulin pump products, especially its MODD1 patch pump for type 1 and type 2 diabetes.

The details

Modular Medical's short interest plummeted from 1,599,394 shares on March 15 to just 60,170 shares by March 31, a 96.2% decline. This occurred as the company's average daily trading volume was 58,616 shares, indicating the short-interest ratio fell to just 1.0 days. Overall, short interest now accounts for only around 2.5% of Modular Medical's outstanding shares.

  • As of March 31st, Modular Medical had short interest totaling 60,170 shares.
  • On March 15th, Modular Medical had short interest totaling 1,599,394 shares.

The players

Modular Medical, Inc.

A medical device company focused on the design, development, and commercialization of insulin pumps, including its MODD1 two-part patch pump for type 1 and type 2 diabetes.

Jane Street Group LLC

A large institutional investor that increased its stake in Modular Medical by 446.8% in the fourth quarter, now holding 163,952 shares.

Bleichroeder LP

An institutional investor that increased its position in Modular Medical by 41.9% in the fourth quarter, now holding 2,859,581 shares.

683 Capital Management LLC

An institutional investor that increased its stake in Modular Medical by 79.4% in the fourth quarter, now holding 1,762,103 shares.

Perritt Capital Management Inc.

An institutional investor that increased its position in Modular Medical by 34.2% in the third quarter, now holding 85,000 shares.

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What’s next

Modular Medical's stock price has declined significantly in recent months, falling from a 52-week high of $34.50 to the current level around $4.91. Investors will be watching to see if the reduction in short interest leads to a rebound in the share price as bearish bets are unwound.

The takeaway

The dramatic 96% drop in short interest for Modular Medical suggests that investors who had been betting against the company may be turning more optimistic about its insulin pump technology and commercial prospects. This could signal an inflection point for the medical device firm as it works to drive adoption of its innovative diabetes management products.