Short Interest in Modular Medical Drops Sharply

Shares of the medical device company saw a 96.2% decline in short interest during March.

Apr. 13, 2026 at 12:20am

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An extreme close-up of the internal gears, circuits, and mechanisms of an insulin pump, rendered in high detail to convey the technical complexity and importance of medical devices in the finance industry.The intricate inner workings of Modular Medical's insulin pump technology highlight the critical role of specialized medical devices in the finance industry.San Diego Today

Modular Medical, Inc. (NASDAQ:MODD), a medical device company focused on insulin pumps, saw a significant decrease in short interest during the month of March. As of March 31st, the company's short interest totaled 60,170 shares, down 96.2% from the 1,599,394 shares reported on March 15th.

Why it matters

The sharp decline in short interest suggests that investor sentiment towards Modular Medical may be improving, potentially indicating growing confidence in the company's products and future prospects. This could be an important development for the company as it looks to commercialize its insulin pump technology.

The details

Several large institutional investors, including Bleichroeder LP, 683 Capital Management LLC, and Jane Street Group LLC, have recently increased their stakes in Modular Medical. The company's shares have seen significant volatility over the past year, trading between a 52-week low of $3.55 and a high of $34.50.

  • As of March 31st, 2026, Modular Medical had short interest totaling 60,170 shares.
  • On March 15th, 2026, 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. The company is headquartered in San Diego, California.

Bleichroeder LP

A large investor that increased its stake in Modular Medical by 41.9% in the 4th quarter of 2025.

683 Capital Management LLC

A large investor that increased its stake in Modular Medical by 79.4% in the 4th quarter of 2025.

Jane Street Group LLC

A large investor that increased its stake in Modular Medical by 446.8% in the 4th quarter of 2025.

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What’s next

Modular Medical will need to continue to execute on its product development and commercialization strategy in order to maintain investor confidence and build on the recent decline in short interest.

The takeaway

The significant drop in short interest in Modular Medical's stock suggests that investors are becoming more bullish on the company's prospects, which could be an important turning point as the medical device firm looks to commercialize its insulin pump technology.