Permian Resources (CDEV) Short Interest Ratio & Short Volume

Short interest is the volume of Permian Resources shares that have been sold short but have not yet been closed out or covered. As of August 15th, investors have sold 39,250,000 shares of CDEV short. 19.10% of Permian Resources' shares are currently sold short. Learn More on Permian Resources' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CDEV shares currently have a short interest ratio of 4.0. Learn More on Permian Resources's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 19.10% of Permian Resources' floating shares are currently sold short.

Permian Resources saw a decrease in short interest in August. As of August 15th, there was short interest totaling 39,250,000 shares, a decrease of 7.5% from the previous total of 42,440,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Permian Resources currently has issued a total of 284,810,000 shares. Some of Permian Resources' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Permian Resources currently has a public float of 205,520,000 shares.

19.10% of Permian Resources' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Permian Resources: Atlas Energy Solutions Inc. (9.76%), Vital Energy, Inc. (39.76%), Crescent Energy (11.02%), Par Pacific Holdings, Inc. (5.62%), Vermilion Energy Inc. (4.96%), Talos Energy Inc. (6.30%), Comstock Resources, Inc. (37.19%), Kosmos Energy Ltd. (8.36%), Kimbell Royalty Partners, LP (1.52%), Dorchester Minerals, L.P. (1.25%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.13 billion), Charter Communications, Inc. ($3.94 billion), Coinbase Global, Inc. ($2.38 billion), Lucid Group, Inc. ($2.30 billion), T. Rowe Price Group, Inc. ($2.22 billion), Williams-Sonoma, Inc. ($2.02 billion), Plug Power Inc. ($1.94 billion), Chesapeake Energy Co. ($1.91 billion), Unity Software Inc. ($1.82 billion), and Rivian Automotive, Inc. ($1.74 billion). View all of the most shorted stocks.

Short selling CDEV is an investing strategy that aims to generate trading profit from Permian Resources as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Permian Resources occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CDEV, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CDEV, twice per month. The most recent reporting period available is August, 15 2022.