Pattern Energy Group (PEGI) Short Interest Ratio & Short Volume

Short interest is the volume of Pattern Energy Group shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 4,360,000 shares of PEGI short. 4.51% of Pattern Energy Group's shares are currently sold short. Learn More on Pattern Energy Group's 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. PEGI shares currently have a short interest ratio of 2.0. Learn More on Pattern Energy Group'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. 4.51% of Pattern Energy Group's floating shares are currently sold short.

Pattern Energy Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,360,000 shares, an increase of 56.8% from the previous total of 2,780,000 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.

Pattern Energy Group currently has issued a total of 98,218,000 shares. Some of Pattern Energy Group's 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. Pattern Energy Group currently has a public float of 96,660,000 shares.

4.51% of Pattern Energy Group's shares are currently sold short. Here is how the short interest of companies compare to Pattern Energy Group: Pampa Energía S.A. (1.06%), Atlantica Sustainable Infrastructure plc (4.24%), TransAlta Co. (1.20%), PNM Resources, Inc. (1.85%), Excelerate Energy, Inc. (2.71%), Otter Tail Co. (6.54%), Black Hills Co. (4.36%), Ormat Technologies, Inc. (4.90%), Companhia Paranaense de Energia - COPEL (0.69%), Hawaiian Electric Industries, Inc. (16.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($7.24 billion), Charter Communications, Inc. ($4.18 billion), Microchip Technology Incorporated ($2.36 billion), McKesson Co. ($2.18 billion), Tiffany & Co. ($1.90 billion), The Charles Schwab Co. ($1.85 billion), Match Group, Inc. ($1.60 billion), Hormel Foods Co. ($1.59 billion), The Clorox Company ($1.52 billion), and eBay Inc. ($1.45 billion). View all of the most shorted stocks.

Short selling PEGI is an investing strategy that aims to generate trading profit from Pattern Energy Group 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 Pattern Energy Group occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PEGI, 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 PEGI, twice per month. The most recent reporting period available is February, 28 2020.