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Penn National Gaming Short Interest Ratio and Short Volume

-0.89 (-1.21 %)
(As of 11/25/2020 12:00 AM ET)
Today's Range
Now: $72.38
50-Day Range
MA: $64.25
52-Week Range
Now: $72.38
Volume2.53 million shs
Average Volume9.41 million shs
Market Capitalization$11.24 billion
P/E RatioN/A
Dividend YieldN/A

Short Interest

Penn National Gaming (NASDAQ:PENN) Short Interest Data

Current Short Volume:15,330,000 shares
Previous Short Volume:16,480,000 shares
Change Vs. Previous Month:-6.98%
Dollar Volume Sold Short:$996.45 million
Short Interest Ratio / Days to Cover:2.0
Last Record Date:October, 30 2020
Outstanding Shares:117,140,000 shares
Short Percent of Float:0.00%
Today's Trading Volume:2,530,883 shares
Average Trading Volume:9,405,230 shares
Today's Volume Vs. Average:-73.09%

Penn National Gaming (NASDAQ:PENN) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
10/30/202015,330,000 $996.45 million -7.0%0.0%1.9$65.00
10/15/202016,480,000 $951.72 million -2.0%0.0%1.8$57.75
9/30/202016,820,000 $1.14 billion 20.4%0.0%1.7$67.93
9/15/202013,970,000 $975.80 million -5.5%0.0%1.4$69.85
8/31/202014,780,000 $911.33 million -7.7%0.0%1.5$61.66
8/14/202016,020,000 $928.04 million -6.2%0.0%1.4$57.93
7/31/202017,080,000 $911.05 million -7.4%0.0%1.2$53.34
7/15/202018,440,000 $624.19 million -5.9%0.0%1.3$33.85
6/30/202019,600,000 $681.69 million 2.3%0.0%1.4$34.78
6/15/202019,160,000 $613.50 million -20.1%0.0%1.3$32.02
5/29/202023,980,000 $800.45 million 6.3%0.0%1.6$33.38
5/15/202022,550,000 $739.87 million 34.3%0.0%1.7$32.81
4/30/202016,790,000 $543.83 million 13.1%15.3%1.8$32.39
4/15/202014,840,000 $276.91 million 23.4%13.5%1.8$18.66
3/31/202012,030,000 $169.62 million 9.7%10.9%1.7$14.10
3/13/202010,967,900 $152.56 million 8.3%10.0%2.2$13.91
2/28/202010,130,000 $99.27 million -3.0%9.2%3.6$9.80
2/14/202010,440,000 $240.43 million 8.9%9.6%4.7$23.03
1/31/20209,590,000 $284.44 million 20.0%8.8%5.2$29.66
1/15/20207,990,000 $294.11 million 10.7%7.3%6$36.81
12/31/20197,220,000 $187.43 million -4.5%6.6%5.2$25.96

Penn National Gaming (NASDAQ:PENN) Short Interest FAQ

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What is Penn National Gaming's current short interest?

Short interest is the volume of Penn National Gaming shares that have been sold short but have not yet been closed out or covered. As of October 30th, traders have sold 15,330,000 shares of PENN short. 0.00% of Penn National Gaming's shares are currently sold short. View details.

What is a good short interest ratio for Penn National Gaming?

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. Penn National Gaming currently has a short interest ratio of 2.0.

Is Penn National Gaming's short interest increasing or decreasing?

Penn National Gaming saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 15,330,000 shares, a drop of 7.0% from the previous total of 16,480,000 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.

How does Penn National Gaming's short interest compare to its competitors?

0.00% of Penn National Gaming's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "casinos & gaming" compare to Penn National Gaming: Las Vegas Sands Corp. (3.97%), MGM Resorts International (7.98%), Caesars Entertainment, Inc. (5.40%), Wynn Resorts, Limited (11.41%), Churchill Downs Incorporated (2.30%), Advanced Drainage Systems, Inc. (2.77%), Boyd Gaming Co. (6.06%), Scientific Games Co. (6.56%), International Game Technology PLC (4.39%), and Monarch Casino & Resort, Inc. (4.90%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

What does it mean to sell short Penn National Gaming stock?

Short selling PENN is an investing strategy that aims to generate trading profit from Penn National Gaming as its price is falling. Penn National Gaming's stock is trading down $0.89 today. To short Penn National Gaming 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 Penn National Gaming 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.

How does a short squeeze work against Penn National Gaming?

A short squeeze for Penn National Gaming 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 PENN, which in turn drives the price of the stock up even further.

How often is Penn National Gaming's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PENN, twice per month. The most recent reporting period available is October, 30 2020.

This page was last updated on 11/26/2020 by MarketBeat.com Staff

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