Preferred Bank Short Interest Ratio and Short Volume

-1.47 (-2.16 %)
(As of 05/10/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume136,398 shs
Average Volume70,864 shs
Market Capitalization$1.00 billion
P/E Ratio14.60
Dividend Yield2.23%

Short Interest

Preferred Bank (NASDAQ:PFBC) Short Interest Data

Current Short Volume396,200 shares
Previous Short Volume357,200 shares
Change Vs. Previous Month+10.92%
Dollar Volume Sold Short$26.74 million
Short Interest Ratio / Days to Cover5.4
Last Record DateApril, 15 2021
Outstanding Shares15,330,000 shares
Float Size13,460,000 shares
Short Percent of Float2.94%
Today's Trading Volume136,398 shares
Average Trading Volume70,864 shares
Today's Volume Vs. Average92.48%

Short Interest Over Time

Preferred Bank (NASDAQ:PFBC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021396,200 shares $26.74 million +10.9%2.9%5.4$67.49
3/31/2021357,200 shares $23.09 million -27.8%2.7%4.8$64.63
3/15/2021494,700 shares $32.94 million +2.4%3.7%6.2$66.59
2/26/2021483,000 shares $28.25 million -4.8%3.6%5.9$58.49
2/12/2021507,200 shares $26.50 million -10.9%3.8%6.4$52.25
1/29/2021569,100 shares $28.34 million +3.6%4.2%7$49.81
1/15/2021549,300 shares $28.83 million -4.1%4.1%6.7$52.48
12/31/2020572,600 shares $28.48 million +10.9%4.3%7.2$49.74
12/15/2020516,500 shares $23.74 million +4.5%3.8%6.7$45.96
11/30/2020494,300 shares $18.94 million -26.4%3.7%7.1$38.31
11/15/2020671,300 shares $25.30 million -1.2%5.0%10.4$37.69
10/30/2020679,200 shares $23.25 million -16.8%5.1%11.5$34.23
10/15/2020816,000 shares $27.35 million -5.7%6.1%15$33.52
9/30/2020865,000 shares $27.78 million -4.0%6.4%14.6$32.12
9/15/2020900,800 shares $30.21 million +3.0%6.7%13.8$33.54
8/31/2020874,800 shares $32.72 million -1.4%6.5%13$37.40
8/14/2020887,500 shares $36.09 million -5.0%6.6%12.6$40.67
7/31/2020933,800 shares $34.78 million -8.5%6.9%11.6$37.25
7/15/20201,020,000 shares $40.13 million +7.7%7.6%12.1$39.34
6/30/2020947,200 shares $39.50 million +1.8%7.0%11$41.70
6/15/2020930,100 shares $37.50 million +9.2%6.9%10.6$40.32
5/29/2020852,100 shares $33.15 million -6.2%6.3%8.2$38.90
5/15/2020908,400 shares $28.64 million -1.9%6.8%8.4$31.53
4/30/2020926,200 shares $37.62 million +0.9%6.9%8.5$40.62
4/15/2020917,600 shares $28.65 million +2.3%6.8%7.7$31.22

Preferred Bank (NASDAQ:PFBC) Short Interest FAQ

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What is Preferred Bank's current short interest?

Short interest is the volume of Preferred Bank shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 396,200 shares of PFBC short. 2.94% of Preferred Bank's shares are currently sold short. View details.

What is a good short interest ratio for Preferred Bank?

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. Preferred Bank currently has a short interest ratio of 5.0.

What is a good short interest percentage for Preferred Bank?

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. 2.94% of Preferred Bank's floating shares are currently sold short.

Is Preferred Bank's short interest increasing or decreasing?

Preferred Bank saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 396,200 shares, an increase of 10.9% from the previous total of 357,200 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.

What is Preferred Bank's float size?

Preferred Bank currently has issued a total of 15,050,000 shares. Some of Preferred Bank'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. Preferred Bank currently has a public float of 13,460,000 shares.

How does Preferred Bank's short interest compare to its competitors?

2.94% of Preferred Bank's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "regional banks" compare to Preferred Bank: The PNC Financial Services Group, Inc. (1.38%), Truist Financial Co. (0.77%), First Republic Bank (0.00%), Fifth Third Bancorp (0.99%), SVB Financial Group (0.00%), KeyCorp (1.36%), Regions Financial Co. (1.99%), M&T Bank Co. (3.13%), Huntington Bancshares Incorporated (4.29%), and Signature Bank (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Preferred Bank stock?

Short selling PFBC is an investing strategy that aims to generate trading profit from Preferred Bank as its price is falling. Preferred Bank's stock is trading down $1.47 today. To short Preferred Bank 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 Preferred Bank 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 Preferred Bank?

A short squeeze for Preferred Bank 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 PFBC, which in turn drives the price of the stock up even further.

How often is Preferred Bank'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 PFBC, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/11/2021 by Staff
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