Premier Financial (PFC) Short Interest Ratio & Short Volume

Short interest is the volume of Premier Financial shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 652,400 shares of PFC short. 1.87% of Premier Financial's shares are currently sold short. Learn More on Premier Financial'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. PFC shares currently have a short interest ratio of 4.0. Learn More on Premier Financial's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Premier Financial: Citadel Advisors LLC, and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 1.87% of Premier Financial's floating shares are currently sold short.

Premier Financial saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 652,400 shares, an increase of 43.0% from the previous total of 456,100 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.

Premier Financial currently has issued a total of 35,730,000 shares. Some of Premier Financial'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. Premier Financial currently has a public float of 34,980,000 shares.

1.87% of Premier Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to Premier Financial: Old Second Bancorp, Inc. (0.97%), Community Trust Bancorp, Inc. (0.84%), Coastal Financial Co. (3.41%), Great Southern Bancorp, Inc. (1.77%), HBT Financial, Inc. (1.06%), Eagle Bancorp, Inc. (5.81%), First Community Bankshares, Inc. (1.17%), First Mid Bancshares, Inc. (0.89%), Amalgamated Financial Corp. (3.64%), Heritage Commerce Corp (1.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Co. ($3.27 billion), Tractor Supply ($2.29 billion), Celsius Holdings, Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling PFC is an investing strategy that aims to generate trading profit from Premier Financial as its price is falling. PFC shares are trading up $0.08 today. 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 Premier Financial 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 PFC, 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 PFC, twice per month. The most recent reporting period available is September, 15 2023.