Plug Power - PLUG Short Interest Ratio & Short Volume

Short interest is the volume of Plug Power shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 72,040,000 shares of PLUG short. 14.03% of Plug Power's shares are currently sold short. Learn More on Plug Power'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. PLUG shares currently have a short interest ratio of 4.0. Learn More on Plug Power's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Plug Power: Parallax Volatility Advisers L.P., Jane Street Group LLC, BNP Paribas Arbitrage SNC, Nomura Holdings Inc., Parallax Volatility Advisers L.P., Capital Fund Management S.A., Citadel Advisors LLC, Bluefin Capital Management LLC, Point72 Asset Management L.P., Wolverine Trading LLC, Deer Park Road Corp, Centiva Capital LP, Capstone Investment Advisors LLC, Twin Tree Management LP, Wolverine Asset Management LLC, Bank of Montreal Can, UBS Group AG, Group One Trading L.P., IMC Chicago LLC, Simplex Trading LLC, Cutler Group LLC CA, and Capital CS Group 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. 14.03% of Plug Power's floating shares are currently sold short.

Plug Power saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 72,040,000 shares, an increase of 15.4% from the previous total of 62,400,000 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.

Plug Power currently has issued a total of 582,904,000 shares. Some of Plug Power'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. Plug Power currently has a public float of 513,480,000 shares.

14.03% of Plug Power's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Plug Power: A. O. Smith Co. (5.14%), Alcoa Co. (4.93%), Lincoln Electric Holdings, Inc. (3.60%), Regal Rexnord Co. (1.50%), AGCO Co. (1.70%), Tetra Tech, Inc. (1.76%), ADT Inc. (11.06%), Crown Holdings, Inc. (2.49%), Allegion plc (2.31%), and The Middleby Co. (9.16%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.81 billion), Charter Communications, Inc. ($3.04 billion), T. Rowe Price Group, Inc. ($1.98 billion), PG&E Co. ($1.92 billion), Lucid Group, Inc. ($1.90 billion), Coinbase Global, Inc. ($1.75 billion), Roblox Co. ($1.58 billion), Rivian Automotive, Inc. ($1.54 billion), Diamondback Energy, Inc. ($1.53 billion), and Old Dominion Freight Line, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling PLUG is an investing strategy that aims to generate trading profit from Plug Power as its price is falling. PLUG shares are trading up $0.25 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 Plug Power 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 PLUG, 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 PLUG, twice per month. The most recent reporting period available is October, 31 2022.