Pacific Mercantile Bancorp (PMBC) Short Interest Ratio & Short Volume

Short interest is the volume of Pacific Mercantile Bancorp shares that have been sold short but have not yet been covered or closed out. As of September 30th, investors have sold 32,600 shares of PMBC short. 0.17% of Pacific Mercantile Bancorp's shares are currently sold short. Learn More on Pacific Mercantile Bancorp'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. PMBC shares currently have a short interest ratio of 1.0. Learn More on Pacific Mercantile Bancorp'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. 0.17% of Pacific Mercantile Bancorp's floating shares are currently sold short.

Pacific Mercantile Bancorp saw a decline in short interest in September. As of September 30th, there was short interest totaling 32,600 shares, a decline of 27.1% from the previous total of 44,700 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.

Pacific Mercantile Bancorp currently has issued a total of 22,424,000 shares. Some of Pacific Mercantile Bancorp'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. Pacific Mercantile Bancorp currently has a public float of 19,220,000 shares.

0.17% of Pacific Mercantile Bancorp's shares are currently sold short. Here is how the short interest of companies in the industry of "regional banks" compare to Pacific Mercantile Bancorp: Heritage Financial Corporation (2.73%), CPB Inc. (2.22%), Mercantile Bank Corporation (0.94%), Hanmi Financial Corporation (2.27%), First Community Bancshares, Inc. (1.07%), Camden National Corporation (3.13%), Horizon Bancorp (IN) (1.35%), Great Southern Bancorp, Inc. (1.88%), Capital City Bank Group (0.64%), First Financial Corporation Indiana (1.24%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Kansas City Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Communications, Inc. ($2.87 billion), Match Group Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 billion). View all of the most shorted stocks.

Short selling PMBC is an investing strategy that aims to generate trading profit from Pacific Mercantile Bancorp 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 Pacific Mercantile Bancorp 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 PMBC, 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 PMBC, twice per month. The most recent reporting period available is September, 30 2021.