Pingtan Marine Enterprise (PME) Short Interest Ratio & Short Volume

Short interest is the volume of Pingtan Marine Enterprise shares that have been sold short but have not yet been covered or closed out. As of February 28th, investors have sold 57,400 shares of PME short. 0.14% of Pingtan Marine Enterprise's shares are currently sold short. Learn More on Pingtan Marine Enterprise'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. PME shares currently have a short interest ratio of 17.0. Learn More on Pingtan Marine Enterprise'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. 0.14% of Pingtan Marine Enterprise's floating shares are currently sold short.

Pingtan Marine Enterprise saw a decrease in short interest in February. As of February 28th, there was short interest totaling 57,400 shares, a decrease of 6.4% from the previous total of 61,300 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.

Pingtan Marine Enterprise currently has issued a total of 0 shares. Some of Pingtan Marine Enterprise'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. Pingtan Marine Enterprise currently has a public float of 40,540,000 shares.

0.14% of Pingtan Marine Enterprise's shares are currently sold short. Here is how the short interest of companies compare to Pingtan Marine Enterprise: Dynagas LNG Partners LP (0.04%), Euronav NV (14.81%), FLEX LNG Ltd. (4.63%), Grindrod Shipping Holdings Ltd. (0.28%), Okeanis Eco Tankers Corp. (0.48%), C3is Inc. (2.09%), Freight Technologies, Inc. (1.80%), USD Partners LP (0.13%), AirNet Technology Inc. (1.24%), AquaBounty Technologies, Inc. (4.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling PME is an investing strategy that aims to generate trading profit from Pingtan Marine Enterprise 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 Pingtan Marine Enterprise 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 PME, 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 PME, twice per month. The most recent reporting period available is February, 28 2023.