Priveterra Acquisition (PMGM) Short Interest Ratio & Short Volume

Short interest is the volume of Priveterra Acquisition shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 8,600 shares of PMGM short. 0.44% of Priveterra Acquisition's shares are currently sold short. Learn More on Priveterra Acquisition's current short interest.

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. 0.44% of Priveterra Acquisition's floating shares are currently sold short.

Priveterra Acquisition saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,600 shares, a decline of 50.9% from the previous total of 17,500 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.

Priveterra Acquisition currently has issued a total of 8,820,000 shares. Some of Priveterra Acquisition'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. Priveterra Acquisition currently has a public float of 1,970,000 shares.

0.44% of Priveterra Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Priveterra Acquisition: Codere Online Luxembourg, S.A. (2.48%), Inflection Point Acquisition Corp. II (0.56%), Cartesian Growth Co. II (0.02%), Keen Vision Acquisition Co. (0.01%), Spark I Acquisition Co. (0.03%), SK Growth Opportunities Co. (0.45%), and Hennessy Capital Investment Corp. VI (0.01%).

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling PMGM is an investing strategy that aims to generate trading profit from Priveterra Acquisition 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 Priveterra Acquisition 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 PMGM, 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 PMGM, twice per month. The most recent reporting period available is June, 30 2023.