Priveterra Acquisition Corp. II (PMGMU) Short Interest Ratio & Short Volume

Short interest is the volume of Priveterra Acquisition Corp. II shares that have been sold short but have not yet been covered or closed out. As of January 31st, investors have sold 100 shares of PMGMU short. Learn More on Priveterra Acquisition Corp. II'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. PMGMU shares currently have a short interest ratio of 1.0. Learn More on Priveterra Acquisition Corp. II's short interest ratio.

Priveterra Acquisition Corp. II saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 100 shares, a drop of 50.0% from the previous total of 200 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 Corp. II currently has issued a total of 0 shares. Some of Priveterra Acquisition Corp. II'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 Corp. II currently has a public float of 27,590,000 shares.

Here is how the short interest of companies in the industry of "shell companies" compare to Priveterra Acquisition Corp. II: AIB Acquisition Co. (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.48 billion), General Motors ($3.85 billion), Charter Communications, Inc. ($3.38 billion), Occidental Petroleum Co. ($3.00 billion), Super Micro Computer, Inc. ($2.66 billion), Tractor Supply ($2.37 billion), Coinbase Global, Inc. ($2.25 billion), Moderna, Inc. ($2.11 billion), Royal Caribbean Cruises Ltd. ($2.06 billion), and Floor & Decor Holdings, Inc. ($1.67 billion). View all of the most shorted stocks.

Short selling PMGMU is an investing strategy that aims to generate trading profit from Priveterra Acquisition Corp. II 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 Corp. II 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 PMGMU, 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 PMGMU, twice per month. The most recent reporting period available is January, 31 2024.