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Perma-Pipe International Short Interest Ratio and Short Volume

0.00 (0.00 %)
(As of 11/23/2020 12:00 AM ET)
Today's Range
Now: $5.40
50-Day Range
MA: $5.59
52-Week Range
Now: $5.40
Volume22,245 shs
Average Volume9,222 shs
Market Capitalization$44.09 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

Perma-Pipe International (NASDAQ:PPIH) Short Interest Data

Current Short Volume:5,600 shares
Previous Short Volume:100 shares
Change Vs. Previous Month:+5,500.00%
Dollar Volume Sold Short:$30,128.00
Short Interest Ratio / Days to Cover:1.0
Last Record Date:October, 30 2020
Outstanding Shares:7,910,000 shares
Float Size:7,350,000 shares
Short Percent of Float:0.08%
Today's Trading Volume:22,245 shares
Average Trading Volume:9,222 shares
Today's Volume Vs. Average:141.22%

Perma-Pipe International (NASDAQ:PPIH) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
10/30/20205,600 $30,128.00 5,500.0%0.1%0.8$5.38
10/15/2020100 $543.00 -96.4%0.0%0$5.43
9/30/20202,800 $16,128.00 180.0%0.0%0.3$5.76
9/15/20201,000 $5,390.00 100.0%0.0%0.1$5.39
8/31/2020500 $2,630.00 -28.6%0.0%0.1$5.26
8/14/2020700 $3,829.00 -63.2%0.0%0.1$5.47
7/31/20201,900 $11,514.00 -52.5%0.0%0.2$6.06
7/15/20204,000 $23,640.00 -36.5%0.1%0.5$5.91
6/30/20206,300 $36,477.00 103.2%0.1%0.9$5.79
6/15/20203,100 $18,538.00 416.7%0.0%0.4$5.98
5/29/2020600 $3,450.00 -33.3%0.0%0.1$5.75
5/15/2020900 $4,905.00 -85.5%0.0%0.1$5.45
4/30/20206,200 $32,240.00 -10.1%0.1%0.7$5.20
4/15/20206,900 $37,950.00 -5.5%0.1%0.5$5.50
3/31/20207,300 $42,997.00 -33.6%0.1%0.5$5.89
3/13/202011,000 $66,000.00 14.6%0.2%1$6.00
2/28/20209,600 $64,128.00 37.1%0.1%0.6$6.68
2/14/20207,000 $62,160.00 -30.0%0.1%0.5$8.88
1/31/202010,000 $89,200.00 69.5%0.1%0.7$8.92
1/15/20205,900 $52,746.00 -9.2%0.1%0.6$8.94
12/31/20196,500 $59,995.00 0.0%0.1%0.4$9.23
8/15/20198,700 $72,993.00 89.1%0.1%0.5$8.39

Perma-Pipe International (NASDAQ:PPIH) Short Interest FAQ

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What is Perma-Pipe International's current short interest?

Short interest is the volume of Perma-Pipe International shares that have been sold short but have not yet been closed out or covered. As of October 30th, traders have sold 5,600 shares of PPIH short. 0.08% of Perma-Pipe International's shares are currently sold short. View details.

What is a good short interest ratio for Perma-Pipe International?

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. Perma-Pipe International currently has a short interest ratio of 1.0.

What is a good short interest percentage for Perma-Pipe International?

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. 0.08% of Perma-Pipe International's floating shares are currently sold short.

Is Perma-Pipe International's short interest increasing or decreasing?

Perma-Pipe International saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,600 shares, an increase of 5,500.0% from the previous total of 100 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.

What is Perma-Pipe International's float size?

Perma-Pipe International currently has issued a total of 8,165,000 shares. Some of Perma-Pipe International'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. Perma-Pipe International currently has a public float of 7,350,000 shares.

How does Perma-Pipe International's short interest compare to its competitors?

0.08% of Perma-Pipe International's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Perma-Pipe International: Quad/Graphics, Inc. (8.82%), Lakeland Industries, Inc. (14.38%), Graham Co. (0.69%), LiqTech International, Inc. (7.39%), The Eastern Company (0.79%), Sharps Compliance Corp. (5.95%), H2O Innovation Inc. (0.00%), Advanced Emissions Solutions, Inc. (5.17%), Lithium & Boron Technology, Inc. (0.00%), and Magal Security Systems Ltd. (0.09%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), Clorox Co ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

What does it mean to sell short Perma-Pipe International stock?

Short selling PPIH is an investing strategy that aims to generate trading profit from Perma-Pipe International as its price is falling. To short Perma-Pipe International 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 Perma-Pipe International 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.

How does a short squeeze work against Perma-Pipe International?

A short squeeze for Perma-Pipe International 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 PPIH, which in turn drives the price of the stock up even further.

How often is Perma-Pipe International's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PPIH, twice per month. The most recent reporting period available is October, 30 2020.

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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