Providence Service (PRSC) Short Interest Ratio & Short Volume

Short interest is the volume of Providence Service shares that have been sold short but have not yet been covered or closed out. As of December 31st, investors have sold 290,600 shares of PRSC short. Learn More on Providence Service'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. PRSC shares currently have a short interest ratio of 3.0. Learn More on Providence Service's short interest ratio.

Providence Service saw a increase in short interest in December. As of December 31st, there was short interest totaling 290,600 shares, an increase of 59.1% from the previous total of 182,700 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.

Here is how the short interest of companies compare to Providence Service: Laboratory Co. of America Holdings (3.05%), Quest Diagnostics Incorporated (3.15%), DaVita Inc. (5.19%), Chemed Co. (1.67%), CorVel Co. (3.34%), Amedisys, Inc. (7.26%), Pediatrix Medical Group, Inc. (2.22%), AMN Healthcare Services, Inc. (13.70%), Cross Country Healthcare, Inc. (10.42%), Yatra Online, Inc. (0.06%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.95 billion), Aon plc ($4.44 billion), Analog Devices, Inc. ($4.13 billion), Snap Inc. ($3.12 billion), Peloton Interactive, Inc. ($2.62 billion), Moderna, Inc. ($2.60 billion), The Clorox Company ($2.47 billion), The Kroger Co. ($2.32 billion), International Flavors & Fragrances Inc. ($2.21 billion), and Altice USA, Inc. ($1.94 billion). View all of the most shorted stocks.

Short selling PRSC is an investing strategy that aims to generate trading profit from Providence Service as its price is falling. PRSC shares are trading down $0.18 today. 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 Providence Service 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 PRSC, 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 PRSC, twice per month. The most recent reporting period available is December, 31 2020.