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META   498.19 (-0.82%)
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AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)

Patterson-UTI Energy (PTEN) Short Interest Ratio & Short Volume

$11.63
-0.11 (-0.94%)
(As of 03/4/2024 ET)

Patterson-UTI Energy Short Interest Data

Current Short Volume
23,510,000 shares
Previous Short Volume
24,600,000 shares
Change Vs. Previous Month
-4.43%
Dollar Volume Sold Short
$276.24 million
Short Interest Ratio / Days to Cover
3.4
Last Record Date
February 15, 2024
Outstanding Shares
408,190,000 shares
Percentage of Shares Shorted
5.76%
Today's Trading Volume
8,042,979 shares
Average Trading Volume
6,917,944 shares
Today's Volume Vs. Average
116%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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PTEN Short Interest Over Time

PTEN Days to Cover Over Time

PTEN Percentage of Float Shorted Over Time


Patterson-UTI Energy Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/15/202423,510,000 shares $276.24 million -4.4%N/A3.4 $11.75
1/31/202424,600,000 shares $272.81 million -13.7%N/A3.7 $11.09
1/15/202428,490,000 shares $292.88 million +2.6%N/A4.3 $10.28
12/31/202327,780,000 shares $300.02 million +1.4%N/A4.2 $10.80
12/15/202327,410,000 shares $303.43 million +71.1%N/A4 $11.07
11/30/202316,020,000 shares $187.59 million -15.6%N/A2.4 $11.71
11/15/202318,990,000 shares $226.36 million +0.1%N/A2.7 $11.92
10/31/202318,970,000 shares $240.92 million -9.5%N/A3.2 $12.70
10/15/202320,970,000 shares $288.97 million +7.8%N/A3.7 $13.78
9/30/202319,460,000 shares $269.33 million +1.6%N/A3.7 $13.84
9/15/202319,160,000 shares $298.51 million +4.1%N/A4 $15.58
8/31/202318,400,000 shares $260.18 million +10.6%N/A3.9 $14.14
8/15/202316,630,000 shares $242.96 million +45.6%N/A4.3 $14.61
7/31/202311,420,000 shares $180.89 million -26.6%N/A2.9 $15.84
7/15/202315,560,000 shares $211.15 million -1.0%N/A3.9 $13.57
6/30/202315,710,000 shares $188.05 million -2.2%N/A4.1 $11.97
6/15/202316,060,000 shares $200.43 million -0.2%N/A4.3 $12.48
5/31/202316,090,000 shares $156.72 million +2.2%N/A4.7 $9.74
5/15/202315,740,000 shares $160.55 million +7.8%N/A4.4 $10.20
4/30/202314,600,000 shares $163.37 million -8.5%N/A3.8 $11.19
4/15/202315,950,000 shares $192.04 million +6.7%N/A4.3 $12.04
3/31/202314,950,000 shares $174.92 million -3.8%N/A4.2 $11.70
3/15/202315,540,000 shares $181.20 million +3.5%N/A4.6 $11.66
2/28/202315,010,000 shares $205.64 million -9.3%N/A4.9 $13.70
2/15/202316,540,000 shares $245.12 million +12.2%N/A5.9 $14.82
1/31/202314,740,000 shares $247.63 million +20.3%N/A5.8 $16.80
1/15/202312,250,000 shares $212.78 million +12.7%N/A4.9 $17.37
12/30/202210,870,000 shares $183.05 million +25.5%N/A4.5 $16.84
12/15/20228,660,000 shares $144.10 million -2.8%N/A3.4 $16.64
11/30/20228,910,000 shares $159.93 million +6.1%N/A3.5 $17.95
11/15/20228,400,000 shares $159.52 million -7.8%N/A3.2 $18.99
10/31/20229,110,000 shares $160.79 million +0.7%N/A3.4 $17.65
10/15/20229,050,000 shares $120.27 million -2.3%N/A3.6 $13.29
9/30/20229,260,000 shares $108.16 million -0.9%N/A3.6 $11.68
9/15/20229,340,000 shares $137.02 million +9.5%N/A3.1 $14.67
8/31/20228,530,000 shares $127.10 million -4.2%N/A2.7 $14.90
8/15/20228,900,000 shares $129.05 million -8.3%N/A2.7 $14.50
7/31/20229,700,000 shares $160.54 million +4.1%N/A2.7 $16.55
7/15/20229,320,000 shares $118.55 million -14.3%N/A2.5 $12.72
6/30/202210,870,000 shares $171.31 million +11.0%N/A2.7 $15.76













PTEN Short Interest - Frequently Asked Questions

What is Patterson-UTI Energy's current short interest?

Short interest is the volume of Patterson-UTI Energy shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 23,510,000 shares of PTEN short. Learn More on Patterson-UTI Energy's current short interest.

What is a good short interest ratio for Patterson-UTI Energy?

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. PTEN shares currently have a short interest ratio of 3.0. Learn More on Patterson-UTI Energy's short interest ratio.

Which institutional investors are shorting Patterson-UTI Energy?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Patterson-UTI Energy: GTS Securities LLC, Citadel Advisors LLC, PEAK6 Investments LLC, Concourse Financial Group Securities Inc., and Cutler Group LLC CA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Patterson-UTI Energy's short interest increasing or decreasing?

Patterson-UTI Energy saw a decline in short interest in February. As of February 15th, there was short interest totaling 23,510,000 shares, a decline of 4.4% from the previous total of 24,600,000 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.

How does Patterson-UTI Energy's short interest compare to its competitors?

Here is how the short interest of companies in the sector of "oils/energy" compare to Patterson-UTI Energy: Helmerich & Payne, Inc. (11.33%), Valaris Limited (5.27%), Transocean Ltd. (15.76%), Sasol Limited (0.47%), SM Energy (7.30%), Equitrans Midstream Co. (2.08%), Magnolia Oil & Gas Co. (16.15%), Clearway Energy, Inc. (3.17%), Crescent Point Energy Corp. (1.96%), EnLink Midstream, LLC (4.85%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

What does it mean to sell short Patterson-UTI Energy stock?

Short selling PTEN is an investing strategy that aims to generate trading profit from Patterson-UTI Energy as its price is falling. PTEN shares are trading down $0.08 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.

How does a short squeeze work against Patterson-UTI Energy?

A short squeeze for Patterson-UTI Energy 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 PTEN, which in turn drives the price of the stock up even further.

How often is Patterson-UTI Energy'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 PTEN, twice per month. The most recent reporting period available is February, 15 2024.



More Short Interest Resources from MarketBeat

This page (NASDAQ:PTEN) was last updated on 3/4/2024 by MarketBeat.com Staff