Pyxis Tankers Short Interest Ratio and Short Volume

Short interest is the volume of Pyxis Tankers shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 297,000 shares of PXS short. 1.56% of Pyxis Tankers' shares are currently sold short. View details.

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. 1.56% of Pyxis Tankers' floating shares are currently sold short.

Pyxis Tankers saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 297,000 shares, a decline of 55.6% from the previous total of 668,200 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.

Pyxis Tankers currently has issued a total of 21,963,000 shares. Some of Pyxis Tankers' 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. Pyxis Tankers currently has a public float of 19,060,000 shares.

1.56% of Pyxis Tankers' shares are currently sold short. Here is how the short interest of companies in the industry of "deep sea foreign transportation of freight" compare to Pyxis Tankers: Atlas Corp. (7.06%), Star Bulk Carriers Corp. (0.66%), Euronav NV (1.52%), Pacific Basin Shipping Limited (0.00%), Frontline Ltd. (6.85%), Costamare Inc. (2.12%), Danaos Co. (11.02%), Scorpio Tankers Inc. (7.85%), SFL Co. Ltd. (2.14%), and DHT Holdings, Inc. (3.92%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling PXS is an investing strategy that aims to generate trading profit from Pyxis Tankers as its price is falling. Pyxis Tankers' stock is trading down $0.04 today. To short Pyxis Tankers 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 Pyxis Tankers 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 Pyxis Tankers 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 PXS, 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 PXS, twice per month. The most recent reporting period available is April, 15 2021.