Plains All American Pipeline (PAA) Short Interest Ratio & Short Volume

Short interest is the volume of Plains All American Pipeline shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 16,660,000 shares of PAA short. 3.59% of Plains All American Pipeline's shares are currently sold short. Learn More on Plains All American Pipeline'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. PAA shares currently have a short interest ratio of 2.0. Learn More on Plains All American Pipeline's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Plains All American Pipeline: Susquehanna International Group LLP, Jane Street Group LLC, HAP Trading LLC, Group One Trading L.P., PEAK6 Investments LLC, Clear Street Markets LLC, Cutler Group LLC CA, and Parallax Volatility Advisers L.P.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 3.59% of Plains All American Pipeline's floating shares are currently sold short.

Plains All American Pipeline saw a increase in short interest in November. As of November 30th, there was short interest totaling 16,660,000 shares, an increase of 12.6% from the previous total of 14,800,000 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.

Plains All American Pipeline currently has issued a total of 698,390,000 shares. Some of Plains All American Pipeline'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. Plains All American Pipeline currently has a public float of 464,010,000 shares.

3.59% of Plains All American Pipeline's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Plains All American Pipeline: HF Sinclair Co. (5.33%), Magellan Midstream Partners, L.P. (3.82%), Plains GP Holdings, L.P. (2.29%), Mplx Lp (3.64%), Western Midstream Partners, LP (3.59%), Ovintiv Inc. (3.19%), DCP Midstream, LP (4.14%), Texas Pacific Land Co. (3.83%), APA Co. (3.59%), Chesapeake Energy Co. (7.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.79 billion), Aon plc ($4.20 billion), Analog Devices, Inc. ($3.66 billion), Moderna, Inc. ($3.51 billion), Uber Technologies, Inc. ($3.24 billion), Snap Inc. ($3.07 billion), The Clorox Company ($2.65 billion), The Kroger Co. ($2.24 billion), International Flavors & Fragrances Inc. ($2.08 billion), and Expedia Group, Inc. ($1.86 billion). View all of the most shorted stocks.

Short selling PAA is an investing strategy that aims to generate trading profit from Plains All American Pipeline as its price is falling. PAA shares are trading up $0.11 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 Plains All American Pipeline 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 PAA, 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 PAA, twice per month. The most recent reporting period available is November, 30 2020.