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Pan American Silver (PAAS) Short Interest Ratio & Short Volume

Pan American Silver logo
$42.64 -1.89 (-4.24%)
As of 10:49 AM Eastern
This is a fair market value price provided by Massive. Learn more.

Pan American Silver Short Interest Overview

As of September 30, 2026, Pan American Silver (PAAS) had a short interest of 6.20 million shares sold short, representing 1.72% of the public float. This marks a -9.16% decrease in short interest since the prior report. The short interest ratio (days to cover) is 1.9, meaning it would take 1.9 days of the average trading volume of 5.79 million shares to cover all short positions.

Current Short Interest
6,204,388 shares
Previous Short Interest
6,830,208 shares
Change Vs. Previous Month
-9.16%
Dollar Volume Sold Short
$281.96 million
Short Interest Ratio
1.9 Days to Cover
Last Record Date
September 30, 2026
Outstanding Shares
413,800,000 shares
Short Percent of Float
1.72%
Today's Trading Volume
1,150,392 shares
Average Trading Volume
5,790,482 shares
Today's Volume Vs. Average
20%
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Skip Charts & View Short Interest History

PAAS Short Interest Over Time

PAAS Days to Cover Over Time

PAAS Percentage of Float Shorted Over Time

Pan American Silver Tesla Short Interest History & Recent Changes

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
9/30/20266,204,388 shares $281.96 million -9.2%1.7%1.89 $45.45
9/15/20266,830,208 shares $330.88 million -3.7%1.9%1.83 $48.44
8/31/20267,095,046 shares $368.23 million +6.7%2.0%1.21 $51.90
8/14/20266,651,150 shares $315.35 million +14.8%1.8%1.42 $47.41
7/31/20265,795,741 shares $249.67 million +26.2%1.6%1.62 $43.08
7/15/20264,593,785 shares $200.41 million +13.1%1.3%1.1 $43.63
6/30/20264,061,193 shares $181.71 million +9.7%1.1%0.84 $44.74
6/15/20263,701,998 shares $188.71 million +43.7%1.0%0.69 $50.98
5/29/20262,576,147 shares $146.85 million -27.3%0.7%0.53 $57.00
5/15/20263,542,129 shares $199.85 million -3.0%1.0%0.63 $56.42
4/30/20263,652,543 shares $191.37 million +1.3%1.0%0.79 $52.39
4/15/20263,606,568 shares $206.93 million +12.0%1.0%0.81 $57.38
3/31/20263,219,904 shares $175.76 million -34.8%0.9%0.33 $54.59
3/13/20264,935,806 shares $276.83 million -39.8%1.4%0.67 $56.09
2/27/20268,200,689 shares $563.07 million +12.8%2.3%1.05 $68.66
2/13/20267,268,570 shares $421.37 million -24.5%2.0%0.8 $57.97
1/30/20269,629,679 shares $524.56 million -1.4%2.7%0.77 $54.47
1/15/20269,768,517 shares $544.89 million -7.6%2.7%1.57 $55.78
12/31/202510,572,626 shares $547.77 million +3.8%2.9%1.75 $51.81
12/15/202510,183,894 shares $502.47 million -0.5%2.8%1.39 $49.34
11/28/202510,230,529 shares $463.57 million -16.4%2.8%1.92 $45.31
11/14/202513,120,053 shares $505.56 million -1.4%3.6%2.24 $38.53
10/31/202513,305,470 shares $468.66 million -13.5%3.6%2.15 $35.22
10/15/202515,380,000 shares $631.01 million -9.6%4.2%2.5 $41.03
9/30/202517,010,000 shares $659.48 million +15.2%N/A2.9 $38.77
9/15/202514,770,000 shares $549.74 million -10.3%N/A2.7 $37.22
8/31/202516,460,000 shares $559.38 million -10.0%4.5%3.2 $33.98
8/15/202518,290,000 shares $580.52 million +5.9%N/A3.6 $31.74
7/31/202517,270,000 shares $466.55 million +2.7%5.5%3 $27.02
7/15/202516,810,000 shares $499.17 million +1.9%N/A3 $29.70
6/30/202516,500,000 shares $468.44 million +5.4%5.2%2.9 $28.39
6/15/202515,650,000 shares $454.08 million +34.5%5.0%2.8 $29.02
5/31/202511,640,000 shares $284.02 million +18.8%3.7%2.2 $24.40
5/15/20259,800,000 shares $223.73 million +27.8%3.1%2.1 $22.83
4/30/20257,670,000 shares $193.05 million -13.2%N/A1.9 $25.17
4/15/20258,840,000 shares $242.81 million +2.9%2.8%2.3 $27.47
3/31/20258,590,000 shares $221.88 million +8.2%2.7%2.5 $25.83
3/15/20257,940,000 shares $204.57 million +43.1%2.5%2.6 $25.77
2/28/20255,550,000 shares $132.17 million -11.5%1.8%1.9 $23.82
2/15/20256,270,000 shares $153.14 million +0.2%2.0%2.1 $24.43
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1/31/20256,260,000 shares $145.08 million -19.7%N/A2 $23.18
1/15/20257,800,000 shares $165.52 million +16.1%N/A2.4 $21.22
12/31/20246,720,000 shares $135.88 million -19.1%N/A2 $20.22
12/15/20248,310,000 shares $184.57 million +11.2%N/A2.4 $22.21
11/30/20247,470,000 shares $164.12 million -29.2%N/A2 $21.97
11/15/202410,550,000 shares $226.30 million +13.1%N/A2.9 $21.45
10/31/20249,330,000 shares $218.32 million +13.8%N/A2.7 $23.40
10/15/20248,200,000 shares $182.78 million -10.1%N/A2.3 $22.29
9/30/20249,120,000 shares $190.33 million +0.6%N/A2.6 $20.87
9/15/20249,070,000 shares $192.28 million +5.0%N/A2.6 $21.20
8/31/20248,640,000 shares $174.61 million -1.7%N/A2.5 $20.21
8/15/20248,790,000 shares $176.94 million -1.8%N/A2.3 $20.13
7/31/20248,950,000 shares $205.94 million +2.5%N/A2.1 $23.01
7/15/20248,730,000 shares $202.62 million +0.5%N/A2 $23.21
6/30/20248,690,000 shares $172.76 million -22.0%N/A1.7 $19.88
6/15/202411,140,000 shares $221.57 million +11.6%N/A2.1 $19.89
5/31/20249,980,000 shares $219.66 million -19.5%N/A1.9 $22.01
5/15/202412,400,000 shares $257.80 million -13.8%N/A2.3 $20.79
4/30/202414,390,000 shares $265.35 million -14.7%N/A3 $18.44
4/15/202416,860,000 shares $321.86 million +2.2%N/A3.7 $19.09
3/31/202416,490,000 shares $248.67 million -3.2%N/A4.1 $15.08
3/15/202417,040,000 shares $246.91 million +10.5%N/A4.9 $14.49
2/29/202415,420,000 shares $191.36 million -0.2%N/A4.5 $12.41
2/15/202415,450,000 shares $199.77 million +7.1%N/A4.8 $12.93
1/31/202414,420,000 shares $194.96 million +1.6%N/A4.5 $13.52
1/15/202414,190,000 shares $219.80 million -4.9%N/A4.3 $15.49
12/31/202314,920,000 shares $243.64 million -5.9%N/A4.5 $16.33
12/15/202315,850,000 shares $246.47 million +1.0%N/A4.6 $15.55
11/30/202315,700,000 shares $245.86 million -4.5%N/A4.8 $15.66
11/15/202316,440,000 shares $231.48 million +2.8%N/A5 $14.08
10/31/202316,000,000 shares $234.08 million -18.7%N/A4.8 $14.63
10/15/202319,690,000 shares $292.99 million +4.8%N/A6 $14.88
9/30/202318,790,000 shares $272.08 million -0.5%N/A5.8 $14.48
9/15/202318,890,000 shares $315.65 million -4.9%N/A6.1 $16.71
8/31/202319,860,000 shares $328.68 million +21.9%N/A6.3 $16.55
8/15/202316,290,000 shares $251.35 million -7.9%N/A4.9 $15.43
7/31/202317,690,000 shares $298.61 million -11.8%N/A5 $16.88
7/15/202320,060,000 shares $318.75 million -2.2%N/A5.3 $15.89
6/30/202320,510,000 shares $299.65 million -3.7%N/A5.1 $14.61
6/15/202321,300,000 shares $321.84 million +21.8%N/A4.7 $15.11
5/31/202317,490,000 shares $266.20 million +30.7%N/A3.6 $15.22
5/15/202313,380,000 shares $222.38 million +16.6%N/A2.7 $16.62
4/30/202311,480,000 shares $204.46 million -13.4%N/A2.4 $17.81
4/15/202313,250,000 shares $248.17 million -66.2%N/A2.8 $18.73
3/31/202339,230,000 shares $713.99 million +7.1%N/A8.8 $18.20
3/15/202336,640,000 shares $614.82 million +0.2%17.5%9 $16.78
2/28/202336,560,000 shares $543.28 million +14.5%17.4%9.9 $14.86
2/15/202331,920,000 shares $514.87 million +8.9%15.2%8.5 $16.13
1/31/202329,310,000 shares $534.32 million +3.4%14.0%6.6 $18.23
1/15/202328,340,000 shares $532.79 million +7.5%13.5%6.3 $18.80
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12/30/202226,370,000 shares $430.89 million +5.4%12.6%6.1 $16.34
12/15/202225,020,000 shares $394.57 million +18.0%11.9%6 $15.77
11/30/202221,200,000 shares $347.47 million +6.4%10.1%5.3 $16.39
11/15/202219,930,000 shares $296.16 million +231.6%9.5%5.4 $14.86
10/31/20226,010,000 shares $96.04 million -16.3%2.9%1.8 $15.98
10/15/20227,180,000 shares $110.28 million +8.6%3.4%2.7 $15.36
9/30/20226,610,000 shares $104.97 million +7.8%3.2%2.5 $15.88
9/15/20226,130,000 shares $96.12 million +4.6%2.9%2.4 $15.68
8/31/20225,860,000 shares $87.20 million -6.5%2.8%2.3 $14.88
8/15/20226,270,000 shares $111.54 million -2.2%3.0%2.6 $17.79
7/31/20226,410,000 shares $130.32 million -4.0%3.1%2.9 $20.33
7/15/20226,680,000 shares $122.04 million +0.8%3.2%3.1 $18.27
6/30/20226,630,000 shares $130.41 million +11.8%3.2%3.1 $19.67
6/15/20225,930,000 shares $126.84 million +11.7%2.8%2.8 $21.39
5/31/20225,310,000 shares $116.66 million -6.4%2.5%2.4 $21.97
5/15/20225,670,000 shares $122.76 million +22.5%2.7%2.2 $21.65
4/30/20224,630,000 shares $114.69 million +13.8%2.2%1.8 $24.77
4/15/20224,070,000 shares $121.45 million -4.0%1.9%1.5 $29.84
3/31/20224,240,000 shares $115.75 million -0.7%2.0%1.5 $27.30
3/15/20224,270,000 shares $113.41 million +22.0%N/A1.6 $26.56
2/28/20223,500,000 shares $82.71 million +15.5%1.7%1.3 $23.63
2/15/20223,030,000 shares $72.39 million +3.1%1.5%1.2 $23.89
1/31/20222,940,000 shares $63.71 million +47.0%1.4%1.3 $21.67
1/15/20222,000,000 shares $45.98 million +5.8%1.0%1 $22.99
12/31/20211,890,000 shares $47.19 million -25.9%N/A0 $24.97
12/15/20212,550,000 shares $56.33 million -26.3%1.2%1.3 $22.09
11/30/20213,460,000 shares $88.37 million +18.5%1.7%2 $25.54
11/15/20212,920,000 shares $81.15 million +17.3%1.4%1.7 $27.79
10/29/20212,490,000 shares $63.77 million -3.5%1.2%1.4 $25.61
10/15/20212,580,000 shares $64.94 million +6.2%1.2%1.4 $25.17

PAAS Short Interest - Frequently Asked Questions

Short interest is the volume of Pan American Silver shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 6,204,388 shares of PAAS short. 1.72% of Pan American Silver's shares are currently sold short. Learn More on Pan American Silver'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. PAAS shares currently have a short interest ratio of 1.9. Learn More on Pan American Silver's short interest ratio.

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. 1.72% of Pan American Silver's floating shares are currently sold short.

Pan American Silver saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,204,388 shares, a decrease of 9.2% from the previous total of 6,830,208 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.

1.72% of Pan American Silver's shares are currently sold short. Here is how the short interest of companies in the industry of "metals & mining" compare to Pan American Silver: Royal Gold, Inc. (2.64%), Agnico Eagle Mines Limited (1.24%), First Majestic Silver Corp. (5.25%), Alamos Gold Inc. (1.73%), Coeur Mining, Inc. (5.41%), Endeavour Silver Corporation (7.43%), Fortuna Mining Corp. (6.72%), Hecla Mining Company (5.62%), Kinross Gold Corporation (1.40%), Wheaton Precious Metals Corp. (1.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($75.10 billion), Invesco QQQ ($52.12 billion), iShares Russell 2000 ETF ($25.28 billion), SPDR S&P Biotech ETF ($11.70 billion), Nebius Group N.V. ($10.54 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($9.69 billion), iShares iBoxx $ High Yield Corporate Bond ETF ($9.22 billion), iShares 20+ Year Treasury Bond ETF ($8.80 billion), Financial Select Sector SPDR Fund ($7.65 billion), and Lumentum Holdings Inc. ($7.23 billion). View all of the most shorted stocks.

Short selling PAAS is an investing strategy that aims to generate trading profit from Pan American Silver as its price is falling. PAAS shares are trading down $1.18 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 Pan American Silver 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 PAAS, 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 PAAS, twice per month. The most recent reporting period available is September, 30 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like PAAS:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.



Short interest data for NYSE:PAAS is sourced from the Financial Industry Regulatory Authority (FINRA), with the most recent report published on 10/9/2026. FINRA publishes updated short interest twice a month.
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