Plains GP (PAGP) Short Interest Ratio & Short Volume

Short interest is the volume of Plains GP shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 4,460,000 shares of PAGP short. Learn More on Plains GP'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. PAGP shares currently have a short interest ratio of 1.0. Learn More on Plains GP'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 GP: GTS Securities LLC, Squarepoint Ops LLC, Point72 Asset Management L.P., Millennium Management LLC, Group One Trading LLC, Citadel Advisors LLC, Jane Street Group LLC, Susquehanna International Group LLP, Concourse Financial Group Securities Inc., PEAK6 LLC, Walleye Trading LLC, Walleye Capital LLC, and Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Plains GP saw a increase in short interest in November. As of November 30th, there was short interest totaling 4,460,000 shares, an increase of 6.7% from the previous total of 4,180,000 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.

Here is how the short interest of companies in the industry of "transportation" compare to Plains GP: Brookfield Infrastructure Partners L.P. (0.25%), MakeMyTrip Limited (2.53%), ZTO Express (Cayman) Inc. (2.53%), Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (0.87%), Grupo Aeroportuario del Sureste, S. A. B. de C. V. (0.51%), Norwegian Cruise Line Holdings Ltd. (6.78%), TFI International Inc. (0.96%), American Airlines Group Inc. (10.50%), HF Sinclair Co. (5.00%), GXO Logistics, Inc. (7.40%),

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 PAGP is an investing strategy that aims to generate trading profit from Plains GP as its price is falling. PAGP shares are trading up $0.23 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 GP occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PAGP, 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 PAGP, twice per month. The most recent reporting period available is November, 30 2020.