PBF Logistics (PBFX) Short Interest Ratio & Short Volume

Short interest is the volume of PBF Logistics shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 633,600 shares of PBFX short. 2.57% of PBF Logistics' shares are currently sold short. Learn More on PBF Logistics' 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. PBFX shares currently have a short interest ratio of 2.0. Learn More on PBF Logistics'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. 2.57% of PBF Logistics' floating shares are currently sold short.

PBF Logistics saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 633,600 shares, an increase of 10.2% from the previous total of 574,800 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.

PBF Logistics currently has issued a total of 62,742,000 shares. Some of PBF Logistics' 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. PBF Logistics currently has a public float of 24,610,000 shares.

2.57% of PBF Logistics' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to PBF Logistics: Genesis Energy, L.P. (1.62%), Delek Logistics Partners, LP (0.29%), NuStar Energy L.P. (2.25%), Suburban Propane Partners, L.P. (3.18%), JinkoSolar Holding Co., Ltd. (5.77%), Calumet Specialty Products Partners, L.P. (1.40%), ProFrac Holding Corp. (3.55%), Natural Resource Partners L.P. (2.13%), Dorchester Minerals, L.P. (1.29%), Ameresco, Inc. (15.65%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.34 billion), Occidental Petroleum Co. ($4.15 billion), T. Rowe Price Group, Inc. ($2.41 billion), Diamondback Energy, Inc. ($2.05 billion), Coinbase Global, Inc. ($1.75 billion), Lucid Group, Inc. ($1.66 billion), PG&E Co. ($1.62 billion), Rivian Automotive, Inc. ($1.62 billion), Etsy, Inc. ($1.61 billion), and Old Dominion Freight Line, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling PBFX is an investing strategy that aims to generate trading profit from PBF Logistics as its price is falling. 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 PBF Logistics 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 PBFX, 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 PBFX, twice per month. The most recent reporting period available is November, 15 2022.