PG&E Short Interest Ratio and Short Volume

Short interest is the volume of PG&E shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 75,170,000 shares of PCG short.

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. PG&E currently has a short interest ratio of 5.0.

PG&E saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 75,170,000 shares, a decline of 0.9% from the previous total of 75,840,000 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.

0.00% of PG&E's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "multi-utilities" compare to PG&E: Dominion Energy, Inc. (0.00%), Sempra Energy (0.00%), Public Service Enterprise Group Incorporated (1.06%), WEC Energy Group, Inc. (1.35%), DTE Energy (0.00%), Consolidated Edison, Inc. (0.00%), Ameren Co. (0.00%), CMS Energy Co. (0.00%), CenterPoint Energy, Inc. (0.00%), and NiSource Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling PCG is an investing strategy that aims to generate trading profit from PG&E as its price is falling. To short PG&E 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 PG&E 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 PG&E 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 PCG, 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 PCG, twice per month. The most recent reporting period available is March, 31 2021.