PG&E Short Interest Ratio and Short Volume

PG&E (NYSE:PCG) Short Interest Frequently Asked Questions

What is PG&E's current short interest?

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 April 30th, traders have sold 82,190,000 shares of PCG short. 5.04% of PG&E's shares are currently sold short. Learn More on PG&E's current short interest.

What is a good short interest ratio for PG&E?

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 4.0. Learn More on PG&E's short interest ratio.

Which institutional investors are shorting PG&E?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of PG&E: PEAK6 Investments LLC, Verition Fund Management LLC, BlackRock Inc., Group One Trading L.P., Wolverine Asset Management LLC, Simplex Trading LLC, IMC Chicago LLC, Cutler Group LP, Walleye Trading LLC, SG3 Management LLC, Susquehanna International Group LLP, D. E. Shaw & Co. Inc., Citadel Advisors LLC, Bluefin Capital Management LLC, Point72 Hong Kong Ltd, CSS LLC IL, Credit Suisse AG, Skaana Management L.P., Parallax Volatility Advisers L.P., and Wolverine Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for PG&E?

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. 5.04% of PG&E's floating shares are currently sold short.

Is PG&E's short interest increasing or decreasing?

PG&E saw a increase in short interest in April. As of April 30th, there was short interest totaling 82,190,000 shares, an increase of 8.3% from the previous total of 75,900,000 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.

What is PG&E's float size?

PG&E currently has issued a total of 2,465,220,000 shares. Some of PG&E'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. PG&E currently has a public float of 1,630,000,000 shares.

How does PG&E's short interest compare to its competitors?

5.04% 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 (0.00%), Public Service Enterprise Group Incorporated (1.34%), Consolidated Edison, Inc. (0.00%), WEC Energy Group, Inc. (0.92%), DTE Energy (1.52%), Ameren Co. (0.00%), CMS Energy Co. (1.74%), CenterPoint Energy, Inc. (0.00%), and NiSource Inc. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.31 billion), Charter Communications, Inc. ($3.24 billion), Lucid Group, Inc. ($2.25 billion), HP Inc. ($2.22 billion), GameStop Corp. ($1.69 billion), Carnival Co. & plc ($1.66 billion), Snap Inc. ($1.64 billion), Wayfair Inc. ($1.63 billion), Rivian Automotive, Inc. ($1.60 billion), and Upstart Holdings, Inc. ($1.53 billion). View all of the most shorted stocks.

What does it mean to sell short PG&E stock?

Short selling PCG is an investing strategy that aims to generate trading profit from PG&E as its price is falling. PG&E's stock is trading up $0.15 today. 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.

How does a short squeeze work against PG&E?

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.

How often is PG&E's short interest reported?

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 April, 30 2022.