PCM Fund Short Interest Ratio and Short Volume

Short interest is the volume of PCM Fund shares that have been sold short but have not yet been closed out or covered. As of February 12th, investors have sold 142,300 shares of PCM 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. PCM Fund currently has a short interest ratio of 6.0.

PCM Fund saw a increase in short interest in February. As of February 12th, there was short interest totaling 142,300 shares, an increase of 2.7% from the previous total of 138,600 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 PCM Fund's shares are currently sold short. Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to PCM Fund: Invesco Advantage Municipal Income Trust II (0.00%), Cornerstone Total Return Fund, Inc. (0.00%), BlackRock Debt Strategies Fund, Inc. (0.00%), Putnam Premier Income Trust (0.00%), BlackRock MuniYield California Quality Fund, Inc. (0.00%), Royce Micro-Cap Trust, Inc. (0.00%), BNY Mellon Strategic Municipal Bond Fund, Inc. (0.00%), VanEck Vectors Biotech ETF (0.00%), BlackRock MuniYield Quality Fund, Inc. (0.00%), and Putnam Municipal Opportunities Trust (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling PCM is an investing strategy that aims to generate trading profit from PCM Fund as its price is falling. PCM Fund's stock is trading up $0.07 today. To short PCM Fund 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 PCM Fund 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 PCM Fund 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 PCM, 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 PCM, twice per month. The most recent reporting period available is February, 12 2021.