CC Neuberger Principal Holdings I (PCPL) Short Interest Ratio & Short Volume

Short interest is the volume of CC Neuberger Principal Holdings I shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 828,300 shares of PCPL short. Learn More on CC Neuberger Principal Holdings I'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. PCPL shares currently have a short interest ratio of 1.0. Learn More on CC Neuberger Principal Holdings I's short interest ratio.

CC Neuberger Principal Holdings I saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 828,300 shares, an increase of 294.2% from the previous total of 210,100 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 sector of "business services" compare to CC Neuberger Principal Holdings I: IBEX Limited (1.42%), Veritone, Inc. (15.74%), SilverSun Technologies, Inc. (10.79%), Mercurity Fintech Holding Inc. (0.10%), PropertyGuru Group Limited (0.30%), Yext, Inc. (1.48%), TELUS International (Cda) Inc. (3.17%), Global Blue Group Holding AG (0.24%), Paysign, Inc. (2.58%), Inspired Entertainment, Inc. (2.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.62 billion), Analog Devices, Inc. ($4.85 billion), Aon plc ($4.66 billion), DuPont de Nemours, Inc. ($3.84 billion), International Flavors & Fragrances Inc. ($3.60 billion), Moderna, Inc. ($3.22 billion), Snap Inc. ($3.21 billion), Snowflake Inc. ($2.82 billion), The Kroger Co. ($2.52 billion), and Peloton Interactive, Inc. ($2.51 billion). View all of the most shorted stocks.

Short selling PCPL is an investing strategy that aims to generate trading profit from CC Neuberger Principal Holdings I as its price is falling. PCPL shares are trading up $0.03 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 CC Neuberger Principal Holdings I 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 PCPL, 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 PCPL, twice per month. The most recent reporting period available is January, 15 2021.