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Precision Drilling (PDS) Short Interest Ratio & Short Volume

$70.79
+1.65 (+2.39%)
(As of 05/24/2024 ET)

Precision Drilling Short Interest Data

Current Short Interest
515,700 shares
Previous Short Interest
395,200 shares
Change Vs. Previous Month
+30.49%
Dollar Volume Sold Short
$36.19 million
Short Interest Ratio
6.3 Days to Cover
Last Record Date
April 30, 2024
Outstanding Shares
14,470,000 shares
Float Size
13,870,000 shares
Short Percent of Float
3.72%
Today's Trading Volume
29,258 shares
Average Trading Volume
68,552 shares
Today's Volume Vs. Average
43%
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PDS Short Interest Over Time

PDS Days to Cover Over Time

PDS Percentage of Float Shorted Over Time

Precision Drilling Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/30/2024515,700 shares $36.19 million +30.5%3.7%6.3 $70.18
4/15/2024395,200 shares $27.25 million +12.4%2.9%4.8 $68.95
3/31/2024351,600 shares $23.66 million +1.0%2.5%4.2 $67.29
3/15/2024348,100 shares $22.34 million +1.2%2.5%4.1 $64.17
2/29/2024344,100 shares $20.47 million +20.2%2.5%3.8 $59.49
2/15/2024286,300 shares $17.95 million +31.4%2.1%3.1 $62.68
1/31/2024217,900 shares $13.48 million +26.7%1.6%2.3 $61.88
1/15/2024172,000 shares $9.45 million -0.1%1.2%1.8 $54.93
12/31/2023172,200 shares $9.35 million +39.7%1.2%1.9 $54.29
12/15/2023123,300 shares $6.63 million -23.6%0.9%1.4 $53.80
11/30/2023161,300 shares $9.32 million +11.5%1.1%1.8 $57.75
11/15/2023144,700 shares $8.52 million +28.3%1.0%1.7 $58.86
10/31/2023112,800 shares $6.54 million +136.5%0.8%1.5 $57.99
10/15/202347,700 shares $2.94 million +9.9%0.4%0.7 $61.70
9/30/202343,400 shares $2.91 million -34.8%0.3%0.7 $67.12
9/15/202366,600 shares $4.83 million -29.1%0.5%1.1 $72.59
8/31/202393,900 shares $6.19 million +16.4%0.7%1.6 $65.94
8/15/202380,700 shares $5.26 million -31.1%0.6%1.5 $65.16
7/31/2023117,100 shares $7.78 million -72.2%0.9%2.1 $66.42
7/15/2023421,200 shares $22.13 million -1.8%3.2%7.2 $52.55
6/30/2023428,900 shares $20.94 million +0.5%3.2%7.6 $48.82
6/15/2023426,600 shares $20.26 million +1.9%3.2%7.4 $47.50
5/31/2023418,500 shares $17.61 million -4.8%3.1%6.5 $42.07
5/15/2023439,800 shares $20.76 million +8.8%3.3%6.6 $47.20
4/30/2023404,100 shares $20.10 million -2.9%3.0%5.1 $49.73
4/15/2023416,000 shares $21.62 million -3.2%3.2%5.6 $51.96
3/31/2023429,800 shares $22.10 million +12.2%3.3%5.7 $51.42
3/15/2023383,000 shares $18.08 million -2.4%2.9%5.3 $47.21
2/28/2023392,500 shares $22.37 million -12.7%3.0%6.1 $56.99
2/15/2023449,700 shares $27.26 million +62.9%3.4%7 $60.61
1/31/2023276,000 shares $21.99 million +11.3%2.1%4.5 $79.67
1/15/2023248,000 shares $20.24 million +5.1%1.9%3.9 $81.60
12/30/2022236,000 shares $18.10 million -1.2%1.8%3.8 $76.70
12/15/2022238,800 shares $17.78 million -1.8%1.8%3.6 $74.46
11/30/2022243,100 shares $19.39 million +17.7%1.8%3.7 $79.77
11/15/2022206,500 shares $17.28 million +9.0%1.5%3.1 $83.68
10/31/2022189,400 shares $14.00 million -7.3%1.4%2.9 $73.91
10/15/2022204,400 shares $11.40 million -2.9%1.5%3.5 $55.78
9/30/2022210,600 shares $10.66 million -4.0%1.6%3.4 $50.63
9/15/2022219,300 shares $13.71 million -8.4%1.6%3.5 $62.52
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8/31/2022239,300 shares $14.70 million -6.6%1.8%3.6 $61.43
8/15/2022256,200 shares $16.81 million -15.4%1.9%3.7 $65.61
7/31/2022302,900 shares $20.65 million -7.7%2.3%4.1 $68.17
7/15/2022328,200 shares $17.45 million -7.8%2.4%4.3 $53.16
6/30/2022356,000 shares $22.79 million +24.6%2.7%4.6 $64.02
6/15/2022285,800 shares $20.10 million +19.7%2.1%3.6 $70.33
5/31/2022238,800 shares $18.56 million +9.2%1.8%3 $77.72
5/15/2022218,700 shares $14.16 million +9.1%1.6%2.6 $64.73
4/30/2022200,400 shares $14.39 million -16.6%1.5%2.2 $71.79
4/15/2022240,400 shares $19.80 million +11.9%1.8%2.8 $82.37
3/31/2022214,900 shares $15.89 million +6.1%1.6%2.6 $73.92
3/15/2022202,500 shares $12.47 million +5.3%1.5%2.6 $61.58
2/28/2022192,300 shares $11.23 million -5.9%1.5%2.6 $58.42
2/15/2022204,300 shares $11.24 million +16.3%1.6%3.1 $55.00
1/31/2022175,700 shares $7.65 million -16.8%1.3%3.3 $43.54
1/15/2022211,100 shares $9.47 million +2.9%1.6%4.3 $44.86
12/31/2021205,100 shares $7.27 million +0.1%1.5%4.3 $35.43
12/15/2021204,900 shares $6.84 million +1.6%1.5%4.3 $33.37
11/30/2021201,700 shares $6.43 million +12.3%1.5%4.8 $31.87
11/15/2021179,600 shares $6.98 million -19.1%1.4%4.5 $38.86
10/29/2021221,900 shares $9.82 million +18.5%1.7%5.5 $44.26
10/15/2021187,200 shares $9.24 million -16.1%1.4%4.7 $49.36
9/30/2021223,100 shares $9.02 million +7.1%1.7%4.9 $40.41
9/15/2021208,400 shares $7.21 million -4.9%1.6%3.9 $34.58
8/31/2021219,200 shares $7.15 million +8.5%1.7%3.5 $32.60
8/13/2021202,000 shares $6.38 million No Change1.5%2.7 $31.59
7/15/2021200,200 shares $7.18 million +6.2%1.5%2.3 $35.86
6/30/2021188,600 shares $7.86 million -22.3%1.4%2.2 $41.70
6/15/2021242,800 shares $9.75 million -1.3%1.8%2.9 $40.16
5/28/2021246,000 shares $7.79 million -6.0%1.9%2.6 $31.66
5/14/2021261,800 shares $7.06 million -0.3%2.0%2.7 $26.97
4/30/2021262,500 shares $7.04 million -5.7%2.0%2.5 $26.81
4/15/2021278,400 shares $7.43 million -19.0%2.1%2.6 $26.68
3/31/2021343,600 shares $7.19 million +41.0%2.6%3 $20.94
3/15/2021243,700 shares $6.66 million -7.3%1.8%2.1 $27.33
2/26/2021262,900 shares $6.29 million +11.4%1.9%2.4 $23.94
2/12/2021236,000 shares $5.35 million -12.5%1.7%1.9 $22.66
1/29/2021269,700 shares $5.46 million +42.3%2.0%2.2 $20.26
1/15/2021189,600 shares $4.73 million -25.3%1.4%1.7 $24.93
12/31/2020253,900 shares $4.19 million +38.0%1.9%2.5 $16.51
12/15/2020184,000 shares $3.69 million +5.0%1.4%2.1 $20.04
11/30/2020175,300 shares $3.47 million -7.6%1.3%2.4 $19.82
11/15/2020189,700 shares $2.84 million -95.7%1.4%3.5 $14.97
10/30/20204,420,000 shares $61.76 million +7.3%1.6%10.2 $13.97
10/15/20204,120,000 shares $58.11 million -7.0%1.5%10.8 $14.10
9/30/20204,430,000 shares $56.70 million -5.1%1.6%11.6 $12.80
9/15/20204,670,000 shares $58.85 million +9.6%1.7%10.6 $12.60
8/31/20204,260,000 shares $59.31 million +7.0%1.6%8 $13.92
8/14/20203,980,000 shares $63.00 million -4.8%1.5%5.6 $15.83
7/31/20204,180,000 shares $52.66 million -6.9%1.5%5.4 $12.60
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7/15/20204,490,000 shares $54.78 million -8.7%1.7%4.1 $12.20
6/30/20204,920,000 shares $72.82 million +5.8%1.8%3.9 $14.80
6/15/20204,650,000 shares $75.18 million -38.1%1.7%3.3 $16.17
5/29/20207,510,000 shares $81.92 million -15.1%2.8%4.9 $10.91
5/15/20208,850,000 shares $91.16 million +4.2%3.3%6.1 $10.30
4/30/20208,490,000 shares $93.39 million +11.0%3.1%5.9 $11.00
4/15/20207,650,000 shares $52.02 million -3.0%2.8%6.1 $6.80
3/31/20207,890,000 shares $3.00 million -8.7%2.9%7.4 $0.38
3/13/20208,642,000 shares $3.02 million +22.9%3.1%9.6 $0.35
2/28/20207,030,000 shares $2.04 million +2.8%2.6%7.8 $0.29
2/14/20206,840,000 shares $4.10 million -1.0%2.5%8.9 $0.60
1/31/20206,910,000 shares $8.43 million +15.2%2.4%9.2 $1.22
1/15/20206,000,000 shares $7.26 million +10.9%2.1%7.2 $1.21
12/31/20195,410,000 shares $6.76 million +3.8%1.9%6.6 $1.25

PDS Short Interest - Frequently Asked Questions

What is Precision Drilling's current short interest?

Short interest is the volume of Precision Drilling shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 515,700 shares of PDS short. 3.72% of Precision Drilling's shares are currently sold short. Learn More on Precision Drilling's current short interest.

What is a good short interest ratio for Precision Drilling?

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. PDS shares currently have a short interest ratio of 6.0. Learn More on Precision Drilling's short interest ratio.

Which institutional investors are shorting Precision Drilling?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Precision Drilling: PEAK6 Investments LLC, and SIG North Trading ULC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Precision Drilling?

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. 3.72% of Precision Drilling's floating shares are currently sold short.

Is Precision Drilling's short interest increasing or decreasing?

Precision Drilling saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 515,700 shares, an increase of 30.5% from the previous total of 395,200 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 Precision Drilling's float size?

Precision Drilling currently has issued a total of 14,470,000 shares. Some of Precision Drilling'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. Precision Drilling currently has a public float of 13,870,000 shares.

How does Precision Drilling's short interest compare to its competitors?

3.72% of Precision Drilling's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Precision Drilling: Borr Drilling Limited (3.87%), Nabors Industries Ltd. (12.17%), HighPeak Energy, Inc. (20.04%), Helmerich & Payne, Inc. (10.95%), Canadian Solar Inc. (15.04%), ProPetro Holding Corp. (10.69%), REX American Resources Co. (3.48%), SilverBow Resources, Inc. (5.25%), Sabine Royalty Trust (0.04%), Shoals Technologies Group, Inc. (13.77%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

What does it mean to sell short Precision Drilling stock?

Short selling PDS is an investing strategy that aims to generate trading profit from Precision Drilling as its price is falling. PDS shares are trading up $1.65 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.

How does a short squeeze work against Precision Drilling?

A short squeeze for Precision Drilling 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 PDS, which in turn drives the price of the stock up even further.

How often is Precision Drilling'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 PDS, twice per month. The most recent reporting period available is April, 30 2024.



More Short Interest Resources from MarketBeat

This page (NYSE:PDS) was last updated on 5/26/2024 by MarketBeat.com Staff

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