John Hancock Premium Dividend Fund - PDT Short Interest Ratio & Short Volume

Short interest is the volume of John Hancock Premium Dividend Fund shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 84,400 shares of PDT short. Learn More on John Hancock Premium Dividend Fund'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. PDT shares currently have a short interest ratio of 1.0. Learn More on John Hancock Premium Dividend Fund's short interest ratio.

John Hancock Premium Dividend Fund saw a increase in short interest in February. As of February 28th, there was short interest totaling 84,400 shares, an increase of 205.8% from the previous total of 27,600 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.

Here is how the short interest of companies in the sector of "finance" compare to John Hancock Premium Dividend Fund: Broadmark Realty Capital Inc. (3.77%), Amalgamated Financial Corp. (4.50%), Peapack-Gladstone Financial Co. (1.18%), Capital Southwest Co. (0.70%), Gladstone Land Co. (3.00%), Kearny Financial Corp. (2.63%), Washington Trust Bancorp, Inc. (3.83%), iStar Inc. (2.64%), Northfield Bancorp, Inc. (Staten Island, NY) (1.40%), and Hanmi Financial Co. (2.91%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling PDT is an investing strategy that aims to generate trading profit from John Hancock Premium Dividend Fund as its price is falling. PDT shares are trading up $0.01 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 John Hancock Premium Dividend Fund 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 PDT, 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 PDT, twice per month. The most recent reporting period available is February, 28 2023.