Parsley Energy (PE) Short Interest Ratio & Short Volume

Short interest is the volume of Parsley Energy shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 28,790,000 shares of PE short. Learn More on Parsley Energy'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. PE shares currently have a short interest ratio of 3.0. Learn More on Parsley Energy's short interest ratio.

Parsley Energy saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 28,790,000 shares, a decrease of 11.7% from the previous total of 32,590,000 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.

Here is how the short interest of companies in the sector of "energy" compare to Parsley Energy: Riley Exploration Permian, Inc. (4.85%), Gran Tierra Energy Inc. (2.21%), Indonesia Energy Co. Limited (3.56%), Battalion Oil Co. (2.48%), Houston American Energy Corp. (10.36%), Mexco Energy Co. (0.22%), Barnwell Industries, Inc. (2.65%), New Concept Energy, Inc. (0.05%), Cenovus Energy Inc (1.22%), Cheniere Energy Partners, L.P. (0.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.95 billion), Aon plc ($4.44 billion), Analog Devices, Inc. ($4.13 billion), Snap Inc. ($3.12 billion), Peloton Interactive, Inc. ($2.62 billion), Moderna, Inc. ($2.60 billion), The Clorox Company ($2.47 billion), The Kroger Co. ($2.32 billion), International Flavors & Fragrances Inc. ($2.21 billion), and Altice USA, Inc. ($1.94 billion). View all of the most shorted stocks.

Short selling PE is an investing strategy that aims to generate trading profit from Parsley Energy as its price is falling. 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 Parsley Energy 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 PE, 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 PE, twice per month. The most recent reporting period available is December, 31 2020.