SandRidge Permian Trust (PER) Short Interest Ratio & Short Volume

Short interest is the volume of SandRidge Permian Trust shares that have been sold short but have not yet been closed out or covered. As of August 14th, investors have sold 275,800 shares of PER short. 0.70% of SandRidge Permian Trust's shares are currently sold short. Learn More on SandRidge Permian Trust'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. PER shares currently have a short interest ratio of 1.0. Learn More on SandRidge Permian Trust's short interest ratio.

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. 0.70% of SandRidge Permian Trust's floating shares are currently sold short.

SandRidge Permian Trust saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 275,800 shares, a drop of 21.8% from the previous total of 352,600 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.

SandRidge Permian Trust currently has issued a total of 52,500,000 shares. Some of SandRidge Permian Trust'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. SandRidge Permian Trust currently has a public float of 39,370,000 shares.

0.70% of SandRidge Permian Trust's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to SandRidge Permian Trust: CN Energy Group. Inc. (0.12%), Recon Technology, Ltd. (1.54%), Brenmiller Energy Ltd (0.02%), Pineapple Energy Inc. (7.46%), iSun, Inc. (3.82%), Marine Petroleum Trust (0.14%), Global Gas Co. (3.19%), Ecopetrol S.A. (0.48%), VOC Energy Trust (0.09%), U.S. Energy Corp. (0.15%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.88 billion), Tesla, Inc. ($4.06 billion), Aon plc ($3.14 billion), The Clorox Company ($2.93 billion), The Charles Schwab Co. ($2.69 billion), Moderna, Inc. ($2.19 billion), The Kroger Co. ($2.09 billion), Simon Property Group, Inc. ($1.87 billion), International Flavors & Fragrances Inc. ($1.71 billion), and Iron Mountain Incorporated ($1.64 billion). View all of the most shorted stocks.

Short selling PER is an investing strategy that aims to generate trading profit from SandRidge Permian Trust 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 SandRidge Permian Trust 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 PER, 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 PER, twice per month. The most recent reporting period available is August, 14 2020.