Pivotal Investment Co. II (PIC) Short Interest Ratio & Short Volume

Short interest is the volume of Pivotal Investment Co. II shares that have been sold short but have not yet been closed out or covered. As of December 31st, traders have sold 2,540,000 shares of PIC short. Learn More on Pivotal Investment Co. II's current short interest.

Pivotal Investment Co. II saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,540,000 shares, an increase of 50.3% from the previous total of 1,690,000 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.

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. ($2.68 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 PIC is an investing strategy that aims to generate trading profit from Pivotal Investment Co. II 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 Pivotal Investment Co. II 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 PIC, 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 PIC, twice per month. The most recent reporting period available is December, 31 2020.