Parker Drilling (PKD) Short Interest Ratio & Short Volume

Short interest is the volume of Parker Drilling shares that have been sold short but have not yet been closed out or covered. As of January 31st, investors have sold 77,800 shares of PKD short. 0.52% of Parker Drilling's shares are currently sold short. Learn More on Parker Drilling'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. PKD shares currently have a short interest ratio of 3.0. Learn More on Parker Drilling'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. 0.52% of Parker Drilling's floating shares are currently sold short.

Parker Drilling saw a decline in short interest in January. As of January 31st, there was short interest totaling 77,800 shares, a decline of 0.5% from the previous total of 78,200 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.

Parker Drilling currently has issued a total of 15,050,000 shares. Some of Parker 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. Parker Drilling currently has a public float of 15,010,000 shares.

0.52% of Parker Drilling's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Parker Drilling: Nabors Industries Ltd. (10.13%), Borr Drilling Limited (3.44%), NACCO Industries, Inc. (0.33%), San Juan Basin Royalty Trust (1.74%), FREYR Battery, Inc. (6.27%), RGC Resources, Inc. (0.80%), FutureFuel Corp. (3.27%), Ranger Energy Services, Inc. (2.09%), PrimeEnergy Resources Co. (0.45%), Energy Vault Holdings, Inc. (16.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($17.72 billion), Netflix, Inc. ($7.24 billion), Charter Communications, Inc. ($4.67 billion), Microchip Technology Incorporated ($3.34 billion), The Charles Schwab Co. ($2.53 billion), Match Group, Inc. ($2.07 billion), Carvana Co. ($1.86 billion), Omnicom Group Inc. ($1.86 billion), Snap Inc. ($1.75 billion), and Zillow Group, Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling PKD is an investing strategy that aims to generate trading profit from Parker Drilling 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 Parker Drilling 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 PKD, 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 PKD, twice per month. The most recent reporting period available is January, 31 2020.