Packaging Co. of America (PKG) Short Interest Ratio & Short Volume

Short interest is the volume of Packaging Co. of America shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 2,670,000 shares of PKG short. 3.04% of Packaging Co. of America's shares are currently sold short. Learn More on Packaging Co. of America'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. PKG shares currently have a short interest ratio of 4.0. Learn More on Packaging Co. of America's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Packaging Co. of America: JPMorgan Chase & Co., Susquehanna International Group LLP, Jane Street Group LLC, Group One Trading L.P., BNP Paribas Arbitrage SNC, PEAK6 Investments LLC, UBS Group AG, and Capstone Investment Advisors LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 3.04% of Packaging Co. of America's floating shares are currently sold short.

Packaging Co. of America saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 2,670,000 shares, a drop of 6.0% from the previous total of 2,840,000 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.

Packaging Co. of America currently has issued a total of 89,930,000 shares. Some of Packaging Co. of America'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. Packaging Co. of America currently has a public float of 87,730,000 shares.

3.04% of Packaging Co. of America's shares are currently sold short. Here is how the short interest of companies in the sector of "industrial products" compare to Packaging Co. of America: Graphic Packaging Holding (3.03%), Sonoco Products (0.82%), Stanley Black & Decker, Inc. (5.50%), Nordson Co. (2.36%), Lincoln Electric Holdings, Inc. (3.50%), A. O. Smith Co. (4.33%), Graco Inc. (1.45%), Avery Dennison Co. (2.14%), Pentair plc (2.62%), Allegion plc (2.90%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling PKG is an investing strategy that aims to generate trading profit from Packaging Co. of America as its price is falling. PKG shares are trading up $3.25 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 Packaging Co. of America 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 PKG, 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 PKG, twice per month. The most recent reporting period available is May, 15 2023.