Revvity (PKI) Short Interest Ratio & Short Volume

Short interest is the volume of Revvity shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 3,530,000 shares of PKI short. Learn More on Revvity'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. PKI shares currently have a short interest ratio of 4.0. Learn More on Revvity's short interest ratio.

Revvity saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,530,000 shares, an increase of 0.6% from the previous total of 3,510,000 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 "medical" compare to Revvity: Waters Co. (6.42%), Illumina, Inc. (3.32%), Bio-Rad Laboratories, Inc. (2.87%), Avantor, Inc. (4.32%), Revvity, Inc. (2.19%), 10x Genomics, Inc. (7.15%), Teva Pharmaceutical Industries Limited (1.03%), Quest Diagnostics Incorporated (2.32%), Viatris Inc. (3.14%), Neurocrine Biosciences, Inc. (2.44%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.05 billion), Occidental Petroleum Co. ($3.06 billion), Moderna, Inc. ($2.37 billion), Paramount Global ($2.14 billion), T. Rowe Price Group, Inc. ($2.13 billion), Coinbase Global, Inc. ($2.00 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.77 billion), CarMax, Inc. ($1.59 billion), and Old Dominion Freight Line, Inc. ($1.56 billion). View all of the most shorted stocks.

Short selling PKI is an investing strategy that aims to generate trading profit from Revvity 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 Revvity 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 PKI, 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 PKI, twice per month. The most recent reporting period available is April, 30 2023.