Plantronics (PLT) Short Interest Ratio & Short Volume

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. PLT shares currently have a short interest ratio of 6.0. Learn More on Plantronics's short interest ratio.

Plantronics saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,230,000 shares, an increase of 3.2% from the previous total of 3,130,000 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 compare to Plantronics: Digi International Inc. (5.44%), ADTRAN Holdings, Inc. (12.02%), Harmonic Inc. (2.59%), NETGEAR, Inc. (9.44%), Ribbon Communications Inc. (1.85%), Aviat Networks, Inc. (5.62%), CAMP4 Therapeutics Corporation (1.36%), KVH Industries, Inc. (0.28%), Comtech Telecommunications Corp. (3.49%), Aware, Inc. (0.22%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.19 billion), Charter Communications, Inc. ($5.76 billion), Analog Devices, Inc. ($5.70 billion), S&P Global Inc. ($5.03 billion), Airbnb, Inc. ($4.01 billion), Snap Inc. ($3.54 billion), Expedia Group, Inc. ($2.31 billion), The Kroger Co. ($2.25 billion), GameStop Corp. ($2.05 billion), and DoorDash, Inc. ($2.01 billion). View all of the most shorted stocks.

Short selling PLT is an investing strategy that aims to generate trading profit from Plantronics 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 Plantronics 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 PLT, 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 PLT, twice per month. The most recent reporting period available is April, 30 2021.