Philip Morris International Short Interest Ratio and Short Volume

Short interest is the volume of Philip Morris International shares that have been sold short but have not yet been closed out or covered. As of February 12th, investors have sold 10,000,000 shares of PM short. 0.65% of Philip Morris International's shares are currently sold short. View details.

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. Philip Morris International currently has a short interest ratio of 2.0.

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. 0.65% of Philip Morris International's floating shares are currently sold short.

Philip Morris International saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 10,000,000 shares, an increase of 6.5% from the previous total of 9,390,000 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.

Philip Morris International currently has issued a total of 1,557,452,000 shares. Some of Philip Morris International'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. Philip Morris International currently has a public float of 1,550,000,000 shares.

0.65% of Philip Morris International's shares are currently sold short. Here is how the short interest of companies in the sector of "consumer staples" compare to Philip Morris International: The Procter & Gamble Company (0.60%), Nestlé S.A. (0.00%), The Coca-Cola Company (0.54%), L'Oréal S.A. (0.00%), PepsiCo, Inc. (0.68%), Anheuser-Busch InBev SA/NV (0.16%), The Estée Lauder Companies Inc. (0.00%), Diageo plc (0.08%), British American Tobacco p.l.c. (0.11%), and Altria Group, Inc. (0.76%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling PM is an investing strategy that aims to generate trading profit from Philip Morris International as its price is falling. Philip Morris International's stock is trading up $1.55 today. To short Philip Morris International 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 Philip Morris International 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 Philip Morris International 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 PM, 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 PM, twice per month. The most recent reporting period available is February, 12 2021.