Putnam Managed Municipal Income Trust Short Interest Ratio and Short Volume

Short interest is the volume of Putnam Managed Municipal Income Trust shares that have been sold short but have not yet been closed out or covered. As of February 12th, investors have sold 349,700 shares of PMM short.

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. Putnam Managed Municipal Income Trust currently has a short interest ratio of 5.0.

Putnam Managed Municipal Income Trust saw a increase in short interest in February. As of February 12th, there was short interest totaling 349,700 shares, an increase of 3.6% from the previous total of 337,700 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.

0.00% of Putnam Managed Municipal Income Trust's shares are currently sold short. Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Putnam Managed Municipal Income Trust: Liberty All-Star Equity Fund (0.00%), Tortoise Energy Infrastructure Co. (0.00%), Boulder Growth & Income Fund, Inc. (0.00%), Aberdeen Asia-Pacific Income Fund, Inc. (0.00%), Tekla Healthcare Investors (0.00%), Nuveen Nasdaq 100 Dynamic Overwrite Fund (0.00%), AllianceBernstein Global High Income Fund (0.00%), Cornerstone Strategic Value Fund, Inc. (0.00%), BlackRock MuniYield Quality Fund III, Inc. (0.00%), and Central Securities Corp. (0.00%).

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 PMM is an investing strategy that aims to generate trading profit from Putnam Managed Municipal Income Trust as its price is falling. Putnam Managed Municipal Income Trust's stock is trading up $0.06 today. To short Putnam Managed Municipal Income Trust 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 Putnam Managed Municipal Income Trust 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 Putnam Managed Municipal Income Trust 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 PMM, 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 PMM, twice per month. The most recent reporting period available is February, 12 2021.