Putnam Municipal Opportunities Trust Short Interest Ratio and Short Volume

Short interest is the volume of Putnam Municipal Opportunities Trust shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 120,800 shares of PMO 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 Municipal Opportunities Trust currently has a short interest ratio of 2.0.

Putnam Municipal Opportunities Trust saw a decrease in short interest in March. As of March 31st, there was short interest totaling 120,800 shares, a decrease of 8.5% from the previous total of 132,000 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.

0.00% of Putnam Municipal Opportunities 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 Municipal Opportunities Trust: Royce Value Trust Inc. (0.00%), Liberty All-Star Equity Fund (0.00%), The Gabelli Equity Trust Inc. (0.00%), Tri-Continental Co. (0.00%), Tortoise Energy Infrastructure Co. (0.00%), Boulder Growth & Income Fund, Inc. (0.00%), Nuveen Nasdaq 100 Dynamic Overwrite Fund (0.00%), Aberdeen Asia-Pacific Income Fund, Inc. (0.00%), Tekla Healthcare Investors (0.00%), and AllianceBernstein Global High Income Fund (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling PMO is an investing strategy that aims to generate trading profit from Putnam Municipal Opportunities Trust as its price is falling. Putnam Municipal Opportunities Trust's stock is trading up $0.02 today. To short Putnam Municipal Opportunities 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 Municipal Opportunities 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 Municipal Opportunities 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 PMO, 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 PMO, twice per month. The most recent reporting period available is March, 31 2021.