Putnam Municipal Opportunities Trust (PMO) Short Interest Ratio & 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, traders have sold 1,580,000 shares of PMO short. Learn More on Putnam Municipal Opportunities Trust'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. PMO shares currently have a short interest ratio of 13.0. Learn More on Putnam Municipal Opportunities Trust's short interest ratio.

Putnam Municipal Opportunities Trust saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,580,000 shares, an increase of 6,891.2% from the previous total of 22,600 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 industry of "investment offices, not elsewhere classified" compare to Putnam Municipal Opportunities Trust: BlackRock MuniHoldings New York Quality Fund, Inc. (0.17%), Liberty All-Star Growth Fund, Inc. (0.05%), BlackRock MuniYield Michigan Quality Fund, Inc. (0.01%), MFS Intermediate Income Trust (0.05%), Putnam Premier Income Trust (0.13%), WhiteHorse Finance, Inc. (0.75%), Nuveen California Municipal Value Fund (0.02%), Abrdn Life Sciences Investors (0.08%), Tortoise Energy Infrastructure Co. (0.14%), Cohen & Steers Total Return Realty Fund, Inc. (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 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. PMO shares are trading up $0.03 today. 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 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 2024.