The PNC Financial Services Group (PNC) Short Interest Ratio & Short Volume

Short interest is the volume of The PNC Financial Services Group shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 4,280,000 shares of PNC short. 1.08% of The PNC Financial Services Group's shares are currently sold short. Learn More on The PNC Financial Services Group'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. PNC shares currently have a short interest ratio of 2.0. Learn More on The PNC Financial Services Group's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of The PNC Financial Services Group: Raymond James & Associates, Wealth Enhancement Advisory Services LLC, Readystate Asset Management LP, Parallax Volatility Advisers L.P., Citadel Advisors LLC, Symmetry Peak Management LLC, Lighthouse Investment Partners LLC, Optiver Holding B.V., Capstone Investment Advisors LLC, Allianz Asset Management GmbH, Mendel Money Management, IMC Chicago LLC, One River Asset Management LLC, UBS Group AG, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., M&T Bank Corp, and SpiderRock Advisors LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 1.08% of The PNC Financial Services Group's floating shares are currently sold short.

The PNC Financial Services Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,280,000 shares, a drop of 4.9% from the previous total of 4,500,000 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.

The PNC Financial Services Group currently has issued a total of 397,810,000 shares. Some of The PNC Financial Services Group'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. The PNC Financial Services Group currently has a public float of 396,170,000 shares.

1.08% of The PNC Financial Services Group's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to The PNC Financial Services Group: Truist Financial Co. (0.92%), Huntington Bancshares Incorporated (1.86%), Regions Financial Co. (3.85%), U.S. Bancorp (1.51%), Capital One Financial Co. (3.00%), Mizuho Financial Group, Inc. (0.01%), Shinhan Financial Group Co., Ltd. (0.09%), Citigroup Inc. (1.56%), Wells Fargo & Company (1.12%), ING Groep (0.11%),

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 PNC is an investing strategy that aims to generate trading profit from The PNC Financial Services Group as its price is falling. PNC shares are trading up $0.45 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 The PNC Financial Services Group 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 PNC, 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 PNC, twice per month. The most recent reporting period available is March, 31 2024.