PennantPark Investment (PNNT) Short Interest Ratio & Short Volume

Short interest is the volume of PennantPark Investment shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 403,500 shares of PNNT short. 0.63% of PennantPark Investment's shares are currently sold short. Learn More on PennantPark Investment'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. PNNT shares currently have a short interest ratio of 1.0. Learn More on PennantPark Investment's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of PennantPark Investment: Group One Trading LLC, Citadel Advisors LLC, and Concourse Financial Group Securities Inc.. 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. 0.63% of PennantPark Investment's floating shares are currently sold short.

PennantPark Investment saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 403,500 shares, a drop of 7.8% from the previous total of 437,600 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.

PennantPark Investment currently has issued a total of 65,296,000 shares. Some of PennantPark Investment'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. PennantPark Investment currently has a public float of 64,440,000 shares.

0.63% of PennantPark Investment's shares are currently sold short. Here is how the short interest of companies compare to PennantPark Investment: Prospect Capital Co. (6.38%), Oaktree Specialty Lending Co. (1.46%), Capital Southwest Co. (4.33%), SLR Investment Corp. (0.45%), Fidus Investment Co. (0.33%), BlackRock TCP Capital Corp. (2.00%), Gladstone Capital Co. (1.25%), Gladstone Investment Co. (8.46%), Diamond Hill Investment Group, Inc. (0.99%), Stellus Capital Investment Co. (0.80%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.71 billion), Charter Communications, Inc. ($4.05 billion), Lucid Group, Inc. ($2.70 billion), Rivian Automotive, Inc. ($2.50 billion), HP Inc. ($2.40 billion), GameStop Corp. ($2.04 billion), Wayfair Inc. ($1.89 billion), Plug Power Inc. ($1.87 billion), Live Nation Entertainment, Inc. ($1.82 billion), and Teladoc Health, Inc. ($1.80 billion). View all of the most shorted stocks.

Short selling PNNT is an investing strategy that aims to generate trading profit from PennantPark Investment as its price is falling. PNNT shares are trading up $0.05 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 PennantPark Investment occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PNNT, 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 PNNT, twice per month. The most recent reporting period available is March, 31 2022.