Putnam Premier Income Trust (PPT) Short Interest Ratio & Short Volume

Short interest is the volume of Putnam Premier Income Trust shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 124,600 shares of PPT short. Learn More on Putnam Premier Income 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. PPT shares currently have a short interest ratio of 1.0. Learn More on Putnam Premier Income Trust's short interest ratio.

Putnam Premier Income Trust saw a increase in short interest in February. As of February 15th, there was short interest totaling 124,600 shares, an increase of 23.5% from the previous total of 100,900 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 Premier Income Trust: BlackRock MuniYield Michigan Quality Fund, Inc. (0.01%), Source Capital, Inc. (0.10%), Barings Corporate Investors (0.00%), Abrdn Life Sciences Investors (0.08%), BlackRock MuniHoldings New York Quality Fund, Inc. (0.17%), Liberty All-Star Growth Fund, Inc. (0.05%), Putnam Municipal Opportunities Trust (4.97%), Tortoise Energy Infrastructure Co. (0.14%), Cohen & Steers Total Return Realty Fund, Inc. (0.03%), MFS Intermediate Income Trust (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

Short selling PPT is an investing strategy that aims to generate trading profit from Putnam Premier Income Trust as its price is falling. 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 Premier 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 PPT, 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 PPT, twice per month. The most recent reporting period available is February, 15 2024.