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 covered or closed out. As of January 15th, investors have sold 185,900 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 during the month of January. As of January 15th, there was short interest totaling 185,900 shares, an increase of 18.6% from the previous total of 156,700 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 Quality Fund, Inc. (0.36%), Tortoise Energy Infrastructure Co. (0.10%), Tekla Life Sciences Investors (0.09%), BNY Mellon Strategic Municipals, Inc. (0.03%), Putnam Municipal Opportunities Trust (0.22%), Gladstone Capital Co. (0.87%), BlackRock MuniYield New York Quality Fund, Inc. (0.05%), BlackRock MuniHoldings New Jersey Quality Fund, Inc. (0.03%), Templeton Dragon Fund, Inc. (0.09%), and DWS Municipal Income Trust (0.11%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 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. PPT 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 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 January, 15 2023.