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Prudential Financial Short Interest Ratio and Short Volume

+0.62 (+0.95 %)
(As of 10/20/2020 12:00 AM ET)
Today's Range
Now: $66.22
50-Day Range
MA: $66.55
52-Week Range
Now: $66.22
Volume1.31 million shs
Average Volume3.05 million shs
Market Capitalization$26.16 billion
P/E RatioN/A
Dividend Yield6.71%

Short Interest

Prudential Financial (NYSE:PRU) Short Interest Data

Current Short Volume:6,290,000 shares
Previous Short Volume:7,290,000 shares
Change Vs. Previous Month:-13.72%
Dollar Volume Sold Short:$417.66 million
Short Interest Ratio / Days to Cover:3.0
Last Record Date:September, 30 2020
Outstanding Shares:406,000,000 shares
Float Size:393,870,000 shares
Short Percent of Float:1.60%
Today's Trading Volume:1,308,707 shares
Average Trading Volume:3,048,482 shares
Today's Volume Vs. Average:-57.07%

Prudential Financial (NYSE:PRU) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
9/30/20206,290,000 $417.66 million -13.7%1.6%2.7$66.40
9/15/20207,290,000 $452.56 million -6.4%1.9%2.9$62.08
8/31/20207,790,000 $522.71 million 0.1%2.0%2.9$67.10
8/14/20207,780,000 $529.04 million -16.6%2.0%2.5$68.00
7/31/20209,330,000 $648.44 million -9.8%2.4%2.9$69.50
7/15/202010,340,000 $655.25 million -8.8%2.6%3.2$63.37
6/30/202011,340,000 $736.08 million 15.8%2.9%3.3$64.91
6/15/20209,790,000 $578.20 million -1.1%2.5%2.6$59.06
5/29/20209,900,000 $591.03 million -1.0%2.5%2.3$59.70
5/15/202010,000,000 $609.60 million 1.6%2.5%2.4$60.96
4/30/20209,840,000 $621.89 million 14.7%2.5%2.5$63.20
4/15/20208,580,000 $489.49 million 17.1%2.2%2.2$57.05
3/31/20207,330,000 $408.87 million 2.2%1.9%2$55.78
3/13/20207,175,400 $421.20 million 48.3%1.8%3.1$58.70
2/28/20204,840,000 $189.82 million 3.4%1.2%2.1$39.22
2/14/20204,680,000 $294.23 million -1.9%1.2%2.5$62.87
1/31/20204,770,000 $390.76 million -3.1%1.2%2.4$81.92
1/15/20204,920,000 $471.68 million 16.0%1.2%2.4$95.87
12/31/20194,240,000 $396.52 million -15.9%1.1%2.2$93.52
8/15/20194,509,300 $358.99 million -0.7%1.1%2.3$79.61

Prudential Financial (NYSE:PRU) Short Interest FAQ

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What is Prudential Financial's current short interest?

Short interest is the volume of Prudential Financial shares that have been sold short but have not yet been covered or closed out. As of September 30th, traders have sold 6,290,000 shares of PRU short. 1.60% of Prudential Financial's shares are currently sold short. View details.

What is a good short interest ratio for Prudential Financial?

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. Prudential Financial currently has a short interest ratio of 3.0.

What is a good short interest percentage for Prudential Financial?

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. 1.60% of Prudential Financial's floating shares are currently sold short.

Is Prudential Financial's short interest increasing or decreasing?

Prudential Financial saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,290,000 shares, a drop of 13.7% from the previous total of 7,290,000 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.

What is Prudential Financial's float size?

Prudential Financial currently has issued a total of 395,000,000 shares. Some of Prudential Financial'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. Prudential Financial currently has a public float of 393,870,000 shares.

How does Prudential Financial's short interest compare to its competitors?

1.60% of Prudential Financial's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "life & health insurance" compare to Prudential Financial: MetLife, Inc. (1.37%), AFLAC Incorporated (1.46%), Lincoln National Co. (5.36%), Primerica, Inc. (1.25%), Unum Group (3.74%), CNO Financial Group, Inc. (2.47%), American Equity Investment Life Holding (3.87%), FBL Financial Group (2.40%), National Western Life Group, Inc. (0.45%), and Independence Holding (1.66%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group Inc ($1.88 billion). View all of the most shorted stocks.

What does it mean to sell short Prudential Financial stock?

Short selling PRU is an investing strategy that aims to generate trading profit from Prudential Financial as its price is falling. Prudential Financial's stock is trading up $0.62 today. To short Prudential Financial 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 Prudential Financial 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.

How does a short squeeze work against Prudential Financial?

A short squeeze for Prudential Financial 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 PRU, which in turn drives the price of the stock up even further.

How often is Prudential Financial's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PRU, twice per month. The most recent reporting period available is September, 30 2020.

This page was last updated on 10/21/2020 by MarketBeat.com Staff

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