Hermitage Offshore Services (PSV) Short Interest Ratio & Short Volume

Short interest is the volume of Hermitage Offshore Services shares that have been sold short but have not yet been covered or closed out. As of August 31st, investors have sold 929,000 shares of PSV short. 6.31% of Hermitage Offshore Services' shares are currently sold short. Learn More on Hermitage Offshore Services' current short interest.

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. 6.31% of Hermitage Offshore Services' floating shares are currently sold short.

Hermitage Offshore Services saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 929,000 shares, an increase of 81.6% from the previous total of 511,700 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.

Hermitage Offshore Services currently has issued a total of 31,330,000 shares. Some of Hermitage Offshore Services' 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. Hermitage Offshore Services currently has a public float of 14,720,000 shares.

6.31% of Hermitage Offshore Services' shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to Hermitage Offshore Services: C3is Inc. (2.09%), Dynagas LNG Partners LP (0.04%), Euronav NV (14.81%), Grindrod Shipping Holdings Ltd. (0.28%), Okeanis Eco Tankers Corp. (0.48%), Freight Technologies, Inc. (1.80%), OceanPal Inc. (2.51%), USD Partners LP (0.13%), AirNet Technology Inc. (1.24%), Rail Vision Ltd. (14.41%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.22 billion), Aon plc ($3.37 billion), The Clorox Company ($3.22 billion), The Charles Schwab Co. ($2.86 billion), The Kroger Co. ($2.04 billion), Simon Property Group, Inc. ($1.87 billion), Moderna, Inc. ($1.82 billion), International Flavors & Fragrances Inc. ($1.74 billion), Iron Mountain Incorporated ($1.68 billion), and C.H. Robinson Worldwide, Inc. ($1.65 billion). View all of the most shorted stocks.

Short selling PSV is an investing strategy that aims to generate trading profit from Hermitage Offshore Services 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 Hermitage Offshore Services 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 PSV, 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 PSV, twice per month. The most recent reporting period available is August, 31 2020.