Phillips 66 (PSX) Short Interest Ratio & Short Volume

Short interest is the volume of Phillips 66 shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 8,040,000 shares of PSX short. 1.88% of Phillips 66's shares are currently sold short. Learn More on Phillips 66'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. PSX shares currently have a short interest ratio of 3.0. Learn More on Phillips 66's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Phillips 66: Portman Square Capital LLP, Readystate Asset Management LP, GTS Securities LLC, Barclays PLC, Westchester Capital Management LLC, Wolverine Trading LLC, Parallax Volatility Advisers L.P., HAP Trading LLC, Caas Capital Management LP, Citadel Advisors LLC, Clear Street Markets LLC, Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Balyasny Asset Management L.P., Verition Fund Management LLC, Capital Fund Management S.A., PEAK6 Investments LLC, Optiver Holding B.V., Eisler Capital UK Ltd., Goldman Sachs Group Inc., Capstone Investment Advisors LLC, Allianz Asset Management GmbH, IMC Chicago LLC, Wells Fargo & Company MN, UBS Group AG, BNP Paribas Financial Markets, CenterStar Asset Management LLC, Concourse Financial Group Securities Inc., Genus Capital Management Inc., and Portman Square Capital LLP. 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. 1.88% of Phillips 66's floating shares are currently sold short.

Phillips 66 saw a drop in short interest in March. As of March 31st, there was short interest totaling 8,040,000 shares, a drop of 7.7% from the previous total of 8,710,000 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.

Phillips 66 currently has issued a total of 427,820,000 shares. Some of Phillips 66'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. Phillips 66 currently has a public float of 426,910,000 shares.

1.88% of Phillips 66's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Phillips 66: Marathon Petroleum Co. (2.14%), Valero Energy Co. (3.31%), Suncor Energy Inc. (1.51%), Equinor ASA (0.35%), BP p.l.c. (0.21%), ConocoPhillips (1.09%), Enbridge Inc. (1.16%), Pioneer Natural Resources (2.75%), Schlumberger Limited (1.36%), Enterprise Products Partners L.P. (1.30%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling PSX is an investing strategy that aims to generate trading profit from Phillips 66 as its price is falling. PSX shares are trading down $3.94 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 Phillips 66 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 PSX, 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 PSX, twice per month. The most recent reporting period available is March, 31 2024.