Phillips 66 Partners (PSXP) Short Interest Ratio & Short Volume

Short interest is the volume of Phillips 66 Partners shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 6,840,000 shares of PSXP short. 12.65% of Phillips 66 Partners' shares are currently sold short. Learn More on Phillips 66 Partners' 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. PSXP shares currently have a short interest ratio of 10.0. Learn More on Phillips 66 Partners's short interest ratio.

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. 12.65% of Phillips 66 Partners' floating shares are currently sold short.

Phillips 66 Partners saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 6,840,000 shares, an increase of 17.7% from the previous total of 5,810,000 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 Partners currently has issued a total of 228,340,000 shares. Some of Phillips 66 Partners' 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 Partners currently has a public float of 54,080,000 shares.

12.65% of Phillips 66 Partners' shares are currently sold short. Here is how the short interest of companies in the sector of "energy" compare to Phillips 66 Partners: Plains All American Pipeline, L.P. (2.38%), Baker Hughes Company (2.40%), Targa Resources, Inc. (2.13%), EQT Corporation (3.02%), Woodside Energy Group Ltd (0.09%), Cheniere Energy Partners, L.P. (0.37%), Cenovus Energy Inc (3.96%), Texas Pacific Land Corporation (7.44%), Pembina Pipeline Corp. (1.07%), Devon Energy Corporation (2.76%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.23 billion), Charter Communications, Inc. ($6.03 billion), Palo Alto Networks, Inc. ($3.16 billion), Lucid Group, Inc. ($2.77 billion), Snap Inc. ($2.53 billion), Datadog, Inc. ($2.53 billion), Rivian Automotive, Inc. ($2.30 billion), Wayfair Inc. ($2.30 billion), Booking Holdings Inc. ($2.18 billion), and Carnival Corporation ($1.96 billion). View all of the most shorted stocks.

Short selling PSXP is an investing strategy that aims to generate trading profit from Phillips 66 Partners 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 Phillips 66 Partners 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 PSXP, 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 PSXP, twice per month. The most recent reporting period available is February, 15 2022.