ProPetro Short Interest Ratio and Short Volume

ProPetro (NYSE:PUMP) Short Interest Frequently Asked Questions

What is ProPetro's current short interest?

Short interest is the volume of ProPetro shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 1,900,000 shares of PUMP short. 2.49% of ProPetro's shares are currently sold short. Learn More on ProPetro's current short interest.

What is a good short interest ratio for ProPetro?

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. ProPetro currently has a short interest ratio of 2.0. Learn More on a good short interest ratio for ProPetro

Which institutional investors are shorting ProPetro?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of ProPetro: Jane Street Group LLC, UBS Group AG, Citadel Advisors LLC, Caption Management LLC, and Wolverine Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for ProPetro?

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. 2.49% of ProPetro's floating shares are currently sold short.

Is ProPetro's short interest increasing or decreasing?

ProPetro saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 1,900,000 shares, a decline of 11.2% from the previous total of 2,140,000 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 ProPetro's float size?

ProPetro currently has issued a total of 103,371,000 shares. Some of ProPetro'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. ProPetro currently has a public float of 76,210,000 shares.

How does ProPetro's short interest compare to its competitors?

2.49% of ProPetro's shares are currently sold short. Here is how the short interest of companies in the industry of "oil & gas field services, not elsewhere classified" compare to ProPetro: Liberty Oilfield Services Inc. (5.56%), Oceaneering International, Inc. (2.29%), Core Laboratories (6.27%), National Energy Services Reunited Corp. (1.58%), RPC, Inc. (10.86%), NexTier Oilfield Solutions Inc. (2.87%), Select Energy Services, Inc. (2.12%), Helix Energy Solutions Group, Inc. (5.09%), North American Construction Group Ltd. (0.74%), and Ranger Energy Services, Inc. (0.14%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($11.06 billion), S&P Global Inc. ($8.74 billion), Charter Communications, Inc. ($5.66 billion), Canadian Pacific Railway Limited ($5.43 billion), Wayfair Inc. ($4.23 billion), Palo Alto Networks, Inc. ($3.46 billion), DoorDash, Inc. ($3.41 billion), Teladoc Health, Inc. ($2.84 billion), Etsy, Inc. ($2.76 billion), and Zscaler, Inc. ($2.62 billion). View all of the most shorted stocks.

What does it mean to sell short ProPetro stock?

Short selling PUMP is an investing strategy that aims to generate trading profit from ProPetro as its price is falling. ProPetro's stock is trading up $0.32 today. To short ProPetro 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 ProPetro 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 ProPetro?

A short squeeze for ProPetro 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 PUMP, which in turn drives the price of the stock up even further.

How often is ProPetro'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 PUMP, twice per month. The most recent reporting period available is November, 15 2021.