PT Bumi Resources Tbk Short Interest Ratio and Short Volume

Short interest is the volume of PT Bumi Resources Tbk shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 700 shares of PBMRF short.

0.00% of PT Bumi Resources Tbk's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to PT Bumi Resources Tbk: Aben Resources Ltd. (0.00%), Acadian Timber Corp. (0.00%), ADBRI Limited (0.00%), Adriatic Metals PLC (0.00%), Adventus Mining Co. (0.00%), Aftermath Silver Ltd. (0.00%), Akzo Nobel (0.00%), Alacer Gold Corp. (0.00%), Almonty Industries Inc. (0.00%), and American Battery Metals Co. (0.00%).

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), ViacomCBS Inc. ($2.64 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), and Iron Mountain Incorporated ($1.68 billion). View all of the most shorted stocks.

Short selling PBMRF is an investing strategy that aims to generate trading profit from PT Bumi Resources Tbk as its price is falling. To short PT Bumi Resources Tbk 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 PT Bumi Resources Tbk 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 PT Bumi Resources Tbk 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 PBMRF, 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 PBMRF, twice per month. The most recent reporting period available is August, 31 2020.