Pernod Ricard (PDRDY) Short Interest Ratio & Short Volume

Short interest is the volume of Pernod Ricard shares that have been sold short but have not yet been covered or closed out. As of October 29th, investors have sold 76,700 shares of PDRDY short. Learn More on Pernod Ricard's current short interest.

Pernod Ricard saw a drop in short interest in October. As of October 29th, there was short interest totaling 76,700 shares, a drop of 23.4% from the previous total of 100,100 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.

Here is how the short interest of companies in the sector of "consumer staples" compare to Pernod Ricard: Constellation Brands, Inc. (0.80%), Keurig Dr Pepper Inc. (1.10%), Ambev S.A. (0.07%), Diageo plc (0.24%), Brown-Forman Co. (0.77%), PepsiCo, Inc. (0.94%), The Coca-Cola Company (0.54%), British American Tobacco p.l.c. (0.13%), Colgate-Palmolive (1.10%), Monster Beverage Co. (1.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($8.61 billion), Advanced Micro Devices, Inc. ($8.44 billion), Charter Communications, Inc. ($5.26 billion), Canadian Pacific Kansas City Limited ($5.13 billion), Wayfair Inc. ($4.34 billion), Uber Technologies, Inc. ($3.69 billion), Palo Alto Networks, Inc. ($3.35 billion), Teladoc Health, Inc. ($3.11 billion), eBay Inc. ($2.91 billion), and Etsy, Inc. ($2.63 billion). View all of the most shorted stocks.

Short selling PDRDY is an investing strategy that aims to generate trading profit from Pernod Ricard 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 Pernod Ricard 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 PDRDY, 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 PDRDY, twice per month. The most recent reporting period available is October, 29 2021.