Peninsula Energy Short Interest Ratio and Short Volume

Short interest is the volume of Peninsula Energy shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 44,000 shares of PENMF short. Learn More on Peninsula Energy's current short interest.

Peninsula Energy saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 44,000 shares, a decrease of 93.3% from the previous total of 661,600 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.

0.00% of Peninsula Energy's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to Peninsula Energy: Universal Stainless & Alloy Products, Inc. (0.16%), United States Antimony Co. (2.18%), Golden Minerals (6.31%), Augusta Gold Corp. (0.00%), China Green Agriculture, Inc. (2.66%), Western Uranium & Vanadium Corp. (0.00%), Theta Gold Mines Limited (0.00%), Mountain Province Diamonds Inc. (0.00%), U.S. Gold Corp. (0.22%), and Loncor Gold Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($8.32 billion), AstraZeneca PLC ($8.20 billion), Square, Inc. ($7.79 billion), Analog Devices, Inc. ($7.16 billion), S&P Global Inc. ($7.07 billion), Aon plc ($6.17 billion), Charter Communications, Inc. ($5.38 billion), Wayfair Inc. ($4.80 billion), AMC Entertainment Holdings, Inc. ($4.28 billion), and Snowflake Inc. ($3.19 billion). View all of the most shorted stocks.

Short selling PENMF is an investing strategy that aims to generate trading profit from Peninsula Energy as its price is falling. To short Peninsula Energy 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 Peninsula Energy 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 Peninsula Energy 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 PENMF, 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 PENMF, twice per month. The most recent reporting period available is June, 30 2021.