SandRidge Permian Trust (PERS) Short Interest Ratio & Short Volume

Short interest is the volume of SandRidge Permian Trust shares that have been sold short but have not yet been closed out or covered. As of December 15th, traders have sold 27,600 shares of PERS short. Learn More on SandRidge Permian Trust's 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. PERS shares currently have a short interest ratio of 0.1. Learn More on SandRidge Permian Trust's short interest ratio.

Here is how the short interest of companies in the industry of "misc." compare to SandRidge Permian Trust: FBS Global Limited (8.78%), WF Holding Limited (0.50%), JE Cleantech Holdings Limited (2.88%), Lenovo Group Ltd. (0.01%), Amcor PLC (7.87%), DiaSorin S.p.A. (0.51%), Tri Continental Corporation (1.67%), General American Investors, Inc. (0.01%), Inv Vk Mun Opp (0.17%), and Invvlu Mu Incm (0.29%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($10.20 billion), S&P Global Inc. ($9.27 billion), Canadian Pacific Kansas City Limited ($8.89 billion), Charter Communications, Inc. ($4.91 billion), Palo Alto Networks, Inc. ($3.82 billion), Wayfair Inc. ($3.47 billion), Lucid Group, Inc. ($3.06 billion), Zscaler, Inc. ($2.54 billion), Teladoc Health, Inc. ($2.27 billion), and Datadog, Inc. ($2.24 billion). View all of the most shorted stocks.

Short selling PERS is an investing strategy that aims to generate trading profit from SandRidge Permian Trust as its price is falling. PERS shares are trading down $0.00 today. 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 SandRidge Permian Trust 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 PERS, 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 PERS, twice per month. The most recent reporting period available is December, 15 2021.