Pioneer Energy Services (PESXQ) Short Interest Ratio & Short Volume

Short interest is the volume of Pioneer Energy Services shares that have been sold short but have not yet been closed out or covered. As of May 29th, traders have sold 164,600 shares of PESXQ short. Learn More on Pioneer Energy Services' current short interest.

Pioneer Energy Services saw a increase in short interest during the month of May. As of May 29th, there was short interest totaling 164,600 shares, an increase of 3.5% from the previous total of 159,100 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.03 billion), Ecolab Inc. ($3.64 billion), Match Group, Inc. ($3.59 billion), Wayfair Inc. ($3.02 billion), Morgan Stanley ($2.87 billion), Tesla, Inc. ($2.69 billion), The Charles Schwab Co. ($2.64 billion), The Clorox Company ($2.50 billion), Zillow Group, Inc. ($1.86 billion), and International Flavors & Fragrances Inc. ($1.85 billion). View all of the most shorted stocks.

Short selling PESXQ is an investing strategy that aims to generate trading profit from Pioneer Energy Services as its price is falling. PESXQ shares are trading up $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 Pioneer Energy Services occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PESXQ, 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 PESXQ, twice per month. The most recent reporting period available is May, 29 2020.