Puradyn Filter Technologies (PFTI) Short Interest Ratio & Short Volume

Short interest is the volume of Puradyn Filter Technologies shares that have been sold short but have not yet been covered or closed out. As of May 31st, traders have sold 18,200 shares of PFTI short. Learn More on Puradyn Filter Technologies' 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. PFTI shares currently have a short interest ratio of 1.0. Learn More on Puradyn Filter Technologies's short interest ratio.

Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Puradyn Filter Technologies: Unique Fabricating, Inc. (4.58%), BYD Company Limited (0.06%), Chijet Motor Company, Inc. (0.40%), China Yuchai International Limited (0.01%), Ferrari (1.33%), Porsche Automobil Holding SE (0.00%), Renault SA (0.00%), VinFast Auto Ltd. (12.33%), U Power Limited (7.70%), AEye, Inc. (6.44%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling PFTI is an investing strategy that aims to generate trading profit from Puradyn Filter Technologies 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 Puradyn Filter Technologies 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 PFTI, 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 PFTI, twice per month. The most recent reporting period available is May, 31 2023.