Pengrowth Energy (PGHEF) Short Interest Ratio & Short Volume

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. PGHEF shares currently have a short interest ratio of 0.2. Learn More on Pengrowth Energy's short interest ratio.

Pengrowth Energy saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 304,400 shares, a drop of 65.0% from the previous total of 869,700 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 industry of "petroleum and natural gas" compare to Pengrowth Energy: Energy & Technology Corp. (0.00%), Western Energy Services Corp. (0.00%), Prairie Operating Co. (23.93%), Permianville Royalty Trust (0.03%), KLX Energy Services Holdings, Inc. (6.87%), Blue Dolphin Energy Co. (0.22%), Recon Technology, Ltd. (0.03%), VOC Energy Trust (0.09%), U.S. Energy Corp. (8.89%), Houston American Energy Corp (2.11%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($14.83 billion), Netflix, Inc. ($7.72 billion), Advanced Micro Devices, Inc. ($4.69 billion), Charter Communications, Inc. ($4.67 billion), Microchip Technology Incorporated ($3.40 billion), Centene Corporation ($3.26 billion), Match Group Inc. ($2.67 billion), Teladoc Health, Inc. ($2.31 billion), Snap Inc. ($2.24 billion), and Wayfair Inc. ($2.22 billion). View all of the most shorted stocks.

Short selling PGHEF is an investing strategy that aims to generate trading profit from Pengrowth Energy 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 Pengrowth 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 PGHEF, 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 PGHEF, twice per month. The most recent reporting period available is December, 31 2019.