Pilgrim Petroleum (PGPM) Short Interest Ratio & Short Volume

Short interest is the volume of Pilgrim Petroleum shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 73,100 shares of PGPM short. Learn More on Pilgrim Petroleum's current short interest.

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.34 billion), Occidental Petroleum Corporation ($4.15 billion), T. Rowe Price Group, Inc. ($2.41 billion), Diamondback Energy, Inc. ($2.05 billion), Coinbase Global, Inc. ($1.75 billion), Lucid Group, Inc. ($1.66 billion), Pacific Gas & Electric Co. ($1.62 billion), Rivian Automotive, Inc. ($1.62 billion), Etsy, Inc. ($1.61 billion), and Old Dominion Freight Line, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling PGPM is an investing strategy that aims to generate trading profit from Pilgrim Petroleum 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 Pilgrim Petroleum 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 PGPM, 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 PGPM, twice per month. The most recent reporting period available is November, 15 2022.