Pgs Asa Short Interest Ratio and Short Volume

Short interest is the volume of Pgs Asa shares that have been sold short but have not yet been closed out or covered. As of February 12th, investors have sold 48,100 shares of PGSVY short.

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. Pgs Asa currently has a short interest ratio of 5.0.

Pgs Asa saw a increase in short interest in February. As of February 12th, there was short interest totaling 48,100 shares, an increase of 1.7% from the previous total of 47,300 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.

0.00% of Pgs Asa's shares are currently sold short. Here is how the short interest of companies in the industry of "oil & gas exploration services" compare to Pgs Asa: Public Joint Stock Company Gazprom (0.00%), Glencore plc (0.00%), Pembina Pipeline Co. (0.88%), Inpex Co. (0.00%), Paramount Resources Ltd. (0.00%), CGG (0.00%), Africa Oil Corp. (0.00%), Premier Oil plc (0.00%), Zion Oil & Gas, Inc. (0.00%), and Dawson Geophysical (0.14%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling PGSVY is an investing strategy that aims to generate trading profit from Pgs Asa as its price is falling. Pgs Asa's stock is trading up $0.01 today. To short Pgs Asa 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 Pgs Asa 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 Pgs Asa 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 PGSVY, 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 PGSVY, twice per month. The most recent reporting period available is February, 12 2021.