Prime Meridian (PMHG) Short Interest Ratio & Short Volume

Short interest is the volume of Prime Meridian shares that have been sold short but have not yet been covered or closed out. As of July 15th, investors have sold 100 shares of PMHG short. Learn More on Prime Meridian's current short interest.

Prime Meridian saw a drop in short interest in July. As of July 15th, there was short interest totaling 100 shares, a drop of 98.0% from the previous total of 5,000 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 "banking" compare to Prime Meridian: First Internet Bancorp (2.07%), Fidelity D & D Bancorp, Inc. (1.25%), Northeast Community Bancorp, Inc. (1.28%), Lesaka Technologies, Inc. (0.13%), First Bank (0.63%), LexinFintech Holdings Ltd. (0.36%), Southern States Bancshares, Inc. (1.09%), Southern First Bancshares, Inc. (0.74%), Civista Bancshares, Inc. (0.80%), LINKBANCORP, Inc. (1.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling PMHG is an investing strategy that aims to generate trading profit from Prime Meridian as its price is falling. PMHG shares are trading up $0.11 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 Prime Meridian 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 PMHG, 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 PMHG, twice per month. The most recent reporting period available is July, 15 2024.