Premier Oil (PMOIY) Short Interest Ratio & Short Volume

Short interest is the volume of Premier Oil shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 12,300 shares of PMOIY short. Learn More on Premier Oil's current short interest.

Premier Oil saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 12,300 shares, a decline of 16.9% from the previous total of 14,800 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 compare to Premier Oil: Harbour Energy plc (0.00%), Paramount Resources Ltd. (2.62%), Africa Oil Corp. (1.02%), Viridien (0.00%), Tullow Oil plc (0.01%), Zion Oil & Gas, Inc. (0.02%), Dawson Geophysical (0.31%), NXT Energy Solutions Inc. (0.10%), Pembina Pipeline Co. (0.73%), Inpex Co. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.58 billion), Charter Communications, Inc. ($5.48 billion), Aon plc ($5.31 billion), Airbnb, Inc. ($3.01 billion), Snap Inc. ($2.99 billion), Warner Bros. Discovery, Inc. ($2.56 billion), Peloton Interactive, Inc. ($2.30 billion), The Kroger Co. ($2.29 billion), Expedia Group, Inc. ($2.23 billion), and GameStop Corp. ($2.03 billion). View all of the most shorted stocks.

Short selling PMOIY is an investing strategy that aims to generate trading profit from Premier Oil as its price is falling. PMOIY shares are trading up $0.04 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 Premier Oil 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 PMOIY, 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 PMOIY, twice per month. The most recent reporting period available is March, 31 2021.