Ping An Insurance (Group) Company of China Short Interest Ratio and Short Volume

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Short Interest Frequently Asked Questions

What is Ping An Insurance (Group) Company of China's current short interest?

Short interest is the volume of Ping An Insurance (Group) Company of China shares that have been sold short but have not yet been covered or closed out. As of September 30th, investors have sold 155,800 shares of PNGAY short. Learn More on Ping An Insurance (Group) Company of China's current short interest.

Is Ping An Insurance (Group) Company of China's short interest increasing or decreasing?

Ping An Insurance (Group) Company of China saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 155,800 shares, an increase of 1,316.4% from the previous total of 11,000 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.

How does Ping An Insurance (Group) Company of China's short interest compare to its competitors?

0.00% of Ping An Insurance (Group) Company of China's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Ping An Insurance (Group) Company of China: JPMorgan Chase & Co. (0.63%), Bank of America Co. (0.93%), China Merchants Bank Co., Ltd. (0.00%), Wells Fargo & Company (1.12%), Industrial and Commercial Bank of China Limited (0.00%), Invesco QQQ Trust (0.00%), Sea Limited (0.00%), Morgan Stanley (1.08%), China Construction Bank Co. (0.00%), and Royal Bank of Canada (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Railway Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Video Communications, Inc. ($2.87 billion), Match Group, Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 billion). View all of the most shorted stocks.

What does it mean to sell short Ping An Insurance (Group) Company of China stock?

Short selling PNGAY is an investing strategy that aims to generate trading profit from Ping An Insurance (Group) Company of China as its price is falling. Ping An Insurance (Group) Company of China's stock is trading down $0.04 today. To short Ping An Insurance (Group) Company of China 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 Ping An Insurance (Group) Company of China 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.

How does a short squeeze work against Ping An Insurance (Group) Company of China?

A short squeeze for Ping An Insurance (Group) Company of China 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 PNGAY, which in turn drives the price of the stock up even further.

How often is Ping An Insurance (Group) Company of China's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PNGAY, twice per month. The most recent reporting period available is September, 30 2021.