Paringa Resources Short Interest Ratio and Short Volume

Short interest is the volume of Paringa Resources shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 4,200 shares of PNGZF short.

Paringa Resources saw a increase in short interest in July. As of July 15th, there was short interest totaling 4,200 shares, an increase of ∞ from the previous total of 0 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 Paringa Resources' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Paringa Resources: Exxon Mobil Co. (1.25%), Chevron Co. (0.64%), Linde plc (0.80%), Total Se (0.09%), BP p.l.c. (0.29%), Enbridge Inc. (0.24%), Public Joint Stock Company Gazprom (0.00%), China Petroleum & Chemical Co. (0.00%), PetroChina Company Limited (0.11%), and Equinor ASA (0.19%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($18.18 billion), Wayfair Inc. ($4.43 billion), Aon Plc ($2.78 billion), The Clorox Company ($2.68 billion), The Charles Schwab Co. ($2.64 billion), ViacomCBS Inc. ($2.01 billion), Snap Inc. ($2.00 billion), The Kroger Co. ($1.99 billion), Zillow Group, Inc. ($1.95 billion), and DocuSign, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling PNGZF is an investing strategy that aims to generate trading profit from Paringa Resources as its price is falling. To short Paringa Resources 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 Paringa Resources 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 Paringa Resources 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 PNGZF, 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 PNGZF, twice per month. The most recent reporting period available is July, 15 2020.