Patient Portal Technologies (PPRG) Short Interest Ratio & Short Volume

Short interest is the volume of Patient Portal Technologies shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 19,400 shares of PPRG short. Learn More on Patient Portal Technologies' current short interest.

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. PPRG shares currently have a short interest ratio of 4.0. Learn More on Patient Portal Technologies's short interest ratio.

Here is how the short interest of companies in the industry of "business services" compare to Patient Portal Technologies: Alta Global Group Limited (3.94%), Baosheng Media Group Holdings Limited (0.91%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.34 billion), Occidental Petroleum Corporation ($4.15 billion), T. Rowe Price Group, Inc. ($2.41 billion), Diamondback Energy, Inc. ($2.05 billion), Coinbase Global, Inc. ($1.75 billion), Lucid Group, Inc. ($1.66 billion), Pacific Gas & Electric Co. ($1.62 billion), Rivian Automotive, Inc. ($1.62 billion), Etsy, Inc. ($1.61 billion), and Old Dominion Freight Line, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling PPRG is an investing strategy that aims to generate trading profit from Patient Portal Technologies as its price is falling. PPRG shares are trading down $0.00 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 Patient Portal Technologies 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 PPRG, 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 PPRG, twice per month. The most recent reporting period available is November, 15 2022.