Petroteq Energy Short Interest Ratio and Short Volume

Short interest is the volume of Petroteq Energy shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 170,900 shares of PQEFF short. Learn More on Petroteq Energy's current short interest.

Petroteq Energy saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 170,900 shares, a drop of 92.3% from the previous total of 2,222,500 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 Petroteq Energy's shares are currently sold short. Here is how the short interest of companies in the industry of "drilling oil & gas wells" compare to Petroteq Energy: Helmerich & Payne, Inc. (7.07%), Transocean Ltd. (12.17%), Patterson-UTI Energy, Inc. (7.48%), HighPeak Energy, Inc. (2.98%), Oasis Midstream Partners LP (7.33%), Nabors Industries Ltd. (6.68%), Precision Drilling Co. (1.42%), Borr Drilling Limited (3.34%), Seadrill Limited (0.00%), and Fast Track Solutions Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($8.32 billion), AstraZeneca PLC ($8.20 billion), Square, Inc. ($7.79 billion), Analog Devices, Inc. ($7.16 billion), S&P Global Inc. ($7.07 billion), Aon plc ($6.17 billion), Charter Communications, Inc. ($5.38 billion), Wayfair Inc. ($4.80 billion), AMC Entertainment Holdings, Inc. ($4.28 billion), and Snowflake Inc. ($3.19 billion). View all of the most shorted stocks.

Short selling PQEFF is an investing strategy that aims to generate trading profit from Petroteq Energy as its price is falling. To short Petroteq Energy 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 Petroteq Energy 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 Petroteq Energy 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 PQEFF, 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 PQEFF, twice per month. The most recent reporting period available is June, 30 2021.