Pure Global Cannabis (PRCNF) Short Interest Ratio & Short Volume

Short interest is the volume of Pure Global Cannabis shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 14,600 shares of PRCNF short. Learn More on Pure Global Cannabis' current short interest.

Pure Global Cannabis saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,600 shares, a decline of 45.7% from the previous total of 26,900 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.

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 PRCNF is an investing strategy that aims to generate trading profit from Pure Global Cannabis as its price is falling. PRCNF shares are trading up $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 Pure Global Cannabis 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 PRCNF, 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 PRCNF, twice per month. The most recent reporting period available is March, 31 2021.