Pharol, SGPS (PTGCY) Short Interest Ratio & Short Volume

Short interest is the volume of Pharol, SGPS shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 177,100 shares of PTGCY short. Learn More on Pharol, SGPS's 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. PTGCY shares currently have a short interest ratio of 2.0. Learn More on Pharol, SGPS's short interest ratio.

Pharol, SGPS saw a decrease in short interest in August. As of August 31st, there was short interest totaling 177,100 shares, a decrease of 5.4% from the previous total of 187,300 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.

Here is how the short interest of companies in the sector of "utilities" compare to Pharol, SGPS: Brooge Energy Limited (1.33%), Ellomay Capital Ltd. (0.00%), Pure Cycle Co. (1.14%), H2O Innovation Inc. (0.03%), Global Water Resources, Inc. (0.83%), Artesian Resources Co. (1.69%), B Communications Ltd (0.00%), Consolidated Water Co. Ltd. (3.37%), Genie Energy Ltd. (5.81%), The York Water Company (1.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.22 billion), Aon plc ($3.37 billion), The Clorox Company ($3.22 billion), The Charles Schwab Co. ($2.86 billion), The Kroger Co. ($2.04 billion), Simon Property Group, Inc. ($1.87 billion), Moderna, Inc. ($1.82 billion), International Flavors & Fragrances Inc. ($1.74 billion), Iron Mountain Incorporated ($1.68 billion), and C.H. Robinson Worldwide, Inc. ($1.65 billion). View all of the most shorted stocks.

Short selling PTGCY is an investing strategy that aims to generate trading profit from Pharol, SGPS as its price is falling. PTGCY shares are trading up $0.01 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 Pharol, SGPS 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 PTGCY, 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 PTGCY, twice per month. The most recent reporting period available is August, 31 2020.