PyroGenesis Canada (PYRNF) Short Interest Ratio & Short Volume

Short interest is the volume of PyroGenesis Canada shares that have been sold short but have not yet been closed out or covered. As of February 26th, investors have sold 495,700 shares of PYRNF short. Learn More on PyroGenesis Canada's current short interest.

PyroGenesis Canada saw a decrease in short interest in the month of February. As of February 26th, there was short interest totaling 495,700 shares, a decrease of 15.9% from the previous total of 589,200 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: Aon plc ($5.72 billion), Analog Devices, Inc. ($5.42 billion), Charter Communications, Inc. ($4.94 billion), Snap Inc. ($3.85 billion), Airbnb, Inc. ($2.46 billion), Warner Bros. Discovery, Inc. ($2.34 billion), Futu Holdings Limited ($2.31 billion), The Kroger Co. ($2.05 billion), Palo Alto Networks, Inc. ($1.89 billion), and Marathon Petroleum Co. ($1.87 billion). View all of the most shorted stocks.

Short selling PYRNF is an investing strategy that aims to generate trading profit from PyroGenesis Canada as its price is falling. PYRNF 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 PyroGenesis Canada 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 PYRNF, 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 PYRNF, twice per month. The most recent reporting period available is February, 26 2021.