Pure Energy Minerals (PEMIF) Short Interest Ratio & Short Volume

Short interest is the volume of Pure Energy Minerals shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 20,600 shares of PEMIF short. Learn More on Pure Energy Minerals' current short interest.

Pure Energy Minerals saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,600 shares, an increase of 3.5% from the previous total of 19,900 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.

Here is how the short interest of companies in the industry of "metal mining" compare to Pure Energy Minerals: Paramount Gold Nevada Corp. (0.07%), Mountain Province Diamonds Inc. (0.05%), Avalon Advanced Materials Inc. (0.01%), Lomiko Metals Inc. (0.01%), Verify Smart Corp. (0.00%), New Age Metals Inc. (0.02%), Lithium Co. (0.02%), Silver Bull Resources, Inc. (0.04%), Thunder Mountain Gold, Inc. (0.01%), Pelangio Exploration Inc. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling PEMIF is an investing strategy that aims to generate trading profit from Pure Energy Minerals as its price is falling. PEMIF 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 Pure Energy Minerals 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 PEMIF, 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 PEMIF, twice per month. The most recent reporting period available is May, 15 2024.