Project Energy Reimagined Acquisition (PEGRU) Short Interest Ratio & Short Volume

Short interest is the volume of Project Energy Reimagined Acquisition shares that have been sold short but have not yet been closed out or covered. As of July 15th, traders have sold 10,800 shares of PEGRU short. 0.04% of Project Energy Reimagined Acquisition's shares are currently sold short. Learn More on Project Energy Reimagined Acquisition'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. PEGRU shares currently have a short interest ratio of 12.0. Learn More on Project Energy Reimagined Acquisition's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.04% of Project Energy Reimagined Acquisition's floating shares are currently sold short.

Project Energy Reimagined Acquisition saw a decline in short interest in July. As of July 15th, there was short interest totaling 10,800 shares, a decline of 5.3% from the previous total of 11,400 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.

Project Energy Reimagined Acquisition currently has issued a total of 0 shares. Some of Project Energy Reimagined Acquisition's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Project Energy Reimagined Acquisition currently has a public float of 26,377,700 shares.

0.04% of Project Energy Reimagined Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "trading" compare to Project Energy Reimagined Acquisition: Black Hawk Acquisition Co. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling PEGRU is an investing strategy that aims to generate trading profit from Project Energy Reimagined Acquisition as its price is falling. PEGRU shares are trading up $1.00 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 Project Energy Reimagined Acquisition 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 PEGRU, 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 PEGRU, twice per month. The most recent reporting period available is July, 15 2024.