Prenetics Global (PRENW) Short Interest Ratio & Short Volume

Short interest is the volume of Prenetics Global shares that have been sold short but have not yet been closed out or covered. As of October 15th, traders have sold 1,600 shares of PRENW short. Learn More on Prenetics Global's current short interest.

Prenetics Global saw a decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,600 shares, a decline of 78.9% from the previous total of 7,600 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 "measuring and control equipment" compare to Prenetics Global: Trane Technologies plc (0.96%), Keysight Technologies, Inc. (1.22%), Fortive Co. (1.01%), Veralto Co. (1.31%), Teradyne, Inc. (2.97%), Avantor, Inc. (4.86%), Revvity, Inc. (3.19%), Nova Ltd. (4.48%), Sensata Technologies Holding plc (2.30%), Vontier Co. (1.95%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling PRENW is an investing strategy that aims to generate trading profit from Prenetics Global as its price is falling. 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 Prenetics Global 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 PRENW, 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 PRENW, twice per month. The most recent reporting period available is October, 15 2024.