Presto Automation (PRSTW) Short Interest Ratio & Short Volume

Short interest is the volume of Presto Automation shares that have been sold short but have not yet been closed out or covered. As of July 31st, traders have sold 24,000 shares of PRSTW short. Learn More on Presto Automation's current short interest.

Here is how the short interest of companies in the sector of "computer and technology" compare to Presto Automation: Dynatrace, Inc. (2.46%), Clearwater Analytics Holdings, Inc. (5.99%), Donnelley Financial Solutions, Inc. (4.34%), Daily Journal Co. (4.32%), BigCommerce Holdings, Inc. (13.01%), Cerence Inc. (15.41%), Wag! Group Co. (6.08%), Blackboxstocks Inc. (1.06%), Nukkleus Inc. (4.92%), Freight Technologies, Inc. (2.24%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.45 billion), Moderna, Inc. ($2.69 billion), Royal Caribbean Cruises Ltd. ($2.55 billion), Paychex, Inc. ($2.13 billion), Rivian Automotive, Inc. ($1.96 billion), Onsemi ($1.94 billion), Tractor Supply ($1.84 billion), Enphase Energy, Inc. ($1.77 billion), Chesapeake Energy Co. ($1.69 billion), and International Paper ($1.54 billion). View all of the most shorted stocks.

Short selling PRSTW is an investing strategy that aims to generate trading profit from Presto Automation 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 Presto Automation 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 PRSTW, 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 PRSTW, twice per month. The most recent reporting period available is July, 31 2024.