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Patterson-UTI Energy (PTEN) Short Interest Ratio & Short Volume

Patterson-UTI Energy logo
$8.13 +0.02 (+0.25%)
(As of 11/20/2024 ET)

Patterson-UTI Energy Short Interest Data

Patterson-UTI Energy (PTEN) has a short interest of 27.33 million shares. This marks a 6.59% increase in short interest from the previous month. The short interest ratio (days to cover) is 3.5, indicating that it would take 3.5 days of the average trading volume of 9.27 million shares to cover all short positions.

Current Short Interest
27,330,000 shares
Previous Short Interest
25,640,000 shares
Change Vs. Previous Month
+6.59%
Dollar Volume Sold Short
$209.62 million
Short Interest Ratio
3.5 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
389,960,000 shares
Percentage of Shares Shorted
7.01%
Today's Trading Volume
4,545,927 shares
Average Trading Volume
9,270,024 shares
Today's Volume Vs. Average
49%
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PTEN Short Interest Over Time

PTEN Days to Cover Over Time

PTEN Percentage of Float Shorted Over Time

Patterson-UTI Energy Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/202427,330,000 shares $209.62 million +6.6%N/A3.5 $7.67
10/15/202425,640,000 shares $202.30 million -13.9%N/A3.4 $7.89
9/30/202429,770,000 shares $227.74 million +12.9%N/A4.1 $7.65
9/15/202426,370,000 shares $208.59 million +1.0%N/A3.8 $7.91
8/31/202426,110,000 shares $240.47 million -8.4%N/A3.5 $9.21
8/15/202428,490,000 shares $257.26 million +6.9%N/A3.8 $9.03
7/31/202426,660,000 shares $292.99 million -12.5%N/A3.6 $10.99
7/15/202430,450,000 shares $319.42 million -0.6%N/A4.2 $10.49
6/30/202430,620,000 shares $317.22 million +18.2%N/A4.5 $10.36
6/15/202425,910,000 shares $254.70 million +8.4%N/A3.9 $9.83
5/31/202423,900,000 shares $263.38 million -1.5%N/A3.8 $11.02
5/15/202424,260,000 shares $267.10 million +2.6%N/A4 $11.01
4/30/202423,640,000 shares $255.78 million -11.6%N/A3.5 $10.82
4/15/202426,730,000 shares $307.13 million +1.1%N/A4 $11.49
3/31/202426,440,000 shares $315.69 million +3.4%N/A3.9 $11.94
3/15/202425,580,000 shares $295.19 million +15.5%N/A3.9 $11.54
2/29/202422,150,000 shares $256.28 million -5.8%N/A3.2 $11.57
2/15/202423,510,000 shares $276.24 million -4.4%N/A3.4 $11.75
1/31/202424,600,000 shares $272.81 million -13.7%N/A3.7 $11.09
1/15/202428,490,000 shares $292.88 million +2.6%N/A4.3 $10.28
12/31/202327,780,000 shares $300.02 million +1.4%N/A4.2 $10.80
12/15/202327,410,000 shares $303.43 million +71.1%N/A4 $11.07
11/30/202316,020,000 shares $187.59 million -15.6%N/A2.4 $11.71
11/15/202318,990,000 shares $226.36 million +0.1%N/A2.7 $11.92
10/31/202318,970,000 shares $240.92 million -9.5%N/A3.2 $12.70
10/15/202320,970,000 shares $288.97 million +7.8%N/A3.7 $13.78
9/30/202319,460,000 shares $269.33 million +1.6%N/A3.7 $13.84
9/15/202319,160,000 shares $298.51 million +4.1%N/A4 $15.58
8/31/202318,400,000 shares $260.18 million +10.6%N/A3.9 $14.14
8/15/202316,630,000 shares $242.96 million +45.6%N/A4.3 $14.61
7/31/202311,420,000 shares $180.89 million -26.6%N/A2.9 $15.84
7/15/202315,560,000 shares $211.15 million -1.0%N/A3.9 $13.57
6/30/202315,710,000 shares $188.05 million -2.2%N/A4.1 $11.97
6/15/202316,060,000 shares $200.43 million -0.2%N/A4.3 $12.48
5/31/202316,090,000 shares $156.72 million +2.2%N/A4.7 $9.74
5/15/202315,740,000 shares $160.55 million +7.8%N/A4.4 $10.20
4/30/202314,600,000 shares $163.37 million -8.5%N/A3.8 $11.19
4/15/202315,950,000 shares $192.04 million +6.7%N/A4.3 $12.04
3/31/202314,950,000 shares $174.92 million -3.8%N/A4.2 $11.70
3/15/202315,540,000 shares $181.20 million +3.5%N/A4.6 $11.66
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2/28/202315,010,000 shares $205.64 million -9.3%N/A4.9 $13.70
2/15/202316,540,000 shares $245.12 million +12.2%N/A5.9 $14.82
1/31/202314,740,000 shares $247.63 million +20.3%N/A5.8 $16.80
1/15/202312,250,000 shares $212.78 million +12.7%N/A4.9 $17.37
12/30/202210,870,000 shares $183.05 million +25.5%N/A4.5 $16.84
12/15/20228,660,000 shares $144.10 million -2.8%N/A3.4 $16.64
11/30/20228,910,000 shares $159.93 million +6.1%N/A3.5 $17.95
11/15/20228,400,000 shares $159.52 million -7.8%N/A3.2 $18.99
10/31/20229,110,000 shares $160.79 million +0.7%N/A3.4 $17.65
10/15/20229,050,000 shares $120.27 million -2.3%N/A3.6 $13.29
9/30/20229,260,000 shares $108.16 million -0.9%N/A3.6 $11.68
9/15/20229,340,000 shares $137.02 million +9.5%N/A3.1 $14.67
8/31/20228,530,000 shares $127.10 million -4.2%N/A2.7 $14.90
8/15/20228,900,000 shares $129.05 million -8.3%N/A2.7 $14.50
7/31/20229,700,000 shares $160.54 million +4.1%N/A2.7 $16.55
7/15/20229,320,000 shares $118.55 million -14.3%N/A2.5 $12.72
6/30/202210,870,000 shares $171.31 million +11.0%N/A2.7 $15.76
6/15/20229,790,000 shares $162.51 million +0.4%N/A2.5 $16.60
5/31/20229,750,000 shares $186.03 million -12.5%N/A2.5 $19.08
5/15/202211,140,000 shares $168.44 million -3.8%N/A2.7 $15.12
4/30/202211,580,000 shares $190.38 million -8.3%N/A2.6 $16.44
4/15/202212,630,000 shares $223.17 million +5.0%N/A3 $17.67
3/31/202212,030,000 shares $186.22 million +14.5%N/A3.1 $15.48
3/15/202210,510,000 shares $154.81 million +23.1%N/A2.8 $14.73
2/28/20228,540,000 shares $123.23 million -18.2%N/A2.5 $14.43
2/15/202210,440,000 shares $141.67 million +5.9%N/A3.4 $13.57
1/31/20229,860,000 shares $98.21 million +4.2%N/A3.6 $9.96
1/15/20229,460,000 shares $97.53 million -5.1%N/A3.3 $10.31
12/31/20219,970,000 shares $84.25 million +8.5%N/A3.2 $8.45
12/15/20219,190,000 shares $76.19 million +18.4%N/A2.9 $8.29
11/30/20217,760,000 shares $54.79 million -16.0%N/A2.7 $7.06
11/15/20219,240,000 shares $78.36 million -6.0%N/A3.4 $8.48
10/29/20219,830,000 shares $84.14 million -0.8%N/A3.9 $8.56
10/15/20219,910,000 shares $89.98 million -12.4%5.4%4.3 $9.08
9/30/202111,310,000 shares $101.79 million -0.5%6.2%6.3 $9.00
9/15/202111,370,000 shares $94.60 million -1.1%6.2%6.7 $8.32
8/31/202111,500,000 shares $89.24 million +2.1%6.3%6.8 $7.76
8/13/202111,260,000 shares $85.24 million -7.5%6.1%6.2 $7.57
7/30/202112,170,000 shares $97.60 million -6.7%6.6%6.4 $8.02
7/15/202113,040,000 shares $111.23 million -5.0%7.1%6.4 $8.53
6/30/202113,720,000 shares $136.38 million -15.7%7.5%6.9 $9.94
6/15/202116,270,000 shares $171.65 million +21.0%8.9%8.2 $10.55
5/28/202113,450,000 shares $112.58 million -13.6%7.4%6.6 $8.37
5/14/202115,570,000 shares $125.34 million +6.4%8.5%7.4 $8.05
4/30/202114,630,000 shares $102.92 million -2.9%8.0%6.3 $7.04
4/15/202115,060,000 shares $107.60 million +2.0%8.2%6.4 $7.15
3/31/202114,770,000 shares $105.75 million -7.1%8.1%5.9 $7.16
3/15/202115,890,000 shares $143.01 million -0.3%8.7%6.3 $9.00
2/26/202115,940,000 shares $119.55 million -9.6%8.7%5.9 $7.50
2/12/202117,640,000 shares $107.25 million -5.6%9.6%6.4 $6.08
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1/29/202118,690,000 shares $116.44 million -8.1%10.2%6.6 $6.23
1/15/202120,340,000 shares $139.74 million -3.8%11.1%7.2 $6.87
12/31/202021,150,000 shares $113.36 million +0.9%11.6%7.6 $5.36
12/15/202020,960,000 shares $114.65 million +8.2%11.5%6.6 $5.47
11/30/202019,370,000 shares $90.07 million +9.2%10.6%6 $4.65
11/15/202017,740,000 shares $63.15 million -12.2%9.7%5.6 $3.56
10/30/202020,210,000 shares $50.93 million +5.0%11.0%6.6 $2.52
10/15/202019,250,000 shares $55.15 million -10.2%10.5%5.2 $2.87
9/30/202021,440,000 shares $61.10 million -24.1%11.7%5.3 $2.85
9/15/202028,250,000 shares $92.94 million -8.5%15.4%6 $3.29
8/31/202030,870,000 shares $118.85 million -9.5%16.9%5.9 $3.85
8/14/202034,090,000 shares $153.41 million -4.8%18.6%5 $4.50
7/31/202035,790,000 shares $138.87 million +14.5%19.6%4.8 $3.88
7/15/202031,250,000 shares $110.31 million -14.8%17.2%4 $3.53
6/30/202036,660,000 shares $126.84 million -4.1%20.1%4.6 $3.46
6/15/202038,210,000 shares $174.62 million +11.9%21.0%4.8 $4.57
5/29/202034,140,000 shares $125.98 million +12.3%18.8%4.1 $3.69
5/15/202030,390,000 shares $99.38 million -4.4%16.7%4.2 $3.27
4/30/202031,780,000 shares $114.41 million +9.3%17.4%4.7 $3.60
4/15/202029,080,000 shares $60.20 million +7.7%16.0%4.5 $2.07
3/31/202027,010,000 shares $69.96 million +24.7%14.3%4.7 $2.59
3/13/202021,653,800 shares $50.02 million +42.7%11.5%2.9 $2.31
2/28/202015,180,000 shares $33.40 million -7.2%8.0%3.5 $2.20
2/14/202016,350,000 shares $37.61 million -5.8%8.7%4.3 $2.30
1/31/202017,350,000 shares $104.62 million -2.3%9.1%4.7 $6.03
1/15/202017,750,000 shares $132.59 million +1.6%9.3%4.7 $7.47
12/31/201917,470,000 shares $148.32 million -1.4%9.1%4.6 $8.49

PTEN Short Interest - Frequently Asked Questions

What is Patterson-UTI Energy's current short interest?

Short interest is the volume of Patterson-UTI Energy shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 27,330,000 shares of PTEN short. Learn More on Patterson-UTI Energy's current short interest.

What is a good short interest ratio for Patterson-UTI Energy?

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. PTEN shares currently have a short interest ratio of 4.0. Learn More on Patterson-UTI Energy's short interest ratio.

Which institutional investors are shorting Patterson-UTI Energy?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Patterson-UTI Energy: Barclays PLC, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, and PEAK6 Investments LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Patterson-UTI Energy's short interest increasing or decreasing?

Patterson-UTI Energy saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 27,330,000 shares, an increase of 6.6% from the previous total of 25,640,000 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.

How does Patterson-UTI Energy's short interest compare to its competitors?

Here is how the short interest of companies in the sector of "oils/energy" compare to Patterson-UTI Energy: Helmerich & Payne, Inc. (12.39%), Nabors Industries Ltd. (19.72%), Transocean Ltd. (17.06%), Valaris Limited (13.60%), HighPeak Energy, Inc. (28.79%), Precision Drilling Co. (0.94%), Borr Drilling Limited (5.31%), TechnipFMC plc (1.53%), Permian Resources Co. (5.92%), Ovintiv Inc. (1.68%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

What does it mean to sell short Patterson-UTI Energy stock?

Short selling PTEN is an investing strategy that aims to generate trading profit from Patterson-UTI Energy as its price is falling. PTEN shares are trading up $0.02 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.

How does a short squeeze work against Patterson-UTI Energy?

A short squeeze for Patterson-UTI Energy 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 PTEN, which in turn drives the price of the stock up even further.

How often is Patterson-UTI Energy's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PTEN, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:PTEN) was last updated on 11/21/2024 by MarketBeat.com Staff
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