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Precision Drilling (PDS) Short Interest Ratio & Short Volume

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$62.30 -1.33 (-2.09%)
(As of 11/15/2024 ET)

Precision Drilling Short Interest Data

Precision Drilling (PDS) has a short interest of 127,400 shares, representing 0.94% of the float (the number of shares available for trading by the public). This marks a -30.80% decrease in short interest from the previous month. The short interest ratio (days to cover) is 2.0, indicating that it would take 2.0 days of the average trading volume of 101,177 shares to cover all short positions.

Current Short Interest
127,400 shares
Previous Short Interest
184,100 shares
Change Vs. Previous Month
-30.80%
Dollar Volume Sold Short
$7.65 million
Short Interest Ratio
2.0 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
14,060,000 shares
Float Size
13,540,000 shares
Short Percent of Float
0.94%
Today's Trading Volume
69,137 shares
Average Trading Volume
101,177 shares
Today's Volume Vs. Average
68%
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PDS Short Interest Over Time

PDS Days to Cover Over Time

PDS Percentage of Float Shorted Over Time

Precision Drilling Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/2024127,400 shares $7.65 million -30.8%0.9%2 $60.05
10/15/2024184,100 shares $11.04 million -22.1%1.3%3.2 $59.98
9/30/2024236,200 shares $14.52 million -45.0%1.7%4.3 $61.47
9/15/2024429,600 shares $27.26 million +32.3%3.1%8.7 $63.46
8/31/2024324,800 shares $23.49 million +3.4%2.4%6.8 $72.31
8/15/2024314,000 shares $22.19 million -9.6%2.3%6.6 $70.66
7/31/2024347,500 shares $26.71 million -20.4%2.5%6.8 $76.85
7/15/2024436,400 shares $32.90 million -8.2%3.1%7.9 $75.38
6/30/2024475,400 shares $33.44 million -10.8%3.4%7.9 $70.34
6/15/2024533,000 shares $34.93 million +13.1%3.8%8.1 $65.54
5/31/2024471,200 shares $35.15 million +0.9%3.4%7 $74.60
5/15/2024466,800 shares $33.24 million -9.5%3.4%6.8 $71.20
4/30/2024515,700 shares $36.19 million +30.5%3.7%6.3 $70.18
4/15/2024395,200 shares $27.25 million +12.4%2.9%4.8 $68.95
3/31/2024351,600 shares $23.66 million +1.0%2.5%4.2 $67.29
3/15/2024348,100 shares $22.34 million +1.2%2.5%4.1 $64.17
2/29/2024344,100 shares $20.47 million +20.2%2.5%3.8 $59.49
2/15/2024286,300 shares $17.95 million +31.4%2.1%3.1 $62.68
1/31/2024217,900 shares $13.48 million +26.7%1.6%2.3 $61.88
1/15/2024172,000 shares $9.45 million -0.1%1.2%1.8 $54.93
12/31/2023172,200 shares $9.35 million +39.7%1.2%1.9 $54.29
12/15/2023123,300 shares $6.63 million -23.6%0.9%1.4 $53.80
11/30/2023161,300 shares $9.32 million +11.5%1.1%1.8 $57.75
11/15/2023144,700 shares $8.52 million +28.3%1.0%1.7 $58.86
10/31/2023112,800 shares $6.54 million +136.5%0.8%1.5 $57.99
10/15/202347,700 shares $2.94 million +9.9%0.4%0.7 $61.70
9/30/202343,400 shares $2.91 million -34.8%0.3%0.7 $67.12
9/15/202366,600 shares $4.83 million -29.1%0.5%1.1 $72.59
8/31/202393,900 shares $6.19 million +16.4%0.7%1.6 $65.94
8/15/202380,700 shares $5.26 million -31.1%0.6%1.5 $65.16
7/31/2023117,100 shares $7.78 million -72.2%0.9%2.1 $66.42
7/15/2023421,200 shares $22.13 million -1.8%3.2%7.2 $52.55
6/30/2023428,900 shares $20.94 million +0.5%3.2%7.6 $48.82
6/15/2023426,600 shares $20.26 million +1.9%3.2%7.4 $47.50
5/31/2023418,500 shares $17.61 million -4.8%3.1%6.5 $42.07
5/15/2023439,800 shares $20.76 million +8.8%3.3%6.6 $47.20
4/30/2023404,100 shares $20.10 million -2.9%3.0%5.1 $49.73
4/15/2023416,000 shares $21.62 million -3.2%3.2%5.6 $51.96
3/31/2023429,800 shares $22.10 million +12.2%3.3%5.7 $51.42
3/15/2023383,000 shares $18.08 million -2.4%2.9%5.3 $47.21
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2/28/2023392,500 shares $22.37 million -12.7%3.0%6.1 $56.99
2/15/2023449,700 shares $27.26 million +62.9%3.4%7 $60.61
1/31/2023276,000 shares $21.99 million +11.3%2.1%4.5 $79.67
1/15/2023248,000 shares $20.24 million +5.1%1.9%3.9 $81.60
12/30/2022236,000 shares $18.10 million -1.2%1.8%3.8 $76.70
12/15/2022238,800 shares $17.78 million -1.8%1.8%3.6 $74.46
11/30/2022243,100 shares $19.39 million +17.7%1.8%3.7 $79.77
11/15/2022206,500 shares $17.28 million +9.0%1.5%3.1 $83.68
10/31/2022189,400 shares $14.00 million -7.3%1.4%2.9 $73.91
10/15/2022204,400 shares $11.40 million -2.9%1.5%3.5 $55.78
9/30/2022210,600 shares $10.66 million -4.0%1.6%3.4 $50.63
9/15/2022219,300 shares $13.71 million -8.4%1.6%3.5 $62.52
8/31/2022239,300 shares $14.70 million -6.6%1.8%3.6 $61.43
8/15/2022256,200 shares $16.81 million -15.4%1.9%3.7 $65.61
7/31/2022302,900 shares $20.65 million -7.7%2.3%4.1 $68.17
7/15/2022328,200 shares $17.45 million -7.8%2.4%4.3 $53.16
6/30/2022356,000 shares $22.79 million +24.6%2.7%4.6 $64.02
6/15/2022285,800 shares $20.10 million +19.7%2.1%3.6 $70.33
5/31/2022238,800 shares $18.56 million +9.2%1.8%3 $77.72
5/15/2022218,700 shares $14.16 million +9.1%1.6%2.6 $64.73
4/30/2022200,400 shares $14.39 million -16.6%1.5%2.2 $71.79
4/15/2022240,400 shares $19.80 million +11.9%1.8%2.8 $82.37
3/31/2022214,900 shares $15.89 million +6.1%1.6%2.6 $73.92
3/15/2022202,500 shares $12.47 million +5.3%1.5%2.6 $61.58
2/28/2022192,300 shares $11.23 million -5.9%1.5%2.6 $58.42
2/15/2022204,300 shares $11.24 million +16.3%1.6%3.1 $55.00
1/31/2022175,700 shares $7.65 million -16.8%1.3%3.3 $43.54
1/15/2022211,100 shares $9.47 million +2.9%1.6%4.3 $44.86
12/31/2021205,100 shares $7.27 million +0.1%1.5%4.3 $35.43
12/15/2021204,900 shares $6.84 million +1.6%1.5%4.3 $33.37
11/30/2021201,700 shares $6.43 million +12.3%1.5%4.8 $31.87
11/15/2021179,600 shares $6.98 million -19.1%1.4%4.5 $38.86
10/29/2021221,900 shares $9.82 million +18.5%1.7%5.5 $44.26
10/15/2021187,200 shares $9.24 million -16.1%1.4%4.7 $49.36
9/30/2021223,100 shares $9.02 million +7.1%1.7%4.9 $40.41
9/15/2021208,400 shares $7.21 million -4.9%1.6%3.9 $34.58
8/31/2021219,200 shares $7.15 million +8.5%1.7%3.5 $32.60
8/13/2021202,000 shares $6.38 million No Change1.5%2.7 $31.59
7/15/2021200,200 shares $7.18 million +6.2%1.5%2.3 $35.86
6/30/2021188,600 shares $7.86 million -22.3%1.4%2.2 $41.70
6/15/2021242,800 shares $9.75 million -1.3%1.8%2.9 $40.16
5/28/2021246,000 shares $7.79 million -6.0%1.9%2.6 $31.66
5/14/2021261,800 shares $7.06 million -0.3%2.0%2.7 $26.97
4/30/2021262,500 shares $7.04 million -5.7%2.0%2.5 $26.81
4/15/2021278,400 shares $7.43 million -19.0%2.1%2.6 $26.68
3/31/2021343,600 shares $7.19 million +41.0%2.6%3 $20.94
3/15/2021243,700 shares $6.66 million -7.3%1.8%2.1 $27.33
2/26/2021262,900 shares $6.29 million +11.4%1.9%2.4 $23.94
2/12/2021236,000 shares $5.35 million -12.5%1.7%1.9 $22.66
1/29/2021269,700 shares $5.46 million +42.3%2.0%2.2 $20.26
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1/15/2021189,600 shares $4.73 million -25.3%1.4%1.7 $24.93
12/31/2020253,900 shares $4.19 million +38.0%1.9%2.5 $16.51
12/15/2020184,000 shares $3.69 million +5.0%1.4%2.1 $20.04
11/30/2020175,300 shares $3.47 million -7.6%1.3%2.4 $19.82
11/15/2020189,700 shares $2.84 million -95.7%1.4%3.5 $14.97
10/30/20204,420,000 shares $61.76 million +7.3%1.6%10.2 $13.97
10/15/20204,120,000 shares $58.11 million -7.0%1.5%10.8 $14.10
9/30/20204,430,000 shares $56.70 million -5.1%1.6%11.6 $12.80
9/15/20204,670,000 shares $58.85 million +9.6%1.7%10.6 $12.60
8/31/20204,260,000 shares $59.31 million +7.0%1.6%8 $13.92
8/14/20203,980,000 shares $63.00 million -4.8%1.5%5.6 $15.83
7/31/20204,180,000 shares $52.66 million -6.9%1.5%5.4 $12.60
7/15/20204,490,000 shares $54.78 million -8.7%1.7%4.1 $12.20
6/30/20204,920,000 shares $72.82 million +5.8%1.8%3.9 $14.80
6/15/20204,650,000 shares $75.18 million -38.1%1.7%3.3 $16.17
5/29/20207,510,000 shares $81.92 million -15.1%2.8%4.9 $10.91
5/15/20208,850,000 shares $91.16 million +4.2%3.3%6.1 $10.30
4/30/20208,490,000 shares $93.39 million +11.0%3.1%5.9 $11.00
4/15/20207,650,000 shares $52.02 million -3.0%2.8%6.1 $6.80
3/31/20207,890,000 shares $3.00 million -8.7%2.9%7.4 $0.38
3/13/20208,642,000 shares $3.02 million +22.9%3.1%9.6 $0.35
2/28/20207,030,000 shares $2.04 million +2.8%2.6%7.8 $0.29
2/14/20206,840,000 shares $4.10 million -1.0%2.5%8.9 $0.60
1/31/20206,910,000 shares $8.43 million +15.2%2.4%9.2 $1.22
1/15/20206,000,000 shares $7.26 million +10.9%2.1%7.2 $1.21
12/31/20195,410,000 shares $6.76 million +3.8%1.9%6.6 $1.25

PDS Short Interest - Frequently Asked Questions

What is Precision Drilling's current short interest?

Short interest is the volume of Precision Drilling shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 127,400 shares of PDS short. 0.94% of Precision Drilling's shares are currently sold short. Learn More on Precision Drilling's current short interest.

What is a good short interest ratio for Precision Drilling?

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. PDS shares currently have a short interest ratio of 2.0. Learn More on Precision Drilling's short interest ratio.

Which institutional investors are shorting Precision Drilling?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Precision Drilling: PEAK6 Investments LLC, and Bank of Montreal Can. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Precision Drilling?

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. 0.94% of Precision Drilling's floating shares are currently sold short.

Is Precision Drilling's short interest increasing or decreasing?

Precision Drilling saw a decrease in short interest in October. As of October 31st, there was short interest totaling 127,400 shares, a decrease of 30.8% from the previous total of 184,100 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.

What is Precision Drilling's float size?

Precision Drilling currently has issued a total of 14,060,000 shares. Some of Precision Drilling'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. Precision Drilling currently has a public float of 13,540,000 shares.

How does Precision Drilling's short interest compare to its competitors?

0.94% of Precision Drilling's shares are currently sold short. Here is how the short interest of companies in the industry of "petroleum and natural gas" compare to Precision Drilling: Black Stone Minerals, L.P. (1.83%), Veren Inc. (2.63%), Liberty Energy Inc. (10.73%), Crescent Energy (11.62%), Talos Energy Inc. (7.13%), Calumet Specialty Products Partners, L.P. (7.93%), HighPeak Energy, Inc. (28.79%), Expro Group Holdings (6.64%), Select Water Solutions, Inc. (3.94%), Dorchester Minerals, L.P. (1.11%),

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 Precision Drilling stock?

Short selling PDS is an investing strategy that aims to generate trading profit from Precision Drilling as its price is falling. PDS shares are trading down $1.33 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 Precision Drilling?

A short squeeze for Precision Drilling 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 PDS, which in turn drives the price of the stock up even further.

How often is Precision Drilling'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 PDS, twice per month. The most recent reporting period available is October, 31 2024.




This page (NYSE:PDS) was last updated on 11/17/2024 by MarketBeat.com Staff
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