Pegasus Digital Mobility Acquisition (PGSS) Short Interest Ratio & Short Volume

Short interest is the volume of Pegasus Digital Mobility Acquisition shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 57,000 shares of PGSS short. 1.28% of Pegasus Digital Mobility Acquisition's shares are currently sold short. Learn More on Pegasus Digital Mobility 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. PGSS shares currently have a short interest ratio of 1.0. Learn More on Pegasus Digital Mobility 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. 1.28% of Pegasus Digital Mobility Acquisition's floating shares are currently sold short.

Pegasus Digital Mobility Acquisition saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 57,000 shares, an increase of 7,025.0% from the previous total of 800 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.

Pegasus Digital Mobility Acquisition currently has issued a total of 10,125,000 shares. Some of Pegasus Digital Mobility 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. Pegasus Digital Mobility Acquisition currently has a public float of 4,460,000 shares.

1.28% of Pegasus Digital Mobility Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Pegasus Digital Mobility Acquisition: Keen Vision Acquisition Co. (0.01%), Investcorp Europe Acquisition Corp I (0.00%), Gores Holdings IX, Inc. (0.07%), Helix Acquisition Corp. II (0.03%), Investcorp India Acquisition Corp (0.05%), SilverBox Corp III (0.00%), SK Growth Opportunities Co. (0.02%), Spark I Acquisition Co. (0.03%), Burtech Acquisition Corp. (0.09%), Mountain & Co. I Acquisition Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling PGSS is an investing strategy that aims to generate trading profit from Pegasus Digital Mobility Acquisition as its price is falling. PGSS shares are trading down $4.39 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 Pegasus Digital Mobility 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 PGSS, 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 PGSS, twice per month. The most recent reporting period available is April, 15 2024.