Permian Resources (PR) Short Interest Ratio & Short Volume

Short interest is the volume of Permian Resources shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 31,700,000 shares of PR short. 5.92% of Permian Resources' shares are currently sold short. Learn More on Permian Resources' 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. PR shares currently have a short interest ratio of 3.0. Learn More on Permian Resources's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Permian Resources: Jane Street Group LLC, Wolverine Trading LLC, Walleye Trading LLC, Walleye Capital LLC, Belvedere Trading LLC, and Cubist Systematic Strategies LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 5.92% of Permian Resources' floating shares are currently sold short.

Permian Resources saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 31,700,000 shares, a drop of 6.4% from the previous total of 33,870,000 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.

Permian Resources currently has issued a total of 803,364,000 shares. Some of Permian Resources' 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. Permian Resources currently has a public float of 535,070,000 shares.

5.92% of Permian Resources' shares are currently sold short. Here is how the short interest of companies in the industry of "petroleum and natural gas" compare to Permian Resources: Cenovus Energy Inc. (1.18%), Pembina Pipeline Co. (0.77%), Coterra Energy Inc. (2.03%), Ecopetrol S.A. (0.69%), Ovintiv Inc. (1.68%), Antero Resources Co. (3.18%), Viper Energy, Inc. (3.82%), Sunoco LP (0.89%), Chord Energy Co. (3.95%), BP p.l.c. (0.39%),

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.

Short selling PR is an investing strategy that aims to generate trading profit from Permian Resources as its price is falling. PR shares are trading up $0.32 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 Permian Resources 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 PR, 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 PR, twice per month. The most recent reporting period available is October, 31 2024.