Power Assets (HGKGY) Short Interest Ratio & Short Volume

Short interest is the volume of Power Assets shares that have been sold short but have not yet been covered or closed out. As of December 31st, traders have sold 23,400 shares of HGKGY short. Learn More on Power Assets' 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. HGKGY shares currently have a short interest ratio of 2.0. Learn More on Power Assets's short interest ratio.

Power Assets saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 23,400 shares, an increase of 51.0% from the previous total of 15,500 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.

Here is how the short interest of companies in the industry of "personal services" compare to Power Assets: Compass Group PLC (0.01%), Bayerische Motoren Werke Aktiengesellschaft (0.01%), Bayerische Motoren Werke Aktiengesellschaft (0.76%), HOYA Co. (0.00%), Japan Tobacco Inc. (0.00%), Deutsche Post AG (0.00%), DENSO Co. (0.00%), Oriental Land Co., Ltd. (0.00%), Singapore Telecommunications Limited (0.00%), Mitsubishi Electric Co. (0.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling HGKGY is an investing strategy that aims to generate trading profit from Power Assets as its price is falling. HGKGY shares are trading up $0.45 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 Power Assets 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 HGKGY, 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 HGKGY, twice per month. The most recent reporting period available is December, 31 2024.