Paradigm Oil and Gas (PDGO) Short Interest Ratio & Short Volume

Short interest is the volume of Paradigm Oil and Gas shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 50,000 shares of PDGO short. Learn More on Paradigm Oil and Gas' current short interest.

Paradigm Oil and Gas saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 50,000 shares, an increase of ∞ from the previous total of 0 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 "precious metals" compare to Paradigm Oil and Gas: Agnico Eagle Mines Limited (1.07%), and Franco-Nevada Co. (1.60%).

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 PDGO is an investing strategy that aims to generate trading profit from Paradigm Oil and Gas as its price is falling. 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 Paradigm Oil and Gas 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 PDGO, 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 PDGO, twice per month. The most recent reporting period available is October, 31 2024.