Pelangio Exploration (PGXPF) Short Interest Ratio & Short Volume

Short interest is the volume of Pelangio Exploration shares that have been sold short but have not yet been closed out or covered. As of July 31st, traders have sold 6,000 shares of PGXPF short. Learn More on Pelangio Exploration's current short interest.

Pelangio Exploration saw a increase in short interest in July. As of July 31st, there was short interest totaling 6,000 shares, an increase of 500.0% from the previous total of 1,000 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.

Here is how the short interest of companies in the industry of "metal mining" compare to Pelangio Exploration: Pure Energy Minerals Limited (0.01%), Lithium Co. (0.07%), Lomiko Metals Inc. (0.00%), Silver Bull Resources, Inc. (0.01%), New Age Metals Inc. (0.00%), American Lithium Minerals, Inc. (0.03%), Minco Capital Corp. (0.01%), Cerro Grande Mining Co. (0.00%), Alderon Iron Ore Corp. (0.04%), Nexa Resources S.A. (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.45 billion), Moderna, Inc. ($2.69 billion), Royal Caribbean Cruises Ltd. ($2.55 billion), Paychex, Inc. ($2.13 billion), Rivian Automotive, Inc. ($1.96 billion), Onsemi ($1.94 billion), Tractor Supply ($1.84 billion), Enphase Energy, Inc. ($1.77 billion), Chesapeake Energy Co. ($1.69 billion), and International Paper ($1.54 billion). View all of the most shorted stocks.

Short selling PGXPF is an investing strategy that aims to generate trading profit from Pelangio Exploration 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 Pelangio Exploration 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 PGXPF, 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 PGXPF, twice per month. The most recent reporting period available is July, 31 2024.