Petrofac (POFCY) Short Interest Ratio & Short Volume

Short interest is the volume of Petrofac shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 610,000 shares of POFCY short. Learn More on Petrofac'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. POFCY shares currently have a short interest ratio of 2.0. Learn More on Petrofac's short interest ratio.

Petrofac saw a increase in short interest in January. As of January 15th, there was short interest totaling 610,000 shares, an increase of 71.3% from the previous total of 356,100 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 Petrofac: Chegg, Inc. (10.09%), Hong Kong Technology Venture Company Limited (0.01%), QuantaSing Group Limited (0.69%), iHuman Inc. (0.01%), Sunlands Technology Group (0.57%), Bright Scholar Education Holdings Limited (0.08%), Esprit Holdings Limited (0.00%), PhoneX Holdings, Inc. (0.00%), Zhongchao Inc. (0.08%), PCS Edventures!, Inc. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($6.03 billion), Charter Communications, Inc. ($3.83 billion), Reddit, Inc. ($3.11 billion), The Kroger Co. ($2.85 billion), International Paper ($2.73 billion), Rivian Automotive, Inc. ($2.02 billion), SoFi Technologies, Inc. ($2.00 billion), Onsemi ($1.59 billion), Live Nation Entertainment, Inc. ($1.58 billion), and First Solar, Inc. ($1.53 billion). View all of the most shorted stocks.

Short selling POFCY is an investing strategy that aims to generate trading profit from Petrofac as its price is falling. POFCY shares are trading up $0.00 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 Petrofac 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 POFCY, 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 POFCY, twice per month. The most recent reporting period available is January, 15 2025.