PG&E (PCG) Short Interest Ratio & Short Volume

Short interest is the volume of PG&E shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 36,830,000 shares of PCG short. Learn More on PG&E'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. PCG shares currently have a short interest ratio of 2.0. Learn More on PG&E's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of PG&E: Concourse Financial Group Securities Inc., Simplex Trading LLC, Wolverine Asset Management LLC, Portman Square Capital LLP, Cutler Group LLC CA, Citigroup Inc., Walleye Trading LLC, Walleye Capital LLC, GTS Securities LLC, Wolverine Trading LLC, JPMorgan Chase & Co., Kingdon Capital Management L.L.C., PEAK6 Investments LLC, Wolverine Asset Management LLC, and Maven Securities LTD. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

PG&E saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 36,830,000 shares, a decline of 16.6% from the previous total of 44,150,000 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 sector of "utilities" compare to PG&E: Consolidated Edison, Inc. (1.97%), Public Service Enterprise Group Incorporated (1.38%), WEC Energy Group, Inc. (1.64%), Ameren Co. (1.14%), CMS Energy Co. (4.41%), Exelon Co. (1.22%), Xcel Energy Inc. (1.55%), Alliant Energy Co. (1.79%), Duke Energy Co. (1.34%), Sempra (2.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling PCG is an investing strategy that aims to generate trading profit from PG&E as its price is falling. PCG shares are trading down $0.17 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 PG&E 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 PCG, 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 PCG, twice per month. The most recent reporting period available is January, 15 2024.