CPI Card Group (PMTS) Short Interest Ratio & Short Volume

Short interest is the volume of CPI Card Group shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 148,600 shares of PMTS short. 3.27% of CPI Card Group's shares are currently sold short. Learn More on CPI Card Group'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. PMTS shares currently have a short interest ratio of 5.0. Learn More on CPI Card Group's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 3.27% of CPI Card Group's floating shares are currently sold short.

CPI Card Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 148,600 shares, an increase of 39.7% from the previous total of 106,400 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.

CPI Card Group currently has issued a total of 11,122,000 shares. Some of CPI Card Group's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. CPI Card Group currently has a public float of 4,550,000 shares.

3.27% of CPI Card Group's shares are currently sold short. Here is how the short interest of companies compare to CPI Card Group: Lesaka Technologies, Inc. (0.16%), Quad/Graphics, Inc. (5.10%), Paysign, Inc. (2.66%), Plumas Bancorp (0.25%), Mullen Automotive, Inc. (18.79%), Usio, Inc. (0.22%), Millennium Group International Holdings Limited (1.03%), Encore Capital Group, Inc. (8.91%), Cimpress plc (6.55%), CRA International, Inc. (1.20%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling PMTS is an investing strategy that aims to generate trading profit from CPI Card Group as its price is falling. PMTS shares are trading down $1.69 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 CPI Card Group 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 PMTS, 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 PMTS, twice per month. The most recent reporting period available is May, 15 2024.