Phunware (PHUN) Short Interest Ratio & Short Volume

Short interest is the volume of Phunware shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 846,700 shares of PHUN short. Learn More on Phunware's current short interest.

Phunware saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 846,700 shares, a decline of 13.3% from the previous total of 977,100 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 compare to Phunware: Akerna Corp. (1.18%), Data Storage Co. (9.91%), Cheer Holding, Inc. (0.32%), Brightcove Inc. (3.99%), HeartCore Enterprises, Inc. (1.58%), trivago (0.29%), Ooma, Inc. (1.73%), Innodata Inc. (12.49%), Tucows Inc. (12.78%), Cutera, Inc. (37.61%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling PHUN is an investing strategy that aims to generate trading profit from Phunware as its price is falling. PHUN shares are trading down $0.66 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 Phunware 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 PHUN, 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 PHUN, twice per month. The most recent reporting period available is April, 30 2024.