The Short % of float of Performance Shipping Inc is 4.47%
Short percentage of float is the amount of shares being shorted compared to the float expressed as a percentage.
= short interest / float shares
Short percentage of float, or short interest ratio, is calculated by taking the total amount of shares shorted and dividing it by the total amount of shares available for trade. It is an indirect metric of investor sentiment. When short percentage of float is high, above 40%, it implies company investors hope shares will decline in value. The percentage is used by both fundamental and technical traders to identify trends. The short percentage of float can also be calculated for entire exchanges to determine the sentiment of the market as a whole. If it is high of around five or greater for an exchange, this can be taken as a bearish signal, and vice versa.
we are an in-house ship management company, wholly-owned by performance shipping inc. we provide administrative, commercial, and technical management services of the highest standard to the performance shipping inc. fleet. we are focused on conducting our operations in a manner that is devoted to safety, human health, quality, and environmental protection.