Short selling PHUN is an investing strategy that aims to generate trading profit from Phunware as its price is falling. Phunware's stock is trading down $0.01 today. To short Phunware stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender.
How do you find out which stocks are being shorted?
Search for the stock, click on the Statistics tab, and scroll down to Share Statistics, where you'll find the key information about shorting, including the number of short shares for the company as well as the short ratio.
What kind of stock is PHUN?
Type Common Stock Held Market Value
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Institutions 18.58M 39.76M
Corporations (Private) 539,867 1.16M
Individuals / Insiders 4.18M 8.94M
Public and Other 72.96M 156.14M
Is PHUN a good stock to buy?
Out of 2 analysts, 1 (50%) are recommending PHUN as a Strong Buy, 1 (50%) are recommending PHUN as a Buy, 0 (0%) are recommending PHUN as a Hold, 0 (0%) are recommending PHUN as a Sell, and 0 (0%) are recommending PHUN as a Strong Sell. What is PHUN's earnings growth forecast for 2022-2023?
Is PHUN a good investment?
Phunware - Hold Valuation metrics show that Phunware may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of PHUN, demonstrate its potential to underperform the market.
Is PHUN a good company?
PHUN has a Quality Grade of F, ranking ahead of 3.84% of graded US stocks. PHUN's asset turnover comes in at 0.219 -- ranking 474th of 563 Business Services stocks. ORCL, GPN, and EGHT are the stocks whose asset turnover ratios are most correlated with PHUN.
How much will PHUN stock go up?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Phunware Inc have a median target of 5.38, with a high estimate of 6.00 and a low estimate of 4.00. The median estimate represents a +157.18% increase from the last price of 2.09.
Is PHUN shorted?
How often is Phunware's short interest reported? 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 January, 15 2022.
What does short interest do to a stock?
If a stock has a high short interest, short positions may be forced to liquidate and cover their position by purchasing the stock. If a short squeeze occurs and enough short sellers buy back the stock, the price could go even higher.
Is a low short interest ratio good?
If the short interest ratio is low, it implies that investors are bullish. The higher the short interest ratio, the more vulnerable a stock is to a short squeeze. FINRA and U.S. stock exchange rules require brokerage firms to report short positions to FINRA twice a month.
What does it mean when short volume decreases?
Market Indicator Short interest can be a useful short-term indicator. An increase in short interest may indicate that the stock is in a precarious technical position and could fall or correct; a decrease in short interest indicates that shorts are losing interest and the stock could rise.
Is high short interest bullish or bearish?
The ratio can also be expressed as the number of days to cover, which is the total short position divided by the average daily trading volume. High short interest ratios typically indicate bearish market sentiment, while low ratios could indicate neutral or bullish sentiment.
Will phunware stock go back up?
Fair opening price Current price
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$2.50 $2.38 (Undervalued)
Why is phunware stock going up?
Why Phunware Stock Soared Today Phunware (NASDAQ: PHUN) fought through turbulence in the broader market to post big gains in Tuesday's trading. Digital World Acquisition (NASDAQ: DWAC), which is set to merge with Trump Media & Technology, closed out the session up roughly 21.8%.