Planet Labs Short Interest Overview
Recent data for Planet Labs PBC (PL) indicates a stable but significant short position. As of the latest reporting, the company has 29.3 million shares sold short, with a days-to-cover ratio of 1.9. The current borrow fee for the stock is 0.4%, suggesting that while there is a substantial short interest, the cost to borrow shares remains relatively low for market participants.
Market Sentiment
Planet Labs has been a consistent target for short sellers, with short interest levels fluctuating in recent months. The 0.4% borrow fee indicates that there is currently sufficient supply of shares available for lending, which may limit the potential for a short squeeze in the near term. Investors should continue to monitor the short interest and borrow fee trends for any signs of tightening supply.
Key Takeaways
- Total shares sold short for PL is 29.3 million.
- The current borrow fee is 0.4%.
- Days-to-cover is 1.9.
- Short interest levels remain steady compared to previous periods.
The Bottom Line
"Planet Labs continues to maintain a significant short interest, but with a low borrow fee of 0.4%, the market currently views the stock as relatively easy to borrow, tempering immediate squeeze risks."
Signal data sourced from CurvedTrading. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.