Permian Resources Sees Significant Drop in Short Interest

Short interest in the oil and gas company declined nearly 19% in February

Mar. 15, 2026 at 1:52pm

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Permian Resources Corporation (NYSE:PR), an independent exploration and production company focused on the Permian Basin, saw a significant decline in short interest during the month of February. As of February 27th, short interest totaled 22,491,588 shares, an 18.9% drop from the February 12th total of 27,748,434 shares. Based on the company's average daily trading volume of 10,917,804 shares, the current short interest ratio is 2.1 days.

Why it matters

The decline in short interest suggests that investors are becoming more bullish on Permian Resources, which has seen its stock price rise in recent months. The company's focus on the prolific Permian Basin, a major oil and gas producing region, has helped drive investor interest. However, the stock remains heavily shorted, with 3.1% of shares currently sold short.

The details

Permian Resources saw a significant 18.9% decline in short interest during the month of February, with the total number of shares sold short dropping from 27,748,434 on February 12th to 22,491,588 on February 27th. Based on the company's average daily trading volume of 10,917,804 shares, the current short interest ratio is 2.1 days, meaning it would take short sellers just over 2 days to cover their positions.

  • As of February 27th, 2026, Permian Resources had short interest totaling 22,491,588 shares.
  • On February 12th, 2026, Permian Resources had short interest totaling 27,748,434 shares.

The players

Permian Resources Corporation

An independent exploration and production company focused on the Permian Basin, a major oil and gas producing region in West Texas and southeastern New Mexico.

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The takeaway

The decline in short interest in Permian Resources suggests that investors are becoming more bullish on the company's prospects, as it continues to focus on the prolific Permian Basin. However, the stock remains heavily shorted, with 3.1% of shares currently sold short, indicating that some investors remain skeptical about the company's long-term outlook.