Short Interest in ProPetro Holding Corp. Declines By 16.7%

Analysts raise price targets as short bets on the oilfield services firm drop

Apr. 1, 2026 at 2:36am

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ProPetro Holding Corp. (NYSE:PUMP) saw a significant 16.7% decline in short interest during March, with short positions dropping to 9.4 million shares. Analysts have raised their price targets for the stock, citing the company's improved financial performance and outlook.

Why it matters

The decline in short interest suggests investors are becoming more bullish on ProPetro's prospects, as the oilfield services firm navigates a challenging market environment. Reduced short bets could signal growing confidence in the company's ability to weather industry headwinds.

The details

As of March 13th, ProPetro had 9,368,629 shares sold short, down from 11,249,451 shares at the end of February. This represents 7.8% of the company's total shares outstanding. The days-to-cover ratio, which measures the time it would take to cover all short positions, fell to 2.9 days from 3.4 days previously.

  • Short interest data is as of March 13th, 2026.
  • ProPetro's latest earnings report was released on February 18th, 2026.

The players

ProPetro Holding Corp.

A publicly traded oilfield services company that specializes in hydraulic fracturing and well completion solutions for exploration and production operators. Headquartered in Midland, Texas.

Piper Sandler

An investment bank that has raised its price target for ProPetro shares.

Barclays

A bank that has boosted its price target and rating for ProPetro.

JPMorgan Chase & Co.

A bank that has upgraded ProPetro to 'overweight' and increased its price target.

Bank of America

A bank that has initiated coverage of ProPetro with a 'buy' rating and $18 price target.

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What they’re saying

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The takeaway

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