Progressive Number of Shares Shorted

PGR
 Stock
  

USD 130.02  1.55  1.18%   

Progressive Corp fundamentals help investors to digest information that contributes to Progressive Corp's financial success or failures. It also enables traders to predict the movement of Progressive Stock. The fundamental analysis module provides a way to measure Progressive Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Progressive Corp stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

Progressive Number of Shares Shorted Analysis

Progressive Corp's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
 2019 2020 2021 2022 (projected)
PPandE Turnover33.2836.6842.5345.88
Calculated Tax Rate22.8720.4720.4126.48
Shares Shorted 
 = 
Shorted by Public 
by Institutions 
More About Number of Shares Shorted | All Equity Analysis

Current Progressive Corp Number of Shares Shorted

    
  4.3 M  
Most of Progressive Corp's fundamental indicators, such as Number of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Progressive Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Progressive Number of Shares Shorted Driver Correlations

Understanding the fundamental principles of building solid financial models for Progressive Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Number of Shares Shorted. Since Progressive Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Progressive Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Progressive Corp's interrelated accounts and indicators.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Compare to competition

Based on the recorded statements, Progressive Corp has 4.3 M of outstending shares currently sold short by investors. This is 25.46% lower than that of the Financial Services sector and significantly higher than that of the Insurance—Property & Casualty industry. The number of shares shorted for all United States stocks is 8.61% higher than that of the company.

Progressive Number of Shares Shorted Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Progressive Corp's direct or indirect competition against its Number of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Progressive Corp could also be used in its relative valuation, which is a method of valuing Progressive Corp by comparing valuation metrics of similar companies.
Progressive Corp is currently under evaluation in number of shares shorted category among related companies.

Progressive Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Progressive Corp from analyzing Progressive Corp's financial statements. These drivers represent accounts that assess Progressive Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Progressive Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee47.31 K70.03 K95.51 K131.31 K68.28 K60.53 K
Revenue Per Employee797.45 K856.29 K938.69 K981.89 K971.98 K838.77 K
Average Assets28.98 B32.43 B37.28 B44.2 B50.83 B42.84 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.17 B1.78 B2.52 B3.59 B4.12 B3.38 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.17 B1.78 B2.52 B3.59 B4.12 B3.38 B
Earnings before Tax1.88 B1.44 B2.13 B3.16 B3.63 B2.96 B
Average Equity7.33 B7.86 B9.02 B11 B12.65 B10.84 B
Enterprise Value21.11 B23.61 B35.81 B38.92 B44.76 B35.94 B
Free Cash Flow2.17 B2.52 B3.62 B6.03 B6.93 B7.48 B
Invested Capital31.36 B35.47 B40.91 B50.16 B57.68 B48.05 B
Invested Capital Average30.74 B34.26 B39.49 B47.29 B54.38 B45.9 B
Market Capitalization18.59 B20.62 B32.76 B35.18 B40.46 B32.27 B
Tangible Asset Value28.88 B32.55 B37.88 B45.83 B52.7 B44.01 B

Progressive Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Progressive Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Progressive Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Progressive Fundamentals

About Progressive Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Progressive Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Progressive Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Progressive Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people.

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Progressive Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

Currently Active Assets on Macroaxis

Please check Progressive Corp Piotroski F Score and Progressive Corp Altman Z Score analysis. Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Progressive Corp price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.053
Market Capitalization
77 B
Quarterly Revenue Growth YOY
0.078
Return On Assets
0.0131
Return On Equity
0.0514
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Progressive Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.