Toro Energy (TOEYF) Short Interest Ratio & Short Volume

Short interest is the volume of Toro Energy shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 6,900 shares of TOEYF short. Learn More on Toro Energy's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. TOEYF shares currently have a short interest ratio of 9.0. Learn More on Toro Energy's short interest ratio.

Toro Energy saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 6,900 shares, a decrease of 1.4% from the previous total of 7,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "basic materials" compare to Toro Energy: NioCorp Developments Ltd. (2.28%), Trilogy Metals Inc. (0.96%), U.S. GoldMining Inc. (0.07%), Western Uranium & Vanadium Corp. (0.06%), Solitario Resources Corp. (0.19%), Americas Silver Corp (1.15%), Peninsula Energy Limited (0.23%), Hycroft Mining Holding Co. (8.03%), Augusta Gold Corp. (0.02%), 5E Advanced Materials, Inc. (7.69%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.43 billion), Charter Communications, Inc. ($3.54 billion), Occidental Petroleum Co. ($3.11 billion), Moderna, Inc. ($2.88 billion), General Motors ($2.62 billion), Royal Caribbean Cruises Ltd. ($2.34 billion), Coinbase Global, Inc. ($2.25 billion), Tractor Supply ($2.12 billion), Dell Technologies Inc. ($1.89 billion), and Enphase Energy, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling TOEYF is an investing strategy that aims to generate trading profit from Toro Energy as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Toro Energy occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of TOEYF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TOEYF, twice per month. The most recent reporting period available is May, 31 2024.