National Energy Services Reunited (NESRW) Short Interest Ratio & Short Volume

Short interest is the volume of National Energy Services Reunited shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 205,300 shares of NESRW short. Learn More on National Energy Services Reunited'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. NESRW shares currently have a short interest ratio of 6.0. Learn More on National Energy Services Reunited's short interest ratio.

National Energy Services Reunited saw a increase in short interest in April. As of April 15th, there was short interest totaling 205,300 shares, an increase of 2.3% from the previous total of 200,600 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 "energy" compare to National Energy Services Reunited: Enlight Renewable Energy Ltd. (0.06%), Exxon Mobil Corporation (0.90%), Chevron Corporation (3.58%), Shell PLC Unsponsored ADR (0.38%), TotalEnergies SE Sponsored ADR (0.28%), GE Vernova Inc. (2.20%), ConocoPhillips (1.35%), Constellation Energy Corporation (2.38%), Enbridge Inc (1.04%), Petroleo Brasileiro S.A.- Petrobras (0.43%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.69 billion), Occidental Petroleum Corporation ($3.22 billion), Coinbase Global, Inc. ($2.54 billion), T. Rowe Price Group, Inc. ($2.33 billion), Paramount Global ($2.10 billion), Verisk Analytics, Inc. ($2.03 billion), Etsy, Inc. ($1.67 billion), Old Dominion Freight Line, Inc. ($1.62 billion), CarMax, Inc. ($1.60 billion), and Extra Space Storage Inc ($1.60 billion). View all of the most shorted stocks.

Short selling NESRW is an investing strategy that aims to generate trading profit from National Energy Services Reunited as its price is falling. NESRW shares are trading down $0.00 today. 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 National Energy Services Reunited occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of NESRW, 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 NESRW, twice per month. The most recent reporting period available is April, 15 2023.