Oasis Petroleum Short Interest Ratio and Short Volume

Short interest is the volume of Oasis Petroleum shares that have been sold short but have not yet been closed out or covered. As of May 28th, traders have sold 494,700 shares of OAS short. 2.72% of Oasis Petroleum's shares are currently sold short. View details.

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. Oasis Petroleum currently has a short interest ratio of 2.0.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.72% of Oasis Petroleum's floating shares are currently sold short.

Oasis Petroleum saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 494,700 shares, an increase of 197.7% from the previous total of 166,200 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.

Oasis Petroleum currently has issued a total of 20,093,000 shares. Some of Oasis Petroleum's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Oasis Petroleum currently has a public float of 18,170,000 shares.

2.72% of Oasis Petroleum's shares are currently sold short. Here is how the short interest of companies in the industry of "crude petroleum & natural gas" compare to Oasis Petroleum: Ovintiv Inc. (3.08%), Cimarex Energy Co. (2.27%), Cabot Oil & Gas Co. (8.64%), EQT Co. (4.62%), PDC Energy, Inc. (6.55%), Antero Resources Co. (9.47%), Matador Resources (11.76%), Denbury Inc. (7.51%), Murphy Oil Co. (8.72%), and Range Resources Co. (11.83%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($25.04 billion), AstraZeneca PLC ($7.50 billion), Aon plc ($7.09 billion), Square, Inc. ($6.95 billion), Analog Devices, Inc. ($6.90 billion), Advanced Micro Devices, Inc. ($6.79 billion), Charter Communications, Inc. ($6.18 billion), S&P Global Inc. ($5.54 billion), Sea Limited ($4.96 billion), and Wayfair Inc. ($4.25 billion). View all of the most shorted stocks.

Short selling OAS is an investing strategy that aims to generate trading profit from Oasis Petroleum as its price is falling. Oasis Petroleum's stock is trading down $0.07 today. To short Oasis Petroleum 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 Oasis Petroleum 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 Oasis Petroleum 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 OAS, 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 OAS, twice per month. The most recent reporting period available is May, 28 2021.