RGC Resources Short Interest Ratio and Short Volume

Short interest is the volume of RGC Resources shares that have been sold short but have not yet been covered or closed out. As of February 12th, traders have sold 64,800 shares of RGCO short. 0.90% of RGC Resources' 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. RGC Resources currently has a short interest ratio of 4.0.

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. 0.90% of RGC Resources' floating shares are currently sold short.

RGC Resources saw a drop in short interest during the month of February. As of February 12th, there was short interest totaling 64,800 shares, a drop of 4.7% from the previous total of 68,000 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.

RGC Resources currently has issued a total of 8,215,000 shares. Some of RGC Resources' 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. RGC Resources currently has a public float of 7,170,000 shares.

0.90% of RGC Resources' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to RGC Resources: Oasis Midstream Partners LP (1.88%), Transportadora de Gas del Sur S.A. (0.79%), Global Partners LP (0.15%), Bonanza Creek Energy, Inc. (10.11%), CrossAmerica Partners LP (0.22%), FutureFuel Corp. (1.80%), Kimbell Royalty Partners, LP (1.15%), Select Energy Services, Inc. (1.09%), Petrofac Limited (0.00%), and Birchcliff Energy Ltd. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($6.50 billion), Aon Plc ($5.58 billion), Charter Communications, Inc. ($5.30 billion), Analog Devices, Inc. ($4.97 billion), Snap Inc. ($3.80 billion), Futu Holdings Limited ($2.84 billion), Airbnb, Inc. ($2.40 billion), Discovery, Inc. ($2.35 billion), Snowflake Inc. ($2.07 billion), and The Kroger Co. ($2.00 billion). View all of the most shorted stocks.

Short selling RGCO is an investing strategy that aims to generate trading profit from RGC Resources as its price is falling. RGC Resources' stock is trading up $0.21 today. To short RGC Resources 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 RGC Resources 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 RGC Resources 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 RGCO, 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 RGCO, twice per month. The most recent reporting period available is February, 12 2021.