ReNew Energy Global (RNWWW) Short Interest Ratio & Short Volume

Short interest is the volume of ReNew Energy Global shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 1,300 shares of RNWWW short. Learn More on ReNew Energy Global's current short interest.

ReNew Energy Global saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 1,300 shares, a decline of 45.8% from the previous total of 2,400 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 "utilities" compare to ReNew Energy Global: Korea Electric Power Co. (0.03%), Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (0.08%), Telecom Argentina S.A. (0.89%), Polar Power, Inc. (2.43%), Brooge Energy Limited (1.33%), Pure Cycle Co. (1.14%), Global Water Resources, Inc. (0.83%), Artesian Resources Co. (1.69%), Consolidated Water Co. Ltd. (3.37%), Genie Energy Ltd. (5.81%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling RNWWW is an investing strategy that aims to generate trading profit from ReNew Energy Global 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 ReNew Energy Global 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 RNWWW, 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 RNWWW, twice per month. The most recent reporting period available is May, 31 2023.