TransGlobe Energy (TGA) Short Interest Ratio & Short Volume

Short interest is the volume of TransGlobe Energy shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 707,000 shares of TGA short. 1.06% of TransGlobe Energy's shares are currently sold short. Learn More on TransGlobe 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. TGA shares currently have a short interest ratio of 1.0. Learn More on TransGlobe Energy's short interest ratio.

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. 1.06% of TransGlobe Energy's floating shares are currently sold short.

TransGlobe Energy saw a increase in short interest in September. As of September 30th, there was short interest totaling 707,000 shares, an increase of 65.0% from the previous total of 428,400 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.

TransGlobe Energy currently has issued a total of 73,309,000 shares. Some of TransGlobe Energy'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. TransGlobe Energy currently has a public float of 66,970,000 shares.

1.06% of TransGlobe Energy's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to TransGlobe Energy: Amplify Energy Corp. (3.85%), W&T Offshore, Inc. (20.67%), PrimeEnergy Resources Co. (0.58%), Prairie Operating Co. (3.01%), Greenfire Resources Ltd. (0.08%), PHX Minerals Inc. (0.35%), Epsilon Energy Ltd. (0.67%), MV Oil Trust (0.36%), PermRock Royalty Trust (0.29%), TETRA Technologies, Inc. (2.39%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.27 billion), Charter Communications, Inc. ($2.66 billion), TC Energy Co. ($2.53 billion), Chesapeake Energy Co. ($1.86 billion), Coinbase Global, Inc. ($1.83 billion), Lucid Group, Inc. ($1.78 billion), T. Rowe Price Group, Inc. ($1.77 billion), Rivian Automotive, Inc. ($1.69 billion), Zoom Video Communications, Inc. ($1.35 billion), and Williams-Sonoma, Inc. ($1.35 billion). View all of the most shorted stocks.

Short selling TGA is an investing strategy that aims to generate trading profit from TransGlobe 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 TransGlobe Energy 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 TGA, 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 TGA, twice per month. The most recent reporting period available is September, 30 2022.