Extraction Oil & Gas (XOG) Short Interest Ratio & Short Volume

Short interest is the volume of Extraction Oil & Gas shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 383,900 shares of XOG short. 2.89% of Extraction Oil & Gas' shares are currently sold short. Learn More on Extraction Oil & Gas' 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. XOG shares currently have a short interest ratio of 2.0. Learn More on Extraction Oil & Gas'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. 2.89% of Extraction Oil & Gas' floating shares are currently sold short.

Extraction Oil & Gas saw a increase in short interest in October. As of October 15th, there was short interest totaling 383,900 shares, an increase of 8.9% from the previous total of 352,600 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.

Extraction Oil & Gas currently has issued a total of 25,841,000 shares. Some of Extraction Oil & Gas' 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. Extraction Oil & Gas currently has a public float of 13,290,000 shares.

2.89% of Extraction Oil & Gas' shares are currently sold short. Here is how the short interest of companies in the sector of "energy" compare to Extraction Oil & Gas: Comstock Resources, Inc. (25.38%), APA Co. (9.54%), Chord Energy Co. (3.77%), Matador Resources (7.06%), CNX Resources Co. (18.44%), Vista Energy, S.A.B. de C.V. (2.26%), Magnolia Oil & Gas Co. (14.02%), Veren Inc. (2.65%), California Resources Co. (4.35%), Black Stone Minerals, L.P. (1.23%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($7.75 billion), S&P Global Inc. ($7.73 billion), Charter Communications, Inc. ($5.40 billion), Snowflake Inc. ($4.50 billion), Canadian Pacific Kansas City Limited ($4.39 billion), Uber Technologies, Inc. ($4.21 billion), Wayfair Inc. ($4.15 billion), Palo Alto Networks, Inc. ($3.27 billion), Teladoc Health, Inc. ($2.78 billion), and DoorDash, Inc. ($2.62 billion). View all of the most shorted stocks.

Short selling XOG is an investing strategy that aims to generate trading profit from Extraction Oil & Gas 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 Extraction Oil & Gas 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 XOG, 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 XOG, twice per month. The most recent reporting period available is October, 15 2021.