Azure Power Global (AZRE) Short Interest Ratio & Short Volume

Short interest is the volume of Azure Power Global shares that have been sold short but have not yet been closed out or covered. As of June 30th, investors have sold 540,800 shares of AZRE short. Learn More on Azure Power Global'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. AZRE shares currently have a short interest ratio of 2.0. Learn More on Azure Power Global's short interest ratio.

Azure Power Global saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 540,800 shares, a decrease of 31.3% from the previous total of 787,100 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 "oils/energy" compare to Azure Power Global: Via Renewables, Inc. (1.88%), Nine Energy Service, Inc. (13.73%), Stabilis Solutions, Inc. (0.26%), Cross Timbers Royalty Trust (0.02%), Smart Sand, Inc. (0.60%), NeoVolta Inc. (0.60%), Profire Energy, Inc. (2.15%), North European Oil Royalty Trust (0.96%), Emeren Group Ltd (2.87%), Tigo Energy, Inc. (0.55%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling AZRE is an investing strategy that aims to generate trading profit from Azure Power 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 Azure Power Global 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 AZRE, 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 AZRE, twice per month. The most recent reporting period available is June, 30 2023.