COMPANHIA ENERG/S (CIG.C) Short Interest Ratio & Short Volume

Short interest is the volume of COMPANHIA ENERG/S shares that have been sold short but have not yet been closed out or covered. As of December 15th, investors have sold 32,700 shares of CIG.C short. Learn More on COMPANHIA ENERG/S'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. CIG.C shares currently have a short interest ratio of 1.0. Learn More on COMPANHIA ENERG/S's short interest ratio.

COMPANHIA ENERG/S saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 32,700 shares, a decrease of 17.4% from the previous total of 39,600 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.

Here is how the short interest of companies in the industry of "utilities" compare to COMPANHIA ENERG/S: Enlight Renewable Energy Ltd. (0.11%), Constellation Energy Corporation (2.11%), National Grid Transco, PLC (0.19%), Enterprise Products Partners L.P. (1.78%), Vistra Corp. (0.00%), Energy Transfer LP (0.78%), American Electric Power Company, Inc. (3.97%), TC Energy Corporation (5.60%), Exelon Corporation (2.05%), Xcel Energy Inc. (0.98%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($10.20 billion), S&P Global Inc. ($9.27 billion), Canadian Pacific Kansas City Limited ($8.89 billion), Charter Communications, Inc. ($4.91 billion), Palo Alto Networks, Inc. ($3.82 billion), Wayfair Inc. ($3.47 billion), Lucid Group, Inc. ($3.06 billion), Zscaler, Inc. ($2.54 billion), Teladoc Health, Inc. ($2.27 billion), and Datadog, Inc. ($2.24 billion). View all of the most shorted stocks.

Short selling CIG.C is an investing strategy that aims to generate trading profit from COMPANHIA ENERG/S as its price is falling. CIG.C shares are trading down $0.03 today. 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 COMPANHIA ENERG/S 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 CIG.C, 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 CIG.C, twice per month. The most recent reporting period available is December, 15 2021.