DNP Select Income Fund - DNP Short Interest Ratio & Short Volume

Short interest is the volume of DNP Select Income Fund shares that have been sold short but have not yet been covered or closed out. As of February 28th, traders have sold 398,100 shares of DNP short. Learn More on DNP Select Income Fund'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. DNP shares currently have a short interest ratio of 1.0. Learn More on DNP Select Income Fund's short interest ratio.

DNP Select Income Fund saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 398,100 shares, a drop of 1.8% from the previous total of 405,600 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 "investment offices, not elsewhere classified" compare to DNP Select Income Fund: Nuveen Municipal Value Fund, Inc. (0.03%), Adams Diversified Equity Fund, Inc. (0.55%), Hercules Capital, Inc. (4.44%), Liberty All-Star Equity Fund (0.11%), Goldman Sachs BDC, Inc. (1.81%), Tri-Continental Co. (1.47%), Royce Value Trust Inc. (0.03%), PIMCO Corporate & Income Opportunity Fund (0.11%), SRH Total Return Fund, Inc. (0.01%), and Nuveen Nasdaq 100 Dynamic Overwrite Fund (0.53%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling DNP is an investing strategy that aims to generate trading profit from DNP Select Income Fund as its price is falling. DNP 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 DNP Select Income Fund 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 DNP, 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 DNP, twice per month. The most recent reporting period available is February, 28 2023.