Enel Américas (ENIA) Short Interest Ratio & Short Volume

Short interest is the volume of Enel Américas shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 4,700,000 shares of ENIA short. 0.22% of Enel Américas' shares are currently sold short. Learn More on Enel Américas' 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. ENIA shares currently have a short interest ratio of 2.0. Learn More on Enel Américas'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. 0.22% of Enel Américas' floating shares are currently sold short.

Enel Américas saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 4,700,000 shares, an increase of 46.4% from the previous total of 3,210,000 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.

0.22% of Enel Américas' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Enel Américas: Clearway Energy, Inc. (2.65%), Brookfield Renewable Co. (3.91%), Ormat Technologies, Inc. (5.45%), NextEra Energy Partners, LP (5.19%), Atlantica Sustainable Infrastructure plc (4.09%), ReNew Energy Global Plc (4.14%), Enlight Renewable Energy Ltd (0.55%), Murphy Oil Co. (4.64%), PBF Energy Inc. (10.42%), Nextracker Inc. (7.55%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.12 billion), Palo Alto Networks, Inc. ($3.85 billion), Lucid Group, Inc. ($2.66 billion), HP Inc. ($2.31 billion), Coinbase Global, Inc. ($2.14 billion), GameStop Corp. ($1.94 billion), T. Rowe Price Group, Inc. ($1.91 billion), Chesapeake Energy Co. ($1.79 billion), Rivian Automotive, Inc. ($1.62 billion), and Carnival Co. & plc ($1.59 billion). View all of the most shorted stocks.

Short selling ENIA is an investing strategy that aims to generate trading profit from Enel Américas 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 Enel Américas 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 ENIA, 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 ENIA, twice per month. The most recent reporting period available is May, 31 2022.