EnLink Midstream (ENLC) Short Interest Ratio & Short Volume

Short interest is the volume of EnLink Midstream shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 11,600,000 shares of ENLC short. 5.16% of EnLink Midstream's shares are currently sold short. Learn More on EnLink Midstream'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. ENLC shares currently have a short interest ratio of 6.0. Learn More on EnLink Midstream'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. 5.16% of EnLink Midstream's floating shares are currently sold short.

EnLink Midstream saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 11,600,000 shares, a decline of 2.7% from the previous total of 11,920,000 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.

EnLink Midstream currently has issued a total of 453,177,000 shares. Some of EnLink Midstream's 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. EnLink Midstream currently has a public float of 224,990,000 shares.

5.16% of EnLink Midstream's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to EnLink Midstream: DT Midstream, Inc. (3.74%), Antero Midstream Co. (4.09%), Equitrans Midstream Co. (2.18%), Archrock, Inc. (3.43%), USA Compression Partners LP (3.93%), Transportadora de Gas del Sur S.A. (0.34%), Kodiak Gas Services, Inc. (11.93%), Western Midstream Partners, LP (3.04%), Nextracker Inc. (7.55%), SM Energy (9.22%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling ENLC is an investing strategy that aims to generate trading profit from EnLink Midstream as its price is falling. ENLC shares are trading up $0.17 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 EnLink Midstream 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 ENLC, 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 ENLC, twice per month. The most recent reporting period available is March, 31 2024.