Earthstone Energy (ESTE) Short Interest Ratio & Short Volume

Short interest is the volume of Earthstone Energy shares that have been sold short but have not yet been closed out or covered. As of October 15th, traders have sold 4,090,000 shares of ESTE short. Learn More on Earthstone Energy'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. ESTE shares currently have a short interest ratio of 2.0. Learn More on Earthstone Energy's short interest ratio.

Earthstone Energy saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,090,000 shares, an increase of 0.2% from the previous total of 4,080,000 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.

Here is how the short interest of companies in the sector of "oils/energy" compare to Earthstone Energy: Kosmos Energy Ltd. (8.36%), Comstock Resources, Inc. (37.19%), Black Stone Minerals, L.P. (2.79%), Talos Energy Inc. (6.30%), CNX Resources Co. (19.33%), Atlas Energy Solutions Inc. (9.76%), California Resources Co. (11.03%), Vital Energy, Inc. (39.76%), Crescent Energy (11.02%), Par Pacific Holdings, Inc. (5.62%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling ESTE is an investing strategy that aims to generate trading profit from Earthstone Energy 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 Earthstone Energy 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 ESTE, 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 ESTE, twice per month. The most recent reporting period available is October, 15 2023.