Ensco Rowan (ESV) Short Interest Ratio & Short Volume

Short interest is the volume of Ensco Rowan shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 25,190,200 shares of ESV short. 12.87% of Ensco Rowan's shares are currently sold short. Learn More on Ensco Rowan'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. ESV shares currently have a short interest ratio of 5.0. Learn More on Ensco Rowan'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. 12.87% of Ensco Rowan's floating shares are currently sold short.

Ensco Rowan saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 25,190,200 shares, an increase of 44.4% from the previous total of 17,448,000 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.

Ensco Rowan currently has issued a total of 197,540,000 shares. Some of Ensco Rowan'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. Ensco Rowan currently has a public float of 195,793,900 shares.

12.87% of Ensco Rowan's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Ensco Rowan: Independence Contract Drilling, Inc. (4.35%), Global Gas Co. (2.05%), Complete Solaria, Inc. (0.53%), VivoPower International PLC (1.22%), Snow Lake Resources Ltd. (0.26%), iSun, Inc. (1.34%), Marine Petroleum Trust (0.06%), Heliogen, Inc. (2.74%), Alternus Clean Energy Inc (4.87%), Sunrise New Energy Co., Ltd. (0.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Harris Co. ($2.05 billion), Tableau Software Inc ($698.98 million), GDS Holdings Limited ($419.61 million), Ziff Davis, Inc. ($386.60 million), Bemis Company, Inc. ($289.94 million), Ensco Rowan PLC ($284.40 million), YETI Holdings, Inc. ($261.49 million), Chemical Financial Co. ($186.31 million), Luxoft Holding Inc ($111.64 million), and Electronics For Imaging, Inc. ($89.04 million). View all of the most shorted stocks.

Short selling ESV is an investing strategy that aims to generate trading profit from Ensco Rowan 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 Ensco Rowan 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 ESV, 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 ESV, twice per month. The most recent reporting period available is May, 15 2019.