FLEX LNG Short Interest Ratio and Short Volume

Short interest is the volume of FLEX LNG shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 145,100 shares of FLNG short. 0.51% of FLEX LNG's shares are currently sold short. View details.

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. FLEX LNG currently has a short interest ratio of 2.0.

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. 0.51% of FLEX LNG's floating shares are currently sold short.

FLEX LNG saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 145,100 shares, an increase of 22.9% from the previous total of 118,100 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.

FLEX LNG currently has issued a total of 53,210,000 shares. Some of FLEX LNG'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. FLEX LNG currently has a public float of 28,390,000 shares.

0.51% of FLEX LNG's shares are currently sold short. Here is how the short interest of companies in the industry of "water transportation" compare to FLEX LNG: Teekay LNG Partners L.P. (0.73%), Golar LNG Limited (5.40%), Golden Ocean Group Limited (1.64%), KNOT Offshore Partners LP (0.65%), Tidewater Inc. (0.00%), International Seaways, Inc. (4.53%), GasLog Ltd. (8.46%), Höegh LNG Partners LP (0.84%), Nordic American Tankers Limited (0.00%), and Teekay Tankers Ltd. (5.48%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling FLNG is an investing strategy that aims to generate trading profit from FLEX LNG as its price is falling. FLEX LNG's stock is trading up $0.29 today. To short FLEX LNG 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 FLEX LNG 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 FLEX LNG 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 FLNG, 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 FLNG, twice per month. The most recent reporting period available is April, 15 2021.