Brigham Minerals (MNRL) Short Interest Ratio & Short Volume

Short interest is the volume of Brigham Minerals shares that have been sold short but have not yet been covered or closed out. As of December 15th, traders have sold 1,790,000 shares of MNRL short. Learn More on Brigham Minerals' 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. MNRL shares currently have a short interest ratio of 4.0. Learn More on Brigham Minerals's short interest ratio.

Brigham Minerals saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,790,000 shares, an increase of 9.8% from the previous total of 1,630,000 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 industry of "crude petroleum & natural gas" compare to Brigham Minerals: Comstock Resources, Inc. (25.38%), APA Co. (9.54%), Chord Energy Co. (3.77%), Matador Resources (7.06%), CNX Resources Co. (18.44%), Vista Energy, S.A.B. de C.V. (2.26%), Magnolia Oil & Gas Co. (14.02%), Veren Inc. (2.65%), California Resources Co. (4.35%), Murphy Oil Co. (15.38%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), PG&E Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling MNRL is an investing strategy that aims to generate trading profit from Brigham Minerals 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 Brigham Minerals 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 MNRL, 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 MNRL, twice per month. The most recent reporting period available is December, 15 2022.