Montage Resources Short Interest Ratio and Short Volume

Short interest is the volume of Montage Resources shares that have been sold short but have not yet been closed out or covered. As of October 30th, traders have sold 1,490,000 shares of MR short. 7.09% of Montage Resources' 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. Montage Resources 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. 7.09% of Montage Resources' floating shares are currently sold short.

Montage Resources saw a decrease in short interest in October. As of October 30th, there was short interest totaling 1,490,000 shares, a decrease of 7.5% from the previous total of 1,610,000 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.

Montage Resources currently has issued a total of 36,024,000 shares. Some of Montage Resources' 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. Montage Resources currently has a public float of 21,030,000 shares.

7.09% of Montage Resources' shares are currently sold short. Here is how the short interest of companies in the industry of "crude petroleum & natural gas" compare to Montage Resources: Enerplus Co. (2.51%), Par Pacific Holdings, Inc. (0.00%), GeoPark Limited (0.43%), QEP Resources, Inc. (1.82%), Centennial Resource Development, Inc. (10.78%), Kimbell Royalty Partners, LP (1.36%), Callon Petroleum (26.64%), Northern Oil and Gas, Inc. (11.67%), Contango Oil & Gas (0.00%), and Birchcliff Energy Ltd. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.66 billion), Aon Plc ($3.83 billion), Analog Devices, Inc. ($3.33 billion), ViacomCBS Inc. ($3.13 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.85 billion), Uber Technologies, Inc. ($2.80 billion), Moderna, Inc. ($2.26 billion), Simon Property Group, Inc. ($2.02 billion), and International Flavors & Fragrances Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling MR is an investing strategy that aims to generate trading profit from Montage Resources as its price is falling. To short Montage Resources 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 Montage Resources 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 Montage Resources 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 MR, 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 MR, twice per month. The most recent reporting period available is October, 30 2020.