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Northern Oil and Gas (NOG) Short Interest Ratio & Short Volume

Northern Oil and Gas logo
$19.49 +0.18 (+0.93%)
Closing price 06/23/2026 03:58 PM Eastern
Extended Trading
$19.27 -0.22 (-1.11%)
As of 05:23 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Northern Oil and Gas Short Interest Overview

As of May 29, 2026, Northern Oil and Gas (NOG) had a short interest of 17.43 million shares sold short, representing 16.49% of the public float. This marks a 1.62% increase in short interest since the prior report. The short interest ratio (days to cover) is 6.6, meaning it would take 6.6 days of the average trading volume of 2.84 million shares to cover all short positions.

Current Short Interest
17,432,322 shares
Previous Short Interest
17,154,867 shares
Change Vs. Previous Month
1.62%
Dollar Volume Sold Short
$379.05 million
Short Interest Ratio
6.6 Days to Cover
Last Record Date
May 29, 2026
Outstanding Shares
108,784,000 shares
Short Percent of Float
16.49%
Today's Trading Volume
2,891,777 shares
Average Trading Volume
2,841,114 shares
Today's Volume Vs. Average
102%
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Short Interest ChartDays to Cover ChartShort Percent of Float Chart

NOG Short Interest Over Time

NOG Days to Cover Over Time

NOG Percentage of Float Shorted Over Time

Northern Oil and Gas Tesla Short Interest History & Recent Changes

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Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/29/202617,432,322 shares $379.05 million +1.6%16.5%6.64 $21.74
5/15/202617,154,867 shares $418.49 million +1.4%16.7%6.31 $24.40
4/30/202616,925,513 shares $459.38 million -3.9%16.5%6.21 $27.14
4/15/202617,615,681 shares $456.70 million +0.9%16.7%8.7 $25.93
3/31/202617,460,884 shares $509.79 million -0.7%18.5%5.7 $29.20
3/13/202617,584,364 shares $483.96 million -1.4%18.6%4.56 $27.52
2/27/202617,826,806 shares $492.73 million -3.9%18.9%8.99 $27.64
2/13/202618,558,466 shares $481.48 million -1.7%17.6%10.23 $25.94
1/30/202618,873,003 shares $472.39 million -3.1%19.9%9.25 $25.03
1/15/202619,485,822 shares $439.31 million -0.7%20.6%8.68 $22.55
12/31/202519,631,682 shares $421.10 million +1.2%20.7%8.63 $21.45
12/15/202519,396,102 shares $438.89 million -3.8%20.5%7.75 $22.63
11/28/202520,168,011 shares $456.36 million +0.5%21.3%9.64 $22.63
11/14/202520,060,081 shares $447.44 million -2.6%21.2%8.86 $22.31
10/31/202520,604,271 shares $455.05 million +0.8%21.7%9.91 $22.09
10/15/202520,450,000 shares $444.89 million -5.2%21.6%10.5 $21.76
9/30/202521,560,000 shares $534.26 million -0.6%22.8%11.5 $24.78
9/15/202521,690,000 shares $541.17 million -1.9%22.9%12 $24.95
8/31/202522,100,000 shares $578.73 million +2.9%23.3%11.8 $26.19
8/15/202521,480,000 shares $524.54 million +0.5%22.7%11.4 $24.42
7/31/202521,380,000 shares $601.16 million +3.0%22.6%11.4 $28.12
7/15/202520,760,000 shares $581.61 million +8.7%21.7%11.4 $28.02
6/30/202519,100,000 shares $540.91 million +2.3%19.9%9.9 $28.32
6/15/202518,680,000 shares $601.68 million -1.9%19.5%9.7 $32.21
5/31/202519,050,000 shares $506.92 million -2.6%19.9%10.5 $26.61
5/15/202519,550,000 shares $561.09 million +2.1%20.4%9.9 $28.70
4/30/202519,150,000 shares $464.39 million -6.0%20.0%9.8 $24.25
4/15/202520,380,000 shares $456.61 million +4.0%21.2%10.8 $22.41
3/31/202519,600,000 shares $592.68 million -2.2%20.4%10.7 $30.24
3/15/202520,050,000 shares $589.43 million +21.2%20.8%11.9 $29.40
2/28/202516,550,000 shares $520.75 million +1.5%17.2%10 $31.47
2/15/202516,310,000 shares $572.73 million +5.7%17.8%11.4 $35.12
1/31/202515,430,000 shares $554.43 million +5.9%16.8%11.3 $35.93
1/15/202514,570,000 shares $608.59 million -5.0%15.8%11.2 $41.77
12/31/202415,330,000 shares $569.66 million +4.9%16.6%12.6 $37.16
12/15/202414,610,000 shares $594.77 million +0.8%15.8%11.3 $40.71
11/30/202414,500,000 shares $630.61 million -3.0%15.7%11.9 $43.49
11/15/202414,950,000 shares $605.33 million -4.2%16.2%11.9 $40.49
10/31/202415,600,000 shares $565.50 million -3.8%16.9%12.2 $36.25
10/15/202416,220,000 shares $609.87 million -2.1%17.5%11.6 $37.60
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9/30/202416,560,000 shares $586.22 million +4.4%17.9%11.2 $35.40
9/15/202415,860,000 shares $546.22 million +1.8%17.1%10.4 $34.44
8/31/202415,580,000 shares $619.77 million +3.5%16.8%10.5 $39.78
8/15/202415,050,000 shares $594.02 million +8.8%16.2%10.4 $39.47
7/31/202413,830,000 shares $597.32 million +3.1%14.9%9.5 $43.19
7/15/202413,420,000 shares $546.06 million +3.6%14.3%10.1 $40.69
6/30/202412,950,000 shares $481.35 million +9.0%13.8%9.8 $37.17
6/15/202411,880,000 shares $440.15 million +2.2%12.7%9.4 $37.05
5/31/202411,620,000 shares $475.49 million -1.9%12.4%9.5 $40.92
5/15/202411,840,000 shares $476.44 million +11.1%12.6%9.3 $40.24
4/30/202410,660,000 shares $434.82 million +4.5%11.4%8.3 $40.79
4/15/202410,200,000 shares $431.97 million +6.8%10.9%8 $42.35
3/31/20249,550,000 shares $378.94 million +10.0%10.2%7.6 $39.68
3/15/20248,680,000 shares $329.06 million -20.7%9.3%7.1 $37.91
2/29/202410,950,000 shares $391.35 million +2.6%11.7%8 $35.74
2/15/202410,670,000 shares $366.03 million +10.7%11.5%8 $34.31
1/31/20249,640,000 shares $322.75 million +4.7%10.4%7.4 $33.48
1/15/20249,210,000 shares $331.19 million -17.6%9.9%6.9 $35.96
12/31/202311,170,000 shares $414.07 million +27.7%12.0%7.5 $37.07
12/15/20238,750,000 shares $320.64 million +18.4%9.4%5.8 $36.65
11/30/20237,390,000 shares $276.53 million -11.1%7.9%5.1 $37.42
11/15/20238,310,000 shares $305.39 million +4.9%8.9%5.9 $36.75
10/31/20237,920,000 shares $303.65 million -8.0%8.5%5.4 $38.34
10/15/20238,610,000 shares $348.96 million -13.6%9.4%5.7 $40.53
9/30/20239,970,000 shares $401.09 million +13.7%11.6%7.5 $40.23
9/15/20238,770,000 shares $351.94 million +4.7%10.2%6.4 $40.13
8/31/20238,380,000 shares $350.54 million -13.3%9.8%6.2 $41.83
8/15/20239,660,000 shares $390.75 million -1.7%11.3%6.7 $40.45
7/31/20239,830,000 shares $387.20 million +0.8%12.2%6.3 $39.39
7/15/20239,750,000 shares $336.18 million -8.4%13.2%6.5 $34.48
6/30/202310,640,000 shares $365.27 million +10.7%14.4%7 $34.33
6/15/20239,610,000 shares $319.24 million -9.6%13.0%6.3 $33.22
5/31/202310,630,000 shares $317.84 million -6.4%14.4%6.8 $29.90
5/15/202311,360,000 shares $363.07 million -3.6%15.3%7.4 $31.96
4/30/202311,780,000 shares $390.74 million +3.2%15.9%8.2 $33.17
4/15/202311,420,000 shares $400.39 million -14.0%15.4%6.5 $35.06
3/31/202313,280,000 shares $403.05 million +0.8%18.0%7.5 $30.35
3/15/202313,170,000 shares $351.38 million +30.4%18.1%7.6 $26.68
2/28/202310,100,000 shares $313.50 million +5.9%13.9%6.1 $31.04
2/15/20239,540,000 shares $324.74 million +60.6%14.3%5.7 $34.04
1/31/20235,940,000 shares $199.11 million -4.4%8.9%3.4 $33.52
1/15/20236,210,000 shares $198.97 million -18.2%9.3%4.6 $32.04
12/30/20227,590,000 shares $233.92 million +17.7%11.4%4.6 $30.82
12/15/20226,450,000 shares $210.33 million -6.4%9.7%4.1 $32.61
11/30/20226,890,000 shares $250.73 million +6.5%10.3%4.6 $36.39
11/15/20226,470,000 shares $245.86 million -6.0%9.7%4.5 $38.00
10/31/20226,880,000 shares $234.88 million -27.0%10.2%5.5 $34.14
10/15/20229,420,000 shares $300.12 million +49.5%14.0%7.9 $31.86
9/30/20226,300,000 shares $172.68 million +9.6%9.4%6.7 $27.41
9/15/20225,750,000 shares $187.11 million +3.1%8.5%6.1 $32.54
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8/31/20225,580,000 shares $176.55 million +26.5%8.3%5.1 $31.64
8/15/20224,410,000 shares $126.17 million +11.7%6.6%3.7 $28.61
7/31/20223,950,000 shares $113.88 million -14.9%6.0%3.2 $28.83
7/15/20224,640,000 shares $108.44 million -0.2%7.1%3.7 $23.37
6/30/20224,650,000 shares $0.00 -39.0%7.1%3.8 $0.00
6/15/20227,620,000 shares $0.00 -3.9%11.6%6.3 $0.00
5/31/20227,930,000 shares $0.00 +3.1%12.2%7.1 $0.00
5/15/20227,690,000 shares $0.00 +2.1%11.8%6.6 $0.00
4/30/20227,530,000 shares $0.00 +1.6%11.6%6.3 $0.00
4/15/20227,410,000 shares $0.00 -4.3%11.4%6.1 $0.00
3/31/20227,740,000 shares $0.00 -10.2%11.9%6.3 $0.00
3/15/20228,620,000 shares $0.00 -7.5%13.3%7.4 $0.00
2/28/20229,320,000 shares $0.00 -1.1%14.4%8.4 $0.00
2/15/20229,420,000 shares $0.00 +8.8%14.7%9 $0.00
1/31/20228,660,000 shares $0.00 -0.5%13.5%7.7 $0.00
1/15/20228,700,000 shares $0.00 -4.4%15.8%8.4 $0.00
12/31/20219,100,000 shares $0.00 +2.6%16.6%8.7 $0.00
12/15/20218,870,000 shares $0.00 -4.8%16.0%7.8 $0.00
11/30/20219,320,000 shares $0.00 +10.6%16.8%8.7 $0.00
11/15/20218,430,000 shares $0.00 -5.3%15.9%8.7 $0.00
10/29/20218,900,000 shares $206.12 million +34.9%16.8%11.2 $23.16
10/15/20216,600,000 shares $0.00 +9.5%12.5%8.4 $0.00
9/30/20216,030,000 shares $0.00 +18.7%11.4%7.6 $0.00
9/15/20215,080,000 shares $0.00 +1.0%9.6%6.1 $0.00
8/31/20215,030,000 shares $0.00 +3.3%9.5%5.5 $0.00
8/13/20214,870,000 shares $0.00 No Change9.2%5.2 $0.00
7/15/20214,910,000 shares $0.00 -26.2%9.2%4.7 $0.00
6/30/20216,650,000 shares $0.00 +53.6%12.7%6.7 $0.00

NOG Short Interest - Frequently Asked Questions

Short interest is the volume of Northern Oil and Gas shares that have been sold short but have not yet been covered or closed out. As of May 29th, investors have sold 17,432,322 shares of NOG short. 16.49% of Northern Oil and Gas' shares are currently sold short. Learn More on Northern Oil and Gas' 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. NOG shares currently have a short interest ratio of 6.6. Learn More on Northern Oil and Gas'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. 16.49% of Northern Oil and Gas' floating shares are currently sold short.

Northern Oil and Gas saw a increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,432,322 shares, an increase of 1.6% from the previous total of 17,154,867 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.

16.49% of Northern Oil and Gas' shares are currently sold short. Here is how the short interest of companies compare to Northern Oil and Gas: APA Corporation (7.91%), Chord Energy Corporation (5.68%), Diamondback Energy, Inc. (3.77%), Devon Energy Corporation (4.60%), Magnolia Oil & Gas Corp (10.75%), Matador Resources Company (10.12%), Murphy Oil Corporation (6.76%), Ovintiv Inc. (4.60%), Permian Resources Corporation (2.66%), SM Energy Company (5.40%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($81.27 billion), Invesco QQQ ($49.06 billion), iShares Russell 2000 ETF ($23.61 billion), Western Digital Corporation ($16.93 billion), Sandisk Corporation ($15.61 billion), Salesforce Inc. ($11.65 billion), SPDR S&P Biotech ETF ($10.52 billion), Nebius Group N.V. ($10.24 billion), Lumentum Holdings Inc. ($8.74 billion), and iShares iBoxx $ High Yield Corporate Bond ETF ($8.21 billion). View all of the most shorted stocks.

Short selling NOG is an investing strategy that aims to generate trading profit from Northern Oil and Gas as its price is falling. NOG shares are trading up $0.18 today. 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 Northern Oil and Gas 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 NOG, 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 NOG, twice per month. The most recent reporting period available is May, 29 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like NOG:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.


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This page (NYSE:NOG) was last updated on 6/9/2026 by MarketBeat.com Staff.
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