Obsidian Energy (OBE) Short Interest Ratio & Short Volume

Short interest is the volume of Obsidian Energy shares that have been sold short but have not yet been closed out or covered. As of March 13th, traders have sold 1,289,400 shares of OBE short. 1.97% of Obsidian Energy's shares are currently sold short. Learn More on Obsidian Energy'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. OBE shares currently have a short interest ratio of 6.0. Learn More on Obsidian Energy's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Obsidian Energy: Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 1.97% of Obsidian Energy's floating shares are currently sold short.

Obsidian Energy saw a decrease in short interest in March. As of March 13th, there was short interest totaling 1,289,400 shares, a decrease of 40.0% from the previous total of 2,150,000 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.

Obsidian Energy currently has issued a total of 73,680,000 shares. Some of Obsidian Energy'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. Obsidian Energy currently has a public float of 65,602,700 shares.

1.97% of Obsidian Energy's shares are currently sold short. Here is how the short interest of companies in the industry of "crude petroleum & natural gas" compare to Obsidian Energy: Mach Natural Resources LP (1.86%), Atlas Energy Solutions Inc. (22.21%), Talos Energy Inc. (7.38%), Kimbell Royalty Partners, LP (1.60%), Dorchester Minerals, L.P. (0.87%), Vermilion Energy Inc. (10.50%), Par Pacific Holdings, Inc. (9.75%), Kosmos Energy Ltd. (9.94%), Vitesse Energy, Inc. (10.02%), Granite Ridge Resources, Inc. (5.38%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AbbVie Inc. ($6.51 billion), Charter Communications, Inc. ($4.96 billion), McKesson Co. ($4.86 billion), Microchip Technology Incorporated ($2.85 billion), The Charles Schwab Co. ($2.75 billion), Match Group, Inc. ($2.50 billion), International Flavors & Fragrances Inc. ($1.95 billion), Tiffany & Co. ($1.93 billion), Wayfair Inc. ($1.78 billion), and Hormel Foods Co. ($1.77 billion). View all of the most shorted stocks.

Short selling OBE is an investing strategy that aims to generate trading profit from Obsidian Energy as its price is falling. OBE shares are trading down $1.33 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 Obsidian Energy 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 OBE, 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 OBE, twice per month. The most recent reporting period available is March, 13 2020.