Range Resources (RRC) Short Interest Ratio & Short Volume

Short interest is the volume of Range Resources shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 14,840,000 shares of RRC short. 6.33% of Range Resources' shares are currently sold short. Learn More on Range Resources' 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. RRC shares currently have a short interest ratio of 6.0. Learn More on Range Resources's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Range Resources: Portman Square Capital LLP, and Readystate Asset Management LP. 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. 6.33% of Range Resources' floating shares are currently sold short.

Range Resources saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 14,840,000 shares, a decrease of 12.3% from the previous total of 16,920,000 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.

Range Resources currently has issued a total of 242,120,000 shares. Some of Range 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. Range Resources currently has a public float of 234,410,000 shares.

6.33% of Range Resources' shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Range Resources: Southwestern Energy (3.58%), Matador Resources (8.61%), SM Energy (9.22%), Kosmos Energy Ltd. (8.19%), Comstock Resources, Inc. (32.13%), Marathon Oil Co. (2.59%), EQT Co. (5.73%), Devon Energy Co. (2.44%), Antero Resources Co. (4.55%), APA Co. (6.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling RRC is an investing strategy that aims to generate trading profit from Range Resources as its price is falling. RRC shares are trading up $1.00 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 Range 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 RRC, 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 RRC, twice per month. The most recent reporting period available is March, 31 2024.