The Generation Essentials Group (TGE) Short Interest Ratio & Short Volume

Short interest is the volume of The Generation Essentials Group shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 4,140,000 shares of TGE short. 2.74% of The Generation Essentials Group's shares are currently sold short. Learn More on The Generation Essentials Group'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. TGE shares currently have a short interest ratio of 1.0. Learn More on The Generation Essentials Group'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. 2.74% of The Generation Essentials Group's floating shares are currently sold short.

The Generation Essentials Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,140,000 shares, a decline of 20.2% from the previous total of 5,188,300 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.

The Generation Essentials Group currently has issued a total of 19,120,000 shares. Some of The Generation Essentials Group'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. The Generation Essentials Group currently has a public float of 151,030,000 shares.

2.74% of The Generation Essentials Group's shares are currently sold short. Here is how the short interest of companies compare to The Generation Essentials Group: DT Midstream, Inc. (3.47%), Antero Midstream Co. (3.30%), EnLink Midstream, LLC (3.03%), Archrock, Inc. (3.28%), Transportadora de Gas del Sur S.A. (0.35%), Kodiak Gas Services, Inc. (12.88%), USA Compression Partners LP (4.08%), NGL Energy Partners LP (2.70%), The Williams Companies, Inc. (1.40%), National Grid plc (0.24%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AbbVie Inc. ($7.08 billion), Charter Communications, Inc. ($4.56 billion), Match Group Inc. ($2.93 billion), The Charles Schwab Corporation ($2.49 billion), Microchip Technology Incorporated ($2.36 billion), Carvana Co. ($2.20 billion), International Flavors & Fragrances Inc. ($1.93 billion), The Clorox Company ($1.88 billion), PDD Holdings Inc. Sponsored ADR ($1.77 billion), and Snap Inc. ($1.68 billion). View all of the most shorted stocks.

Short selling TGE is an investing strategy that aims to generate trading profit from The Generation Essentials Group as its price is falling. TGE shares are trading down $0.59 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 The Generation Essentials Group 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 TGE, 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 TGE, twice per month. The most recent reporting period available is March, 31 2020.