Tsakos Energy Navigation (TNP) Short Interest Ratio & Short Volume

Short interest is the volume of Tsakos Energy Navigation shares that have been sold short but have not yet been closed out or covered. As of June 15th, traders have sold 276,000 shares of TNP short. 1.31% of Tsakos Energy Navigation's shares are currently sold short. Learn More on Tsakos Energy Navigation'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. TNP shares currently have a short interest ratio of 1.0. Learn More on Tsakos Energy Navigation'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. 1.31% of Tsakos Energy Navigation's floating shares are currently sold short.

Tsakos Energy Navigation saw a decrease in short interest in June. As of June 15th, there was short interest totaling 276,000 shares, a decrease of 1.4% from the previous total of 279,800 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.

Tsakos Energy Navigation currently has issued a total of 29,510,000 shares. Some of Tsakos Energy Navigation'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. Tsakos Energy Navigation currently has a public float of 21,050,000 shares.

1.31% of Tsakos Energy Navigation's shares are currently sold short. Here is how the short interest of companies in the industry of "deep sea foreign transportation of freight" compare to Tsakos Energy Navigation: TORM plc (2.59%), Cadeler A/S (0.88%), ZIM Integrated Shipping Services Ltd. (11.65%), Star Bulk Carriers Corp. (3.61%), DHT Holdings, Inc. (4.42%), SFL Co. Ltd. (1.44%), Costamare Inc. (6.07%), Danaos Co. (4.09%), Dorian LPG Ltd. (8.17%), Navios Maritime Partners L.P. (1.68%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($5.04 billion), T-Mobile US, Inc. ($4.49 billion), Charter Communications, Inc. ($3.25 billion), Moderna, Inc. ($3.02 billion), General Motors ($2.91 billion), Royal Caribbean Cruises Ltd. ($2.37 billion), Cencora, Inc. ($2.19 billion), Tractor Supply ($1.82 billion), Williams-Sonoma, Inc. ($1.72 billion), and Enphase Energy, Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling TNP is an investing strategy that aims to generate trading profit from Tsakos Energy Navigation as its price is falling. 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 Tsakos Energy Navigation occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of TNP, 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 TNP, twice per month. The most recent reporting period available is June, 15 2024.