Entree Resources (EGI) Short Interest Ratio & Short Volume

Short interest is the volume of Entree Resources shares that have been sold short but have not yet been covered or closed out. As of September 15th, investors have sold 120,500 shares of EGI short. 0.11% of Entree Resources' shares are currently sold short. Learn More on Entree Resources' current short interest.

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. 0.11% of Entree Resources' floating shares are currently sold short.

Entree Resources saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 120,500 shares, a decline of 43.7% from the previous total of 214,000 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.

Entree Resources currently has issued a total of 174,871,000 shares. Some of Entree 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. Entree Resources currently has a public float of 106,700,000 shares.

0.11% of Entree Resources' shares are currently sold short. Here is how the short interest of companies in the industry of "precious metals" compare to Entree Resources: U.S. GoldMining Inc. (4.72%), Hycroft Mining Holding Co. (6.37%), Loncor Gold Inc. (0.03%), Fury Gold Mines Limited (0.11%), Solitario Resources Corp. (0.17%), NextSource Materials Inc. (0.11%), Excellon Resources Inc. (1.54%), Athena Gold Co. (0.01%), China Natural Resources, Inc. (0.49%), Franklin Mining, Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($2.11 billion), McCormick & Company, Incorporated ($1.33 billion), Zoom Video Communications, Inc. ($870.07 million), TAL Education Group ($769.71 million), Alteryx, Inc. ($684.01 million), Versum Materials Inc ($551.44 million), Pinterest, Inc. ($421.38 million), Stitch Fix, Inc. ($354.92 million), II-VI Incorporated ($351.47 million), and Zogenix, Inc. ($346.69 million). View all of the most shorted stocks.

Short selling EGI is an investing strategy that aims to generate trading profit from Entree Resources 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 Entree 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 EGI, 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 EGI, twice per month. The most recent reporting period available is September, 15 2019.