Goodrich Petroleum (GDP) Short Interest Ratio & Short Volume

Short interest is the volume of Goodrich Petroleum shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 58,000 shares of GDP short. 0.47% of Goodrich Petroleum's shares are currently sold short. Learn More on Goodrich Petroleum's 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. 0.47% of Goodrich Petroleum's floating shares are currently sold short.

Goodrich Petroleum saw a increase in short interest in the month of November. As of November 30th, there was short interest totaling 58,000 shares, an increase of 19.6% from the previous total of 48,500 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.

Goodrich Petroleum currently has issued a total of 14,389,000 shares. Some of Goodrich Petroleum'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. Goodrich Petroleum currently has a public float of 12,370,000 shares.

0.47% of Goodrich Petroleum's shares are currently sold short. Here is how the short interest of companies in the sector of "oils/energy" compare to Goodrich Petroleum: Genel Energy plc (0.00%), W&T Offshore, Inc. (20.11%), Amplify Energy Corp. (3.29%), Tellurian Inc. (23.45%), Gran Tierra Energy Inc. (2.03%), Ring Energy, Inc. (6.88%), Evolution Petroleum Co. (3.18%), PrimeEnergy Resources Co. (0.45%), Prairie Operating Co. (1.26%), GeoPark Limited (1.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($11.35 billion), S&P Global Inc. ($8.85 billion), Charter Communications, Inc. ($5.23 billion), Canadian Pacific Kansas City Limited ($4.96 billion), Wayfair Inc. ($3.99 billion), Palo Alto Networks, Inc. ($3.89 billion), Etsy, Inc. ($2.57 billion), Zscaler, Inc. ($2.44 billion), eBay Inc. ($2.34 billion), and Teladoc Health, Inc. ($2.30 billion). View all of the most shorted stocks.

Short selling GDP is an investing strategy that aims to generate trading profit from Goodrich Petroleum 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 Goodrich Petroleum 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 GDP, 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 GDP, twice per month. The most recent reporting period available is November, 30 2021.