NYSEAMERICAN:MCF

Contango Oil & Gas Short Interest Ratio and Short Volume

$3.66
-0.11 (-2.92 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$3.59
Now: $3.66
$3.79
50-Day Range
$1.79
MA: $2.28
$2.60
52-Week Range
$1.09
Now: $3.66
$5.56
Volume391,947 shs
Average Volume1.30 million shs
Market Capitalization$728.88 million
P/E RatioN/A
Dividend YieldN/A
Beta2.7

Short Interest

Contango Oil & Gas (NYSEAMERICAN:MCF) Short Interest Data

Current Short Volume5,490,000 shares
Previous Short Volume5,350,000 shares
Change Vs. Previous Month:+2.62%
Dollar Volume Sold Short$23.66 million
Short Interest Ratio / Days to Cover3.8
Last Record DateMarch, 15 2021
Outstanding Shares34,400,000 shares
Percentage of Shares Shorted2.76%
Today's Trading Volume391,947 shares
Average Trading Volume1,298,682 shares
Today's Volume Vs. Average-69.82%

Short Interest Over Time


Contango Oil & Gas (NYSEAMERICAN:MCF) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/15/20215,490,000 shares $23.66 million +2.6%N/A3.8 $4.31
2/26/20215,350,000 shares $26.16 million -5.5%N/A3.4 $4.89
2/12/20215,660,000 shares $27.56 million -2.9%N/A3.7 $4.87
1/29/20215,830,000 shares $23.67 million -9.3%N/A4.3 $4.06
1/15/20216,430,000 shares $15.95 million -1.5%N/A4.6 $2.48
12/31/20206,800,000 shares $17.54 million -16.1%N/A6.5 $2.58
12/15/20206,800,000 shares $16.93 million -16.1%N/A6.5 $2.49
11/30/20208,100,000 shares $18.39 million -6.0%N/A11.1 $2.27
11/15/20208,620,000 shares $14.40 million +0.8%N/A14.3 $1.67
10/30/20208,550,000 shares $11.54 million +1.4%N/A16.1 $1.35
10/15/20208,430,000 shares $11.30 million +1.8%N/A20.1 $1.34
9/30/20208,280,000 shares $11.26 million -1.2%N/A19.6 $1.36
9/15/20208,380,000 shares $11.06 million -1.9%N/A11.8 $1.32
8/31/20208,540,000 shares $12.30 million +5.7%N/A10.7 $1.44
8/14/20208,080,000 shares $12.93 million -6.7%N/A9.8 $1.60
7/31/20208,660,000 shares $17.41 million +1.1%N/A10.2 $2.01
7/15/20208,570,000 shares $15.25 million +3.4%N/A9.6 $1.78
6/30/20208,290,000 shares $16.75 million +91.5%N/A9.7 $2.02
6/15/20204,330,000 shares $9.48 million -1.4%N/A7.6 $2.19
5/29/20204,390,000 shares $13.43 million +11.7%N/A8.5 $3.06
5/15/20203,930,000 shares $10.81 million +7.4%N/A7.8 $2.75
4/30/20203,660,000 shares $9.52 million -0.5%N/A7.8 $2.60
4/15/20203,680,000 shares $9.94 million -5.2%N/A8.8 $2.70
3/31/20203,880,000 shares $6.79 million -9.5%N/A9.3 $1.75
3/13/20204,285,900 shares $6.51 million +3.0%N/A11.3 $1.52

Contango Oil & Gas (NYSEAMERICAN:MCF) Short Interest FAQ

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What is Contango Oil & Gas' current short interest?

Short interest is the volume of Contango Oil & Gas shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 5,490,000 shares of MCF short.

What is a good short interest ratio for Contango Oil & Gas?

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. Contango Oil & Gas currently has a short interest ratio of 4.0.

Is Contango Oil & Gas' short interest increasing or decreasing?

Contango Oil & Gas saw a increase in short interest in March. As of March 15th, there was short interest totaling 5,490,000 shares, an increase of 2.6% from the previous total of 5,350,000 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.

How does Contango Oil & Gas' short interest compare to its competitors?

0.00% of Contango Oil & Gas' shares are currently sold short. Here is how the short interest of companies in the sub-industry of "oil & gas exploration & production" compare to Contango Oil & Gas: ConocoPhillips (0.00%), EOG Resources, Inc. (0.00%), Pioneer Natural Resources (0.00%), Devon Energy Co. (0.00%), Diamondback Energy, Inc. (0.00%), Continental Resources, Inc. (20.92%), Marathon Oil Co. (4.23%), Cabot Oil & Gas Co. (4.20%), Cimarex Energy Co. (3.08%), and EQT Co. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

What does it mean to sell short Contango Oil & Gas stock?

Short selling MCF is an investing strategy that aims to generate trading profit from Contango Oil & Gas as its price is falling. Contango Oil & Gas' stock is trading down $0.11 today. To short Contango Oil & Gas 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 Contango Oil & Gas 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.

How does a short squeeze work against Contango Oil & Gas?

A short squeeze for Contango Oil & Gas 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 MCF, which in turn drives the price of the stock up even further.

How often is Contango Oil & Gas' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MCF, twice per month. The most recent reporting period available is March, 15 2021.



This page was last updated on 4/10/2021 by MarketBeat.com Staff
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