Mexco Energy Short Interest Ratio and Short Volume

Short interest is the volume of Mexco Energy shares that have been sold short but have not yet been covered or closed out. As of January 29th, traders have sold 23,900 shares of MXC short. 2.55% of Mexco Energy's shares are currently sold short. View details.

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. 2.55% of Mexco Energy's floating shares are currently sold short.

Mexco Energy saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 23,900 shares, an increase of 4.8% from the previous total of 22,800 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.

Mexco Energy currently has issued a total of 2,072,000 shares. Some of Mexco Energy'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. Mexco Energy currently has a public float of 936,000 shares.

2.55% of Mexco Energy's shares are currently sold short. Here is how the short interest of companies in the industry of "crude petroleum & natural gas" compare to Mexco Energy: PermRock Royalty Trust (0.07%), Black Dragon Resource Companies, Inc. (0.00%), Hempstract, Inc. (0.00%), VOC Energy Trust (0.02%), Permianville Royalty Trust (0.00%), MV Oil Trust (0.00%), Tengasco, Inc. (0.21%), HighPoint Resources Co. (20.74%), Camber Energy, Inc. (0.00%), and Abraxas Petroleum Co. (7.52%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon Plc ($5.34 billion), Charter Communications, Inc. ($5.03 billion), ViacomCBS Inc. ($4.99 billion), DuPont de Nemours, Inc. ($4.72 billion), Analog Devices, Inc. ($4.57 billion), Snap Inc. ($3.87 billion), Moderna, Inc. ($3.58 billion), Futu Holdings Limited ($2.75 billion), Snowflake Inc. ($2.43 billion), and Palantir Technologies Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling MXC is an investing strategy that aims to generate trading profit from Mexco Energy as its price is falling. Mexco Energy's stock is trading up $0.31 today. To short Mexco Energy 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 Mexco Energy 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 Mexco Energy 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 MXC, 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 MXC, twice per month. The most recent reporting period available is January, 29 2021.