Basic Energy Services (BASX) Short Interest Ratio & Short Volume

Short interest is the volume of Basic Energy Services shares that have been sold short but have not yet been closed out or covered. As of August 13th, investors have sold 136,800 shares of BASX short. Learn More on Basic Energy Services' 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. BASX shares currently have a short interest ratio of 1.0. Learn More on Basic Energy Services's short interest ratio.

Basic Energy Services saw a decline in short interest in the month of August. As of August 13th, there was short interest totaling 136,800 shares, a decline of 2.6% from the previous total of 140,400 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.

Here is how the short interest of companies in the industry of "petroleum and natural gas" compare to Basic Energy Services: New Concept Energy, Inc. (0.74%), Royale Energy Inc. (0.00%), Solar Integrated Roofing Corporation (0.00%), Allied Resources, Inc. (0.01%), Stratex Oil & Gas Holdings Inc. (0.01%), Gulfslope Energy, Inc. (0.00%), and Shell PLC Unsponsored ADR (0.38%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($9.67 billion), S&P Global Inc. ($7.87 billion), Advanced Micro Devices, Inc. ($7.80 billion), Analog Devices, Inc. ($7.03 billion), Sea Limited Sponsored ADR ($6.40 billion), Charter Communications, Inc. ($5.60 billion), Wayfair Inc. ($5.18 billion), Aon plc ($3.93 billion), CrowdStrike ($2.52 billion), and Teladoc Health, Inc. ($2.49 billion). View all of the most shorted stocks.

Short selling BASX is an investing strategy that aims to generate trading profit from Basic Energy Services 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 Basic Energy Services 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 BASX, 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 BASX, twice per month. The most recent reporting period available is August, 13 2021.