Baytex Energy (BTEGF) Short Interest Ratio & Short Volume

Short interest is the volume of Baytex Energy shares that have been sold short but have not yet been closed out or covered. As of February 15th, investors have sold 6,394,400 shares of BTEGF short. Learn More on Baytex Energy's 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. BTEGF shares currently have a short interest ratio of 14.0. Learn More on Baytex Energy's short interest ratio.

Baytex Energy saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 6,394,400 shares, an increase of 9.4% from the previous total of 5,847,200 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 Baytex Energy: California Resources Corporation (6.77%), Veren Inc. (1.93%), Gulfport Energy Corporation (4.79%), Sasol Ltd. (1.08%), Valaris Limited (15.86%), Northern Oil and Gas, Inc. (19.88%), Civitas Resources, Inc. (10.74%), Black Stone Minerals, L.P. (1.19%), Transocean Ltd. (18.66%), Crescent Energy Company (7.91%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.09 billion), Occidental Petroleum Corporation ($3.00 billion), T. Rowe Price Group, Inc. ($2.35 billion), Coinbase Global, Inc. ($2.30 billion), Paramount Global ($2.04 billion), Etsy, Inc. ($1.90 billion), Voya Financial, Inc. ($1.77 billion), CarMax, Inc. ($1.67 billion), Royal Caribbean Cruises Ltd. ($1.58 billion), and Monolithic Power Systems, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling BTEGF is an investing strategy that aims to generate trading profit from Baytex Energy as its price is falling. BTEGF shares are trading up $0.02 today. 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 Baytex 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 BTEGF, 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 BTEGF, twice per month. The most recent reporting period available is February, 15 2023.