Diamond Offshore Drilling (DOFSQ) Short Interest Ratio & Short Volume

Short interest is the volume of Diamond Offshore Drilling shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 1,090,300 shares of DOFSQ short. Learn More on Diamond Offshore Drilling'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. DOFSQ shares currently have a short interest ratio of 2.0. Learn More on Diamond Offshore Drilling's short interest ratio.

Diamond Offshore Drilling saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,090,300 shares, a drop of 3.5% from the previous total of 1,130,200 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 Diamond Offshore Drilling: MV Oil Trust (5.46%), Western Energy Services Corp. (0.00%), Permianville Royalty Trust (0.09%), VOC Energy Trust (0.25%), PermRock Royalty Trust (1.39%), U.S. Energy Corp. (4.20%), KLX Energy Services Holdings, Inc. (9.09%), Nine Energy Service, Inc. (10.59%), CKX Lands, Inc. (0.11%), Blue Dolphin Energy (0.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.57 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), Nuance Communications, Inc. ($2.18 billion), and Palo Alto Networks, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling DOFSQ is an investing strategy that aims to generate trading profit from Diamond Offshore Drilling 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 Diamond Offshore Drilling 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 DOFSQ, 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 DOFSQ, twice per month. The most recent reporting period available is April, 15 2021.