Engie Brasil Energia (EGIEY) Short Interest Ratio & Short Volume

Short interest is the volume of Engie Brasil Energia shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 12,500 shares of EGIEY short. Learn More on Engie Brasil Energia's current short interest.

Engie Brasil Energia saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 12,500 shares, a drop of 92.4% from the previous total of 165,300 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 sector of "utilities" compare to Engie Brasil Energia: OGE Energy Corp. (1.89%), Brookfield Renewable Partners L.P. (0.34%), CEMIG (0.08%), Korea Electric Power Co. (0.03%), Pinnacle West Capital Co. (2.11%), NRG Energy, Inc. (6.44%), Companhia Paranaense de Energia - COPEL (0.38%), IDACORP, Inc. (1.88%), Algonquin Power & Utilities Corp. (4.89%), Enel Chile S.A. (0.06%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Co. ($3.27 billion), Tractor Supply ($2.29 billion), Celsius Holdings, Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling EGIEY is an investing strategy that aims to generate trading profit from Engie Brasil Energia as its price is falling. EGIEY shares are trading up $0.10 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 Engie Brasil Energia 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 EGIEY, 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 EGIEY, twice per month. The most recent reporting period available is September, 15 2023.