EVN (EVNVY) Short Interest Ratio & Short Volume

Short interest is the volume of EVN shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 500 shares of EVNVY short. Learn More on EVN'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. EVNVY shares currently have a short interest ratio of 1.0. Learn More on EVN's short interest ratio.

EVN saw a decline in short interest in the month of November. As of November 30th, there was short interest totaling 500 shares, a decline of 37.5% from the previous total of 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.

Here is how the short interest of companies in the sector of "utilities" compare to EVN: Spire Inc. (2.60%), PNM Resources, Inc. (1.92%), ALLETE, Inc. (2.24%), Liberty Live Group (23.37%), Primo Water Co. (1.69%), ONE Gas, Inc. (6.15%), Otter Tail Co. (8.03%), Black Hills Co. (4.25%), MYR Group Inc. (2.68%), MGE Energy, Inc. (5.79%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.93 billion), Suncor Energy Inc. ($3.50 billion), T. Rowe Price Group, Inc. ($2.29 billion), PG&E Co. ($1.73 billion), Coinbase Global, Inc. ($1.71 billion), Etsy, Inc. ($1.65 billion), Paramount Global ($1.54 billion), Lucid Group, Inc. ($1.50 billion), Old Dominion Freight Line, Inc. ($1.46 billion), and DICK'S Sporting Goods, Inc. ($1.41 billion). View all of the most shorted stocks.

Short selling EVNVY is an investing strategy that aims to generate trading profit from EVN 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 EVN occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of EVNVY, 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 EVNVY, twice per month. The most recent reporting period available is November, 30 2022.