Granite Oil (GXOCF) Short Interest Ratio & Short Volume

Short interest is the volume of Granite Oil shares that have been sold short but have not yet been covered or closed out. As of February 28th, traders have sold 6,800 shares of GXOCF short. Learn More on Granite Oil's current short interest.

Granite Oil saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 6,800 shares, a decrease of 2.9% from the previous total of 7,000 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Tesla, Inc. ($7.24 billion), Charter Communications, Inc. ($4.18 billion), Microchip Technology Incorporated ($2.36 billion), McKesson Co. ($2.18 billion), Tiffany & Co. ($1.90 billion), The Charles Schwab Co. ($1.85 billion), Match Group, Inc. ($1.60 billion), Hormel Foods Co. ($1.59 billion), The Clorox Company ($1.52 billion), and eBay Inc. ($1.45 billion). View all of the most shorted stocks.

Short selling GXOCF is an investing strategy that aims to generate trading profit from Granite Oil as its price is falling. GXOCF shares are trading down $0.01 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 Granite Oil 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 GXOCF, 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 GXOCF, twice per month. The most recent reporting period available is February, 28 2020.