Hermitage Offshore Services (HOFSQ) Short Interest Ratio & Short Volume

Short interest is the volume of Hermitage Offshore Services shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 25,200 shares of HOFSQ short. Learn More on Hermitage Offshore Services' current short interest.

Hermitage Offshore Services saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 25,200 shares, an increase of 530.0% from the previous total of 4,000 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.

Here is how the short interest of companies in the industry of "transportation" compare to Hermitage Offshore Services: EuroDry (0.54%), Himalaya Shipping Ltd. (2.39%), Enbridge Inc (1.42%), and Canadian Pacific Kansas City Limited (1.35%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($8.32 billion), AstraZeneca PLC ($8.20 billion), Block, Inc. ($7.79 billion), Analog Devices, Inc. ($7.16 billion), S&P Global Inc. ($7.07 billion), Aon plc ($6.17 billion), Charter Communications, Inc. ($5.38 billion), Wayfair Inc. ($4.80 billion), AMC Entertainment Holdings, Inc. ($4.28 billion), and Snowflake Inc. ($3.19 billion). View all of the most shorted stocks.

Short selling HOFSQ is an investing strategy that aims to generate trading profit from Hermitage Offshore Services 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 Hermitage Offshore Services 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 HOFSQ, 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 HOFSQ, twice per month. The most recent reporting period available is June, 30 2021.