Key Energy Services Short Interest Ratio and Short Volume

Short interest is the volume of Key Energy Services shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 2,900 shares of KEGX short.

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. Key Energy Services currently has a short interest ratio of 2.0.

0.00% of Key Energy Services' shares are currently sold short. Here is how the short interest of companies in the industry of "oil & gas field services, not elsewhere classified" compare to Key Energy Services: Mammoth Energy Services, Inc. (1.01%), Recon Technology, Ltd. (4.05%), Natural Gas Services Group, Inc. (0.49%), KLX Energy Services Holdings, Inc. (5.29%), Ranger Energy Services, Inc. (0.11%), CSI Compressco LP (0.46%), Nine Energy Service, Inc. (1.24%), NCS Multistage Holdings, Inc. (0.57%), U.S. Well Services, Inc. (2.67%), and Nuverra Environmental Solutions, Inc. (0.11%).

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. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling KEGX is an investing strategy that aims to generate trading profit from Key Energy Services as its price is falling. To short Key Energy Services 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 Key Energy Services 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 Key Energy Services 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 KEGX, 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 KEGX, twice per month. The most recent reporting period available is April, 15 2021.