Lundin Energy AB (publ) (LNEGY) Short Interest Ratio & Short Volume

Short interest is the volume of Lundin Energy AB (publ) shares that have been sold short but have not yet been closed out or covered. As of December 15th, investors have sold 100 shares of LNEGY short. Learn More on Lundin Energy AB (publ)'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. LNEGY shares currently have a short interest ratio of 1.0. Learn More on Lundin Energy AB (publ)'s short interest ratio.

Here is how the short interest of companies in the sector of "basic materials" compare to Lundin Energy AB (publ): Linde plc (1.05%), BHP Group Limited (0.50%), L'Air Liquide S.A. (0.00%), The Sherwin-Williams Company (2.04%), Rio Tinto Group (0.50%), Ecolab Inc. (1.21%), Southern Copper Co. (8.42%), Air Products and Chemicals, Inc. (1.71%), Shin-Etsu Chemical Co., Ltd. (0.00%), Newmont Co. (2.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($10.20 billion), S&P Global Inc. ($9.27 billion), Canadian Pacific Kansas City Limited ($8.89 billion), Charter Communications, Inc. ($4.91 billion), Palo Alto Networks, Inc. ($3.82 billion), Wayfair Inc. ($3.47 billion), Lucid Group, Inc. ($3.06 billion), Zscaler, Inc. ($2.54 billion), Teladoc Health, Inc. ($2.27 billion), and Datadog, Inc. ($2.24 billion). View all of the most shorted stocks.

Short selling LNEGY is an investing strategy that aims to generate trading profit from Lundin Energy AB (publ) as its price is falling. LNEGY shares are trading up $0.95 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 Lundin Energy AB (publ) 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 LNEGY, 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 LNEGY, twice per month. The most recent reporting period available is December, 15 2021.