Lundin Energy Short Interest Ratio and Short Volume

Short interest is the volume of Lundin Energy shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 8,300 shares of LNEGY short. 0.00% of Lundin Energy's shares are currently sold short. View details.

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. Lundin Energy currently has a short interest ratio of 2.0.

Lundin Energy saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 8,300 shares, an increase of 8,200.0% from the previous total of 100 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.

0.00% of Lundin Energy's shares are currently sold short. Here is how the short interest of companies in the industry of "chemicals" compare to Lundin Energy: Ganfeng Lithium Co., Ltd. (0.00%), Lenzing Aktiengesellschaft (0.00%), Mitsubishi Chemical Holdings Corp. (0.00%), NanoXplore, Inc. (0.00%), Nippon Shokubai Co. (0.00%), SGL Carbon SE (0.00%), Solvay SA (0.00%), Solvay SA (0.00%), Standard Chartered PLC (0.00%), and Wacker Chemie AG (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.12 billion), Aon PLC ($3.76 billion), Clorox Co ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), Kroger Co ($2.20 billion), and Simon Property Group Inc ($1.88 billion). View all of the most shorted stocks.

Short selling LNEGY is an investing strategy that aims to generate trading profit from Lundin Energy as its price is falling. Lundin Energy's stock is trading up $1.58 today. To short Lundin Energy 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 Lundin Energy 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 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 September, 30 2020.