New America Energy (NECA) Short Interest Ratio & Short Volume

Short interest is the volume of New America Energy shares that have been sold short but have not yet been covered or closed out. As of February 28th, investors have sold 497,500 shares of NECA short. Learn More on New America Energy's current short interest.

New America Energy saw a increase in short interest in February. As of February 28th, there was short interest totaling 497,500 shares, an increase of ∞ from the previous total of 0 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 "construction materials" compare to New America Energy: CRH PLC (1.68%), Vulcan Materials Company (2.41%), Martin Marietta Materials, Inc. (3.71%), James Hardie Industries PLC. (8.88%), Cemex S.A.B. de C.V. (1.90%), Eagle Materials Inc (4.27%), Fortune Brands Innovations, Inc. (2.98%), West Fraser Timber Co. Ltd. (3.07%), Arcosa, Inc. (2.42%), Champion Homes, Inc. (6.37%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Corporation ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling NECA is an investing strategy that aims to generate trading profit from New America Energy 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 New America Energy 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 NECA, 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 NECA, twice per month. The most recent reporting period available is February, 28 2023.