Riverdale Oil and Gas (RVDO) Short Interest Ratio & Short Volume

Short interest is the volume of Riverdale Oil and Gas shares that have been sold short but have not yet been closed out or covered. As of October 30th, traders have sold 10,000 shares of RVDO short. Learn More on Riverdale Oil and Gas' current short interest.

Riverdale Oil and Gas saw a drop in short interest in October. As of October 30th, there was short interest totaling 10,000 shares, a drop of 30.6% from the previous total of 14,400 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 sector of "energy" compare to Riverdale Oil and Gas: Veren Inc. (1.93%), Riley Exploration Permian, Inc. (3.56%), and Gran Tierra Energy Inc. (2.94%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.15 billion), Aon plc ($3.50 billion), Snap Inc. ($3.18 billion), Analog Devices, Inc. ($2.90 billion), The Clorox Company ($2.87 billion), Uber Technologies, Inc. ($2.01 billion), The Kroger Co. ($1.86 billion), International Flavors & Fragrances Inc. ($1.80 billion), Moderna, Inc. ($1.80 billion), and Simon Property Group, Inc. ($1.72 billion). View all of the most shorted stocks.

Short selling RVDO is an investing strategy that aims to generate trading profit from Riverdale Oil and Gas 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 Riverdale Oil and Gas 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 RVDO, 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 RVDO, twice per month. The most recent reporting period available is October, 30 2020.