ENN Energy (XNGSY) Short Interest Ratio & Short Volume

Short interest is the volume of ENN Energy shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 167,700 shares of XNGSY short. Learn More on ENN Energy's current short interest.

ENN Energy saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 167,700 shares, a decrease of 78.7% from the previous total of 786,500 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 "utilities" compare to ENN Energy: Southwest Gas Holdings, Inc. (4.19%), Essential Utilities, Inc. (1.96%), Centrica plc (0.00%), United Utilities Group PLC (0.04%), Pinnacle West Capital Co. (2.77%), Companhia de Saneamento Básico do Estado de São Paulo - SABESP (0.33%), Vivendi SE (0.00%), The AES Co. (1.73%), China Resources Power Holdings Company Limited (0.00%), OGE Energy Corp. (2.40%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling XNGSY is an investing strategy that aims to generate trading profit from ENN Energy as its price is falling. XNGSY shares are trading up $0.09 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 ENN 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 XNGSY, 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 XNGSY, twice per month. The most recent reporting period available is April, 15 2024.