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 February 28th, investors have sold 12,400 shares of XNGSY short. Learn More on ENN Energy'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. XNGSY shares currently have a short interest ratio of 1.0. Learn More on ENN Energy's short interest ratio.

ENN Energy saw a drop in short interest in February. As of February 28th, there was short interest totaling 12,400 shares, a drop of 28.7% from the previous total of 17,400 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 "utilities" compare to ENN Energy: Southwest Gas Holdings, Inc. (3.16%), Atmos Energy Co. (5.02%), Koninklijke KPN (0.00%), The AES Co. (1.54%), The Hong Kong and China Gas Company Limited (0.00%), Avangrid, Inc. (6.64%), Telenor ASA (0.01%), CenterPoint Energy, Inc. (1.51%), CMS Energy Co. (2.33%), and Alliant Energy Co. (1.57%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($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 XNGSY is an investing strategy that aims to generate trading profit from ENN Energy as its price is falling. XNGSY shares are trading down $1.82 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 February, 28 2023.