Extraction Oil & Gas (XOGAQ) Short Interest Ratio & Short Volume

Short interest is the volume of Extraction Oil & Gas shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 3,722,100 shares of XOGAQ short. Learn More on Extraction Oil & Gas' 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. XOGAQ shares currently have a short interest ratio of 2.0. Learn More on Extraction Oil & Gas's short interest ratio.

Extraction Oil & Gas saw a decrease in short interest in January. As of January 15th, there was short interest totaling 3,722,100 shares, a decrease of 0.1% from the previous total of 3,725,700 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 "oils/energy" compare to Extraction Oil & Gas: ECA Marcellus Trust I (0.01%), Trio Petroleum Corp. (0.53%), Royale Energy, Inc. (0.00%), Altex Industries, Inc. (0.04%), Victory Oilfield Tech, Inc. (0.00%), Camber Energy, Inc. (4.29%), Chesapeake Granite Wash Trust (0.01%), U.S. Energy Corp. (0.05%), Heliogen, Inc. (2.74%), Marine Petroleum Trust (0.06%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($6.62 billion), Analog Devices, Inc. ($4.85 billion), Aon plc ($4.66 billion), DuPont de Nemours, Inc. ($3.84 billion), International Flavors & Fragrances Inc. ($3.60 billion), Moderna, Inc. ($3.22 billion), Snap Inc. ($3.21 billion), Snowflake Inc. ($2.82 billion), The Kroger Co. ($2.52 billion), and Peloton Interactive, Inc. ($2.51 billion). View all of the most shorted stocks.

Short selling XOGAQ is an investing strategy that aims to generate trading profit from Extraction Oil & 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 Extraction Oil & 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 XOGAQ, 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 XOGAQ, twice per month. The most recent reporting period available is January, 15 2021.