Surge Energy Short Interest Ratio and Short Volume

Short interest is the volume of Surge Energy shares that have been sold short but have not yet been covered or closed out. As of September 15th, investors have sold 27,000 shares of YGRAF short. 0.00% of Surge Energy's shares are currently sold short. View details.

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. Surge Energy currently has a short interest ratio of 2.0.

Surge Energy saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 27,000 shares, an increase of 1,250.0% from the previous total of 2,000 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.

0.00% of Surge Energy's shares are currently sold short. Here is how the short interest of companies in the industry of "oil & gas e&p" compare to Surge Energy: Africa Energy (0.00%), Aker BP ASA (0.00%), Amazing Energy Oil and Gas, Co. (0.00%), Athabasca Oil Corp (0.00%), Beach Energy Ltd (0.00%), Cardinal Energy Ltd (0.00%), Crew Energy Inc (0.00%), Delphi Energy Corp (0.00%), Dno Asa (0.00%), and ENERGY REV AMER/SH SH (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($5.17 billion), Aon PLC ($3.57 billion), ViacomCBS Inc. ($3.01 billion), Clorox Co ($2.91 billion), Charles Schwab Co. ($2.80 billion), Mercadolibre Inc ($2.33 billion), Analog Devices, Inc. ($2.14 billion), Kroger Co ($1.99 billion), Moderna Inc ($1.96 billion), and Simon Property Group Inc ($1.80 billion). View all of the most shorted stocks.

Short selling YGRAF is an investing strategy that aims to generate trading profit from Surge Energy as its price is falling. To short Surge Energy 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 Surge Energy 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 Surge Energy occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of YGRAF, 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 YGRAF, twice per month. The most recent reporting period available is September, 15 2020.