Kodiak Gas Services (KGS) Short Interest Ratio & Short Volume

Short interest is the volume of Kodiak Gas Services shares that have been sold short but have not yet been covered or closed out. As of November 30th, traders have sold 2,150,000 shares of KGS short. 5.65% of Kodiak Gas Services' shares are currently sold short. Learn More on Kodiak Gas Services' 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. KGS shares currently have a short interest ratio of 3.0. Learn More on Kodiak Gas Services's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 5.65% of Kodiak Gas Services' floating shares are currently sold short.

Kodiak Gas Services saw a drop in short interest during the month of November. As of November 30th, there was short interest totaling 2,150,000 shares, a drop of 17.9% from the previous total of 2,620,000 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.

Kodiak Gas Services currently has issued a total of 87,576,000 shares. Some of Kodiak Gas Services' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Kodiak Gas Services currently has a public float of 38,060,000 shares.

5.65% of Kodiak Gas Services' shares are currently sold short. Here is how the short interest of companies in the industry of "utilities" compare to Kodiak Gas Services: Avangrid, Inc. (2.00%), Centrais Elétricas Brasileiras S.A. - Eletrobrás (0.23%), Essential Utilities, Inc. (1.63%), DT Midstream, Inc. (2.62%), Companhia de Saneamento Básico do Estado de São Paulo - SABESP (1.02%), Korea Electric Power Co. (0.02%), Brookfield Renewable Partners L.P. (0.35%), EnLink Midstream, LLC (3.64%), Companhia Paranaense de Energia (0.00%), Clearway Energy, Inc. (3.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

Short selling KGS is an investing strategy that aims to generate trading profit from Kodiak Gas Services as its price is falling. KGS shares are trading up $0.74 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 Kodiak Gas Services 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 KGS, 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 KGS, twice per month. The most recent reporting period available is November, 30 2024.