Ellington Residential Mortgage REIT (EARN) Short Interest Ratio & Short Volume

Short interest is the volume of Ellington Residential Mortgage REIT shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 330,200 shares of EARN short. Learn More on Ellington Residential Mortgage REIT'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. EARN shares currently have a short interest ratio of 1.0. Learn More on Ellington Residential Mortgage REIT's short interest ratio.

Ellington Residential Mortgage REIT saw a increase in short interest in April. As of April 30th, there was short interest totaling 330,200 shares, an increase of 59.9% from the previous total of 206,500 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 "finance" compare to Ellington Residential Mortgage REIT: Modiv Industrial, Inc. (0.26%), Great Ajax Corp. (0.53%), Lument Finance Trust, Inc. (0.09%), Granite Point Mortgage Trust Inc. (0.93%), Cherry Hill Mortgage Investment Co. (0.94%), ACRES Commercial Realty Corp. (0.99%), Braemar Hotels & Resorts (3.13%), AG Mortgage Investment Trust, Inc. (0.28%), City Office REIT, Inc. (1.04%), Orion Office REIT Inc. (2.23%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling EARN is an investing strategy that aims to generate trading profit from Ellington Residential Mortgage REIT as its price is falling. EARN shares are trading down $0.12 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 Ellington Residential Mortgage REIT 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 EARN, 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 EARN, twice per month. The most recent reporting period available is April, 30 2024.