UNG Short Sellers Keep Running
The bear retreat in UNG has deepened further. Short interest has now fallen to 5.6% of free float, down 29% week-on-week. That extends the unwind flagged in last week's note, which itself had already pulled back from…

United States Natural Gas Fund, LP
ARCAUNG short interest plunges 23% in one day to 7.9% of float, reversing week's 43% gain as natural gas fund volatility intensifies.
Short interest % of float, cost to borrow, utilization, and put/call ratio for UNG are part of the ORTEX premium tier. Sign up to read the live numbers alongside the analysis.
The bear retreat in UNG has deepened further. Short interest has now fallen to 5.6% of free float, down 29% week-on-week. That extends the unwind flagged in last week's note, which itself had already pulled back from…
UNG has done another about-face — the bear rebuild flagged in last week's note has largely unwound, with short interest dropping sharply and the lending market loosening to its most comfortable level in weeks. The…
Snapshot as of 5 Aug 2026
UNG has reversed course sharply — the short-covering story that defined the July 8 note has unwound almost entirely, with bears rebuilding positions at the fastest pace in over a month. The short interest reversal is…
UNG has flipped the script in a week — the bear conviction that peaked on June 30 is unwinding fast, and the lending market is moving in lock-step. The short reversal is the dominant story. Short interest has fallen…
UNG enters July with short sellers pressing harder than at any point in the past month — and the borrow market confirming the conviction. The short position has accelerated sharply. Short interest climbed 51% over the…
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