Continental Gold (CGOOF) Short Interest Ratio & Short Volume

Short interest is the volume of Continental Gold shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 906,900 shares of CGOOF short. Learn More on Continental Gold'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. CGOOF shares currently have a short interest ratio of 17.0. Learn More on Continental Gold's short interest ratio.

Continental Gold saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 906,900 shares, a drop of 41.3% from the previous total of 1,543,900 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.18 billion), Microchip Technology Incorporated ($2.36 billion), McKesson Co. ($2.18 billion), Tiffany & Co. ($1.90 billion), The Charles Schwab Co. ($1.85 billion), Match Group, Inc. ($1.60 billion), Hormel Foods Co. ($1.59 billion), The Clorox Company ($1.52 billion), eBay Inc. ($1.45 billion), and Lumen Technologies, Inc. ($1.30 billion). View all of the most shorted stocks.

Short selling CGOOF is an investing strategy that aims to generate trading profit from Continental Gold as its price is falling. CGOOF shares are trading up $0.01 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 Continental Gold 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 CGOOF, 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 CGOOF, twice per month. The most recent reporting period available is February, 28 2020.