Theta Gold Mines (TGMGF) Short Interest Ratio & Short Volume

Short interest is the volume of Theta Gold Mines shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 7,300 shares of TGMGF short. Learn More on Theta Gold Mines' 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. TGMGF shares currently have a short interest ratio of 3.0. Learn More on Theta Gold Mines's short interest ratio.

Theta Gold Mines saw a decline in short interest in September. As of September 15th, there was short interest totaling 7,300 shares, a decline of 94.1% from the previous total of 123,700 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 industry of "gold & silver ores" compare to Theta Gold Mines: Contango Ore, Inc. (5.27%), Osisko Development Corp. (0.73%), Idaho Strategic Resources, Inc. (2.20%), Caledonia Mining Co. Plc (1.16%), GoldMining Inc. (1.38%), Northern Dynasty Minerals Ltd. (1.12%), Gold Reserve Inc. (0.06%), Vox Royalty Corp. (0.13%), RCF Acquisition Corp. (0.00%), Integra Resources Corp. (0.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($6.15 billion), Charter Communications, Inc. ($4.04 billion), Paychex, Inc. ($2.77 billion), Nu Holdings Ltd. ($2.71 billion), Cencora, Inc. ($2.34 billion), Aptiv PLC ($2.18 billion), Tractor Supply ($2.07 billion), International Paper ($2.01 billion), AppLovin Co. ($1.95 billion), and Moderna, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling TGMGF is an investing strategy that aims to generate trading profit from Theta Gold Mines as its price is falling. 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 Theta Gold Mines 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 TGMGF, 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 TGMGF, twice per month. The most recent reporting period available is September, 15 2024.