Rusoro Mining Short ratio
What is the Short ratio of Rusoro Mining?
The Short ratio of Rusoro Mining Ltd. is 0.37
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Materials sector on TSXV compared to Rusoro Mining
What does Rusoro Mining do?
Rusoro Mining Ltd. engages in the acquisition, exploration, development, and operation of gold mineral properties in Venezuela. It primarily holds a 95% interests in the Choco 10 mine; and 50% interest in the Isidora mine located in the El Callao district in south-eastern Venezuela. The company was formerly known as Newton Ventures Inc. and changed its name to Rusoro Mining Ltd. in November 2006. Rusoro Mining Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
Companies with short ratio similar to Rusoro Mining
- Primavera Capital Acquisition has Short ratio of 0.36
- Delaware Investments Dividend and Income Fund has Short ratio of 0.36
- Merrimack Pharmaceuticals Inc has Short ratio of 0.36
- Cache Exploration has Short ratio of 0.36
- New Destiny Mining has Short ratio of 0.36
- Mineral Mountain Resources has Short ratio of 0.36
- Rusoro Mining has Short ratio of 0.37
- Jakks Pacific has Short ratio of 0.38
- Cellectar Biosciences Inc has Short ratio of 0.38
- Overactive Media Corp has Short ratio of 0.38
- Stampede Drilling has Short ratio of 0.38
- 268 has Short ratio of 0.38
- Tribe Property Technologies has Short ratio of 0.38