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Hi Crush Inc Short ratio

What is the Short ratio of Hi Crush Inc?

The Short ratio of Hi Crush Inc is 1.33

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 Energy sector on OTC compared to Hi Crush Inc

What does Hi Crush Inc do?

Hi-Crush Inc., together with its subsidiaries, provides proppant and logistics services for hydraulic fracturing operations in the United States. The company offers raw frac sand used in the hydraulic fracturing process for oil and natural gas wells. It owns and operates various frac sand mining facilities, including a 973 contiguous acre facility located in Wyeville, Wisconsin; a 1,187 contiguous acre facility located in Eau Claire County, Wisconsin; a 1,626 acre facility located in Independence, Wisconsin and Whitehall, Wisconsin; a 1,285 acre facility located in Blair, Wisconsin with on-site processing and truck loading facilities; and a 1,226 acre grass sand reserve located near Kermit, Texas. As of December 31, 2019, the company owned and operated 11 terminal locations throughout Pennsylvania, Ohio, Texas, Colorado, and New York, as well as owned and leased 50 PropBeast conveyors and 2,978 containers, 15 Atlas topfill conveyors, and 35 silo systems. In addition, it offers PropDispatch, a logistics software system. It primarily serves pressure pumping service providers, and oil and gas exploration and production companies. Hi-Crush GP LLC operates as the general partner of the company. The company was formerly known as Hi-Crush Partners LP and changed its name to Hi-Crush Inc. in June 2019. Hi-Crush Inc. was founded in 2012 and is based in Houston, Texas. On July 12, 2020, Hi-Crush Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

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