Rubicon Minerals Short ratio
What is the Short ratio of Rubicon Minerals?
The Short ratio of Rubicon Minerals Corporation is 0.05
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 TSX compared to Rubicon Minerals
What does Rubicon Minerals do?
Battle North Gold Corporation engages in the exploration of gold properties in Canada and the United States. The company holds a 100% interest in Phoenix Gold project located in the Red Lake gold district in northwestern Ontario, Canada. It also holds interests in approximately 285 square kilometers of exploration ground in the Red Lake gold district; and approximately 900 square kilometers of mineral property interests in the Long Canyon gold district in the Nevada-Utah border. The company was formerly known as Rubicon Minerals Corporation and changed its name to Battle North Gold Corporation in July 2020. Battle North Gold Corporation was founded in 1996 and is headquartered in Toronto, Canada.
Companies with short ratio similar to Rubicon Minerals
- First Trust MLP and Income Fund has Short ratio of 0.04
- HAW Capital 2 has Short ratio of 0.04
- Sprott Physical Platinum and Palladium Trust has Short ratio of 0.04
- Victory Metals has Short ratio of 0.04
- Forbidden Spirits Distilling has Short ratio of 0.04
- Solid Impact Investments Corp has Short ratio of 0.04
- Rubicon Minerals has Short ratio of 0.05
- Globally Local Technologies has Short ratio of 0.06
- Seven Oaks Capital Corp has Short ratio of 0.06
- Healthcare Capital has Short ratio of 0.06
- Ion has Short ratio of 0.06
- Essential Services has Short ratio of 0.06
- General Moly has Short ratio of 0.06