Crown Mining Short ratio
What is the Short ratio of Crown Mining?
The Short ratio of Crown Mining Corp. is 0.93
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 Crown Mining
What does Crown Mining do?
Crown Mining Corp., through its subsidiaries, engages in the exploration and evaluation of mineral properties in Canada and the United States. The company explores for copper, nickel, gold, and silver deposits. The company holds 100% interests in the Moonlight-Superior copper project located in the Plumas County, California; and the Black Warrior project that include 2 patented claims located in the Esmeralda County, Nevada. It also holds 100% interests in the Timore project located in Ontario; and the Warren Whiteside project that include 14 patented mining claims located in Whiteside Township in Ontario. The company was formerly known as Crown Gold Corporation and changed its name to Crown Mining Corp. in June 2014. Crown Mining Corp. is headquartered in Toronto, Canada.
Companies with short ratio similar to Crown Mining
- Kerr Mines has Short ratio of 0.92
- Hoegh LNG Partners LP has Short ratio of 0.92
- Eaton Vance Tax-Managed Buy-Write Strategy Fund has Short ratio of 0.92
- Sierra Oncology Inc has Short ratio of 0.92
- Discovery Metals has Short ratio of 0.92
- Plumas Bancorp has Short ratio of 0.92
- Crown Mining has Short ratio of 0.93
- Bank Of New York Mellon Corp has Short ratio of 0.94
- Cementos Pacasmayo S.A.A has Short ratio of 0.94
- GEN III Oil has Short ratio of 0.94
- BMEX Gold has Short ratio of 0.94
- New Age Metals has Short ratio of 0.94
- Enveric Biosciences has Short ratio of 0.94