Millrock Resources Short ratio
What is the Short ratio of Millrock Resources?
The Short ratio of Millrock Resources Inc. is 0.04
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 Millrock Resources
What does Millrock Resources do?
Millrock Resources Inc. engages in the acquisition and exploration of mineral properties. It deposits for gold, copper, porphyry, silver, and other metals. The company holds an interest in the Liberty Bell property covering an area of approximately 6,151 hectares; 64North Gold project covering an area of approximately 1,860 hectares; Chisna DragonSlayer project; and Apex El Nido covering an area of approximately 315 hectares located in Alaska. It also holds an interest in the El Batamote project covering a surface area of 5,796 hectares situated in Mexico. Millrock Resources Inc. was founded in 1979 and is headquartered in Vancouver, Canada.
Companies with short ratio similar to Millrock Resources
- Transition Opportunities Corp has Short ratio of 0.03
- Synstream has Short ratio of 0.03
- Toscana Income has Short ratio of 0.03
- Athlon Acquisition has Short ratio of 0.03
- Eyecarrot Innovations has Short ratio of 0.03
- Cavalry Capital Corp has Short ratio of 0.03
- Millrock Resources has Short ratio of 0.04
- Therapix Biosciences Ltd has Short ratio of 0.05
- Rubicon Minerals has Short ratio of 0.05
- Watford has Short ratio of 0.05
- TIMIA Capital has Short ratio of 0.05
- Currie Rose Resources has Short ratio of 0.05
- SciSparc has Short ratio of 0.05