Radient Technologies Short ratio
What is the Short ratio of Radient Technologies?
The Short ratio of Radient Technologies, Inc. is 0.03
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 Industrials sector on TSXV compared to Radient Technologies
What does Radient Technologies do?
Radient Technologies Inc., together with its subsidiaries, processes, sells, and distributes cannabis materials in Canada. It offers cannabis oil, standardized cannabinoid ingredients, cannabis extracts, and cannabis formulations. The company also provides extraction services for the extraction, purification, and isolation of cannabinoids for third parties. Its ingredients are used in natural food and beverage products, personal care products, and nutraceutical and pharmaceutical products. Radient Technologies Inc. was incorporated in 2001 and is headquartered in Edmonton, Canada.
Companies with short ratio similar to Radient Technologies
- Sustainable Real Estate Dividen has Short ratio of 0.02
- The Hempshire Inc has Short ratio of 0.02
- Leonovus has Short ratio of 0.02
- Kiboko Gold Inc has Short ratio of 0.02
- St Charles Resources Inc has Short ratio of 0.02
- 262244 has Short ratio of 0.02
- Radient Technologies has Short ratio of 0.03
- Total Helium Ltd has Short ratio of 0.04
- OpenSesame Acquisition has Short ratio of 0.04
- Rackla Metals has Short ratio of 0.04
- B. Riley Principal Merger II has Short ratio of 0.04
- Millrock Resources has Short ratio of 0.04
- Mosaic Capital has Short ratio of 0.04