Augusta Gold (AUGG) Short Interest Ratio & Short Volume

Short interest is the volume of Augusta Gold shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 12,600 shares of AUGG short. Learn More on Augusta Gold's current short interest.

Augusta Gold saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 12,600 shares, a decrease of 32.3% from the previous total of 18,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "basic materials" compare to Augusta Gold: NioCorp Developments Ltd. (2.46%), Americas Silver Corp (0.68%), Bunker Hill Mining Corp. (0.01%), Wealth Minerals Ltd. (0.01%), Mountain Province Diamonds Inc. (0.05%), Avalon Advanced Materials Inc. (0.01%), International Tower Hill Mines Ltd. (0.08%), American Lithium Corp. (0.63%), EMX Royalty Co. (0.07%), Amerigo Resources Ltd. (0.46%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling AUGG is an investing strategy that aims to generate trading profit from Augusta Gold as its price is falling. AUGG shares are trading up $0.04 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Augusta Gold occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of AUGG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including AUGG, twice per month. The most recent reporting period available is May, 15 2024.