First Majestic Silver (AG) Short Interest Ratio & Short Volume

Short interest is the volume of First Majestic Silver shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 17,700,000 shares of AG short. Learn More on First Majestic Silver's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. AG shares currently have a short interest ratio of 4.0. Learn More on First Majestic Silver's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of First Majestic Silver: Wolverine Trading LLC, Walleye Capital LLC, Walleye Trading LLC, K2 Principal Fund L.P., Royal Bank of Canada, Citadel Advisors LLC, Two Sigma Securities LLC, Jefferies Financial Group Inc., Parallax Volatility Advisers L.P., PEAK6 Investments LLC, HAP Trading LLC, Wolverine Asset Management LLC, Simplex Trading LLC, Bank of Montreal Can, Cutler Group LLC CA, and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

First Majestic Silver saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 17,700,000 shares, an increase of 3.9% from the previous total of 17,040,000 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 First Majestic Silver: Sandstorm Gold Ltd. (2.91%), IAMGOLD Co. (1.77%), Centerra Gold Inc. (0.31%), Eldorado Gold Co. (1.40%), Seabridge Gold Inc. (3.12%), Fortuna Silver Mines Inc. (2.61%), Coeur Mining, Inc. (7.30%), Osisko Gold Royalties Ltd (1.27%), Endeavour Silver Corp. (3.66%), Harmony Gold Mining Company Limited (0.83%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling AG is an investing strategy that aims to generate trading profit from First Majestic Silver as its price is falling. AG shares are trading down $0.07 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 First Majestic Silver occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of AG, 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 AG, twice per month. The most recent reporting period available is August, 31 2023.