ASA Gold and Precious Metals (ASA) Short Interest Ratio & Short Volume

Short interest is the volume of ASA Gold and Precious Metals shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 38,400 shares of ASA short. Learn More on ASA Gold and Precious Metals' 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. ASA shares currently have a short interest ratio of 1.0. Learn More on ASA Gold and Precious Metals's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of ASA Gold and Precious Metals: Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

ASA Gold and Precious Metals saw a decrease in short interest in April. As of April 15th, there was short interest totaling 38,400 shares, a decrease of 2.5% from the previous total of 39,400 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 "finance" compare to ASA Gold and Precious Metals: Bain Capital Specialty Finance, Inc. (0.26%), Banco Bradesco S.A. (0.00%), Banco Macro S.A. (1.19%), BlackRock TCP Capital Corp. (1.55%), Burford Capital Limited (0.81%), Grupo Financiero Galicia S.A. (3.20%), Intercorp Financial Services Inc. (0.25%), Itaú Unibanco Holding S.A. (0.54%), Monroe Capital Co. (0.34%), and Northeast Bank (0.87%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling ASA is an investing strategy that aims to generate trading profit from ASA Gold and Precious Metals as its price is falling. ASA shares are trading up $0.38 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 ASA Gold and Precious Metals 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 ASA, 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 ASA, twice per month. The most recent reporting period available is April, 15 2024.