Alio Gold (ALO) Short Interest Ratio & Short Volume

Short interest is the volume of Alio Gold shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 459,200 shares of ALO short. 0.56% of Alio Gold's shares are currently sold short. Learn More on Alio Gold'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. ALO shares currently have a short interest ratio of 2.0. Learn More on Alio Gold's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.56% of Alio Gold's floating shares are currently sold short.

Alio Gold saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 459,200 shares, an increase of 2.5% from the previous total of 447,800 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.

Alio Gold currently has issued a total of 84,707,000 shares. Some of Alio Gold's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Alio Gold currently has a public float of 82,340,000 shares.

0.56% of Alio Gold's shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to Alio Gold: Gold Resource Co. (0.21%), American Resources Co. (5.06%), Vox Royalty Corp. (0.19%), American Lithium Corp. (0.74%), Idaho Strategic Resources, Inc. (0.70%), International Tower Hill Mines Ltd. (0.14%), NioCorp Developments Ltd. (2.68%), Alpha Lithium Co. (0.83%), Dundee Co. (0.03%), Golden Arrow Merger Corp. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Match Group, Inc. ($4.49 billion), Wayfair Inc. ($3.21 billion), Tesla, Inc. ($3.01 billion), Morgan Stanley ($2.93 billion), The Charles Schwab Co. ($2.55 billion), Aon plc ($2.52 billion), The Clorox Company ($2.41 billion), Snap Inc. ($2.25 billion), Carnival Co. & plc ($2.06 billion), and Simon Property Group, Inc. ($1.88 billion). View all of the most shorted stocks.

Short selling ALO is an investing strategy that aims to generate trading profit from Alio Gold as its price is falling. 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 Alio Gold 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 ALO, 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 ALO, twice per month. The most recent reporting period available is June, 30 2020.