International Tower Hill Mines (THM) Short Interest Ratio & Short Volume

Short interest is the volume of International Tower Hill Mines shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 114,400 shares of THM short. 0.07% of International Tower Hill Mines' shares are currently sold short. Learn More on International Tower Hill Mines' 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. THM shares currently have a short interest ratio of 2.0. Learn More on International Tower Hill Mines's short interest ratio.

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

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. 0.07% of International Tower Hill Mines' floating shares are currently sold short.

International Tower Hill Mines saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 114,400 shares, a decrease of 23.8% from the previous total of 150,100 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.

International Tower Hill Mines currently has issued a total of 195,890,000 shares. Some of International Tower Hill Mines' 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. International Tower Hill Mines currently has a public float of 167,140,000 shares.

0.07% of International Tower Hill Mines' shares are currently sold short. Here is how the short interest of companies in the sector of "basic materials" compare to International Tower Hill Mines: Wealth Minerals Ltd. (0.01%), Americas Silver Corp (1.33%), Augusta Gold Corp. (0.06%), Avalon Advanced Materials Inc. (0.00%), Mountain Province Diamonds Inc. (0.08%), Bunker Hill Mining Corp. (0.00%), NioCorp Developments Ltd. (1.99%), EMX Royalty Co. (0.06%), Western Copper and Gold Co. (0.62%), American Lithium Corp. (1.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling THM is an investing strategy that aims to generate trading profit from International Tower Hill Mines as its price is falling. THM shares are trading up $0.01 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 International Tower Hill Mines 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 THM, 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 THM, twice per month. The most recent reporting period available is November, 15 2023.