Centerra Gold (CAGDF) Short Interest Ratio & Short Volume

Short interest is the volume of Centerra Gold shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 1,058,500 shares of CAGDF short. Learn More on Centerra 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. CAGDF shares currently have a short interest ratio of 30.0. Learn More on Centerra Gold's short interest ratio.

Centerra Gold saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,058,500 shares, a decrease of 1.8% from the previous total of 1,077,400 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 industry of "precious metals" compare to Centerra Gold: Paradigm Oil and Gas Inc. (0.01%), Sibanye Gold Limited (2.53%), Agnico Eagle Mines Limited (1.67%), and Wheaton Precious Metals Corp. (2.14%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.58 billion), Charter Communications, Inc. ($5.48 billion), Aon plc ($5.31 billion), Airbnb, Inc. ($3.01 billion), Snap Inc. ($2.99 billion), Warner Bros. Discovery, Inc. ($2.56 billion), Peloton Interactive, Inc. ($2.30 billion), The Kroger Co. ($2.29 billion), Expedia Group, Inc. ($2.23 billion), and GameStop Corp. ($2.03 billion). View all of the most shorted stocks.

Short selling CAGDF is an investing strategy that aims to generate trading profit from Centerra Gold as its price is falling. CAGDF shares are trading down $0.12 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 Centerra 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 CAGDF, 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 CAGDF, twice per month. The most recent reporting period available is March, 31 2021.