Corvus Gold (CORVF) Short Interest Ratio & Short Volume

Short interest is the volume of Corvus Gold shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 774,800 shares of CORVF short. Learn More on Corvus 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. CORVF shares currently have a short interest ratio of 4.0. Learn More on Corvus Gold's short interest ratio.

Corvus Gold saw a increase in short interest in July. As of July 31st, there was short interest totaling 774,800 shares, an increase of 1.1% from the previous total of 766,200 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 Corvus Gold: i-80 Gold Corp. (8.23%), Gold Royalty Corp. (2.18%), Perpetua Resources Corp. (2.10%), Entrée Resources Ltd. (0.02%), Ur-Energy Inc. (2.54%), Osisko Development Corp. (0.09%), Contango Ore, Inc. (3.68%), Northern Dynasty Minerals Ltd. (1.35%), GoldMining Inc. (1.59%), Caledonia Mining Co. Plc (1.45%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.01 billion), Wayfair Inc. ($4.31 billion), Tesla, Inc. ($3.42 billion), Aon plc ($3.08 billion), The Clorox Company ($2.79 billion), The Charles Schwab Co. ($2.61 billion), Moderna, Inc. ($2.01 billion), The Kroger Co. ($1.98 billion), Zillow Group, Inc. ($1.91 billion), and Snap Inc. ($1.86 billion). View all of the most shorted stocks.

Short selling CORVF is an investing strategy that aims to generate trading profit from Corvus 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 Corvus 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 CORVF, 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 CORVF, twice per month. The most recent reporting period available is July, 31 2020.