Newcrest Mining (NCMGY) Short Interest Ratio & Short Volume

Short interest is the volume of Newcrest Mining shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 12,900 shares of NCMGY short. Learn More on Newcrest Mining's current short interest.

Newcrest Mining saw a decline in short interest in October. As of October 31st, there was short interest totaling 12,900 shares, a decline of 38.9% from the previous total of 21,100 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.

Here is how the short interest of companies in the sector of "basic materials" compare to Newcrest Mining: Albemarle Co. (12.45%), CF Industries Holdings, Inc. (2.97%), Sociedad Química y Minera de Chile S.A. (1.39%), Gold Fields Limited (1.38%), Bunge Global SA (3.69%), Suzano S.A. (0.20%), WestRock (6.01%), Wilmar International Limited (0.00%), International Paper (1.87%), Brenntag SE (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling NCMGY is an investing strategy that aims to generate trading profit from Newcrest Mining as its price is falling. NCMGY shares are trading up $0.43 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 Newcrest Mining 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 NCMGY, 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 NCMGY, twice per month. The most recent reporting period available is October, 31 2023.