Pinnacle Silver and Gold (NRGOF) Short Interest Ratio & Short Volume

Short interest is the volume of Pinnacle Silver and Gold shares that have been sold short but have not yet been covered or closed out. As of December 15th, traders have sold 100 shares of NRGOF short. Learn More on Pinnacle Silver and Gold's current short interest.

Pinnacle Silver and Gold saw a decline in short interest during the month of December. As of December 15th, there was short interest totaling 100 shares, a decline of 98.5% from the previous total of 6,800 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), PG&E Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling NRGOF is an investing strategy that aims to generate trading profit from Pinnacle Silver and 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 Pinnacle Silver and 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 NRGOF, 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 NRGOF, twice per month. The most recent reporting period available is December, 15 2022.