Sprott (SPOXF) Short Interest Ratio & Short Volume

Short interest is the volume of Sprott shares that have been sold short but have not yet been covered or closed out. As of May 15th, investors have sold 372,700 shares of SPOXF short. Learn More on Sprott'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. SPOXF shares currently have a short interest ratio of 1.0. Learn More on Sprott's short interest ratio.

Sprott saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 372,700 shares, a decrease of 49.9% from the previous total of 743,200 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.57 billion), Match Group, Inc. ($3.08 billion), Wayfair Inc. ($2.66 billion), Tesla, Inc. ($2.60 billion), The Clorox Company ($2.52 billion), The Charles Schwab Co. ($2.39 billion), DexCom, Inc. ($2.39 billion), International Flavors & Fragrances Inc. ($1.88 billion), The Kroger Co. ($1.78 billion), and Snap Inc. ($1.66 billion). View all of the most shorted stocks.

Short selling SPOXF is an investing strategy that aims to generate trading profit from Sprott 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 Sprott 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 SPOXF, 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 SPOXF, twice per month. The most recent reporting period available is May, 15 2020.