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Thungela Resources (TNGRF) Short Interest Ratio & Short Volume

$7.65
+0.20 (+2.68%)
(As of 05/21/2024 ET)

Thungela Resources Short Interest Data

Current Short Interest
3,100 shares
Previous Short Interest
6,400 shares
Change Vs. Previous Month
-51.56%
Dollar Volume Sold Short
$21,762.00
Short Interest Ratio
0.9 Days to Cover
Last Record Date
April 30, 2024
Today's Trading Volume
1,400 shares
Average Trading Volume
3,492 shares
Today's Volume Vs. Average
40%
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TNGRF Short Interest Over Time

TNGRF Days to Cover Over Time

TNGRF Percentage of Float Shorted Over Time

Thungela Resources Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/30/20243,100 shares $21,762.00 -51.6%N/A0.9 $7.02
4/15/20246,400 shares $50,304.00 -41.8%N/A0.9 $7.86
3/31/202411,000 shares $72,270.00 +120.0%N/A0.9 $6.57
3/15/20245,000 shares $29,850.00 -19.4%N/A0.7 $5.97
2/29/20246,200 shares $33,375.22 +148.0%N/A1 $5.38
2/15/20242,500 shares $15,250.00 -76.2%N/A0.3 $6.10
1/15/20243,100 shares $26,040.00 -63.1%N/A0.4 $8.40
12/31/20238,400 shares $72,240.00 +663.6%N/A4.1 $8.60
12/15/20231,100 shares $7,931.00 -71.1%N/A0.1 $7.21
11/30/20233,800 shares $28,538.00 -25.5%N/A0.5 $7.51
11/15/20235,100 shares $44,880.00 +104.0%N/A0.7 $8.80
10/31/20232,500 shares $22,262.50 -86.8%N/A0.3 $8.91
10/15/202318,900 shares $188,527.50 +204.8%N/A2.1 $9.98
9/30/20236,200 shares $57,040.00 -57.8%N/A0.4 $9.20
9/15/202314,700 shares $128,639.70 +137.1%N/A1 $8.75
8/31/20236,200 shares $49,600.00 +40.9%N/A1.2 $8.00
8/15/20234,400 shares $30,800.00 +238.5%N/A0.9 $7.00
7/31/20231,300 shares $9,763.00 -83.1%N/A0.1 $7.51
7/15/20237,700 shares $57,711.50 +541.7%N/A2.7 $7.50
6/30/20231,200 shares $9,000.00 -82.9%N/A0.7 $7.50
6/15/20237,000 shares $58,800.70 -74.3%N/A1.4 $8.40
5/31/202327,200 shares $195,024.00 -34.1%N/A1.9 $7.17
5/15/202341,300 shares $363,440.00 -21.2%N/A12.5 $8.80
4/30/202352,400 shares $494,656.00 +58.8%N/A3.6 $9.44
4/15/202333,000 shares $387,750.00 +27.4%N/A5.2 $11.75
3/31/202325,900 shares $0.00 -3.7%N/A17.3 $0.00

TNGRF Short Interest - Frequently Asked Questions

What is Thungela Resources' current short interest?

Short interest is the volume of Thungela Resources shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 3,100 shares of TNGRF short. Learn More on Thungela Resources' current short interest.

What is a good short interest ratio for Thungela Resources?

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. TNGRF shares currently have a short interest ratio of 1.0. Learn More on Thungela Resources's short interest ratio.

Is Thungela Resources' short interest increasing or decreasing?

Thungela Resources saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,100 shares, a decrease of 51.6% from the previous total of 6,400 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.

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

What does it mean to sell short Thungela Resources stock?

Short selling TNGRF is an investing strategy that aims to generate trading profit from Thungela Resources as its price is falling. TNGRF shares are trading up $0.20 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.

How does a short squeeze work against Thungela Resources?

A short squeeze for Thungela Resources 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 TNGRF, which in turn drives the price of the stock up even further.

How often is Thungela Resources' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TNGRF, twice per month. The most recent reporting period available is April, 30 2024.



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This page (OTCMKTS:TNGRF) was last updated on 5/22/2024 by MarketBeat.com Staff

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