Belo Sun Mining (VNNHF) Short Interest Ratio & Short Volume

Short interest is the volume of Belo Sun Mining shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 1,622,100 shares of VNNHF short. Learn More on Belo Sun Mining'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. VNNHF shares currently have a short interest ratio of 4.0. Learn More on Belo Sun Mining's short interest ratio.

Belo Sun Mining saw a decrease in short interest in April. As of April 30th, there was short interest totaling 1,622,100 shares, a decrease of 5.0% from the previous total of 1,708,300 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 industry of "precious metals" compare to Belo Sun Mining: Solaris Resources Inc. (3.09%), Agnico Eagle Mines Limited (1.59%), Wheaton Precious Metals Corp. (0.85%), Franco-Nevada Co. (1.45%), Gold Fields Limited (1.22%), Kinross Gold Co. (0.86%), and AngloGold Ashanti plc (1.43%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.19 billion), Charter Communications, Inc. ($5.76 billion), Analog Devices, Inc. ($5.70 billion), S&P Global Inc. ($5.03 billion), Airbnb, Inc. ($4.01 billion), Snap Inc. ($3.54 billion), Nuance Communications, Inc. ($2.72 billion), Expedia Group, Inc. ($2.31 billion), The Kroger Co. ($2.25 billion), and GameStop Corp. ($2.05 billion). View all of the most shorted stocks.

Short selling VNNHF is an investing strategy that aims to generate trading profit from Belo Sun Mining as its price is falling. VNNHF shares are trading up $0.00 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 Belo Sun 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 VNNHF, 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 VNNHF, twice per month. The most recent reporting period available is April, 30 2021.