Cardero Resource Short ratio
What is the Short ratio of Cardero Resource?
The Short ratio of Cardero Resource Corp. is 0.60
What is the definition of Short ratio?
Short ratio is the number of shares sold short divided by the average daily volume.
= short interest / average daily volume
Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.
The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.
Short ratio of companies in the Materials sector on TSXV compared to Cardero Resource
What does Cardero Resource do?
Cardero Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for silver and copper deposits. It holds an interest in the Silver Queen property located in Arizona through staking; and 100% interests in the Zonia copper project located in Arizona, the United States. The company was formerly known as Sun Devil Gold Corp. and changed its name to Cardero Resource Corp. in May 1999. Cardero Resource Corp. is headquartered in Vancouver, Canada.
Companies with short ratio similar to Cardero Resource
- Stuart Olson has Short ratio of 0.59
- Schultze Special Purpose Acquisition Corp II has Short ratio of 0.59
- Mission Ready Solutions has Short ratio of 0.59
- Kolibri Global has Short ratio of 0.59
- Triple Flag Precious Metals has Short ratio of 0.59
- CPI Aerostructures Inc has Short ratio of 0.59
- Cardero Resource has Short ratio of 0.60
- Eaton Vance Tax-Managed Global Diversified Equity Income Fund has Short ratio of 0.61
- KKR Income Opportunities Fund has Short ratio of 0.61
- Nokia Corp has Short ratio of 0.61
- Fremont Gold has Short ratio of 0.61
- Noram Ventures has Short ratio of 0.61
- China Xiangtai Food Co has Short ratio of 0.61