First Quantum Minerals (FQVLF) Short Interest Ratio & Short Volume

Short interest is the volume of First Quantum Minerals shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 3,066,800 shares of FQVLF short. Learn More on First Quantum Minerals' 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. FQVLF shares currently have a short interest ratio of 15.0. Learn More on First Quantum Minerals's short interest ratio.

First Quantum Minerals saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 3,066,800 shares, an increase of 12.7% from the previous total of 2,722,400 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.

Here is how the short interest of companies in the sector of "basic materials" compare to First Quantum Minerals: South32 Limited (0.01%), Cleveland-Cliffs Inc. (5.80%), Lundin Mining Co. (2.06%), Impala Platinum Holdings Limited (0.00%), MP Materials Corp. (23.12%), Hudbay Minerals Inc. (1.24%), AngloGold Ashanti plc (1.57%), The Mosaic Company (2.17%), Covestro AG (0.00%), Croda International Plc (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling FQVLF is an investing strategy that aims to generate trading profit from First Quantum Minerals as its price is falling. FQVLF shares are trading down $0.44 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 First Quantum Minerals 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 FQVLF, 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 FQVLF, twice per month. The most recent reporting period available is April, 15 2024.