TORC Oil & Gas Short ratio
What is the Short ratio of TORC Oil & Gas?
The Short ratio of TORC Oil & Gas Ltd. is 0.31
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 Energy sector on TSX compared to TORC Oil & Gas
What does TORC Oil & Gas do?
TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.
Companies with short ratio similar to TORC Oil & Gas
- Trajectory Alpha Acquisition Co has Short ratio of 0.30
- Nuveen Georgia Quality Municipal Income Fund has Short ratio of 0.30
- Medley Management Inc has Short ratio of 0.30
- Ossen Innovation Co Ltd has Short ratio of 0.30
- Western Asset Global High Income Fund Inc has Short ratio of 0.30
- Mexico Fund Inc has Short ratio of 0.30
- TORC Oil & Gas has Short ratio of 0.31
- Rosetta Stone has Short ratio of 0.32
- Mizuho has Short ratio of 0.32
- Murchison Minerals has Short ratio of 0.32
- PFB has Short ratio of 0.32
- NXG Cushing Midstream Fund has Short ratio of 0.32
- Sabre Gold Mines has Short ratio of 0.32