Royal Gold's Short Interest Falls 43.78%, Below Peer Average

Royal Gold's short interest has fallen 43.78% since its last report, with 1.07 million shares sold short, representing 2.44% of its available shares. The trading volume suggests it would take traders 1.86 days to cover their short positions. The company's peer group average for short interest is 3.94%, indicating less short interest than most of its peers. The decrease in short interest can signal a shift in market sentiment, but it does not necessarily mean the stock will rise in the near term.

Royal Gold Inc.'s (RGLD) short interest has decreased significantly, falling by 43.78% since its last report. The company now has 1.07 million shares sold short, representing 2.44% of its available shares for trading. Given the trading volume, it would take traders approximately 1.86 days to cover their short positions [1].

The decrease in short interest can act as an indicator of market sentiment. An increase in short interest typically signals bearish sentiment, while a decrease suggests bullish sentiment. However, it is essential to note that a decrease in short interest does not guarantee an immediate rise in the stock price. It merely suggests that fewer traders are betting against the company, which could be a positive sign for the stock's future performance [1].

Comparing Royal Gold's short interest to its peers, the company has less short interest than most of its peers. The average short interest as a percentage of float for Royal Gold's peer group is 3.94%, indicating that Royal Gold is less targeted by short sellers compared to its industry counterparts [1].

While the decline in short interest is a positive development, it is crucial for investors to consider other factors such as the company's financial health, market conditions, and industry trends. Royal Gold's recent performance and future prospects will continue to influence its stock price, regardless of the short interest levels.

References:
[1] https://www.benzinga.com/insights/short-sellers/25/07/46558165/is-royal-gold-gaining-or-losing-market-support