SSR Mining Short Interest Analysis
SSR Mining Inc. (SSRM) has seen its short interest reach 8.6 million shares. While the borrow fee remains low at 0.4%, the 'days to cover' ratio has climbed to 4.0, indicating that it would take longer for short sellers to exit their positions if a sudden reversal in price were to occur. This is a key metric for traders looking for potential squeeze setups in the mining sector.
Market Sentiment
Despite the increase in total shares shorted, the low borrow fee suggests that there is ample supply of shares available for lending. This lack of scarcity in the lending market means that short sellers are not currently under significant pressure to cover. We will continue to track the Fails to Deliver (FTD) data to see if any settlement issues arise that could force a change in the current short-selling dynamics.
Signal data sourced from CurvedTrading. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.