Short interest // FINRA, biweekly, dated

TMCR short interest

The Metals Royalty Company Inc

0%30%+0.16%Low short interest
0.16% of TMCR’s shares outstanding is sold short

80,720 shares short / 50,926,632 shares outstanding (share count as of 2025-12-31, 20-F).

Low” describes how crowded the short position is, not where the stock goes next. Percent of shares outstanding, not percent of float; where filings allow it, the float version appears below as a floor.

As of the 2026-07-15 settlement, which is 27 days ago. FINRA publishes twice a month on the seventh business day after settlement, so this cycle was published around 2026-07-24 and the next is expected around 2026-08-11. No free source anywhere has anything fresher, including sites that display this number next to a live price.

Shares sold short80,720
Prior settlement28,820
Change+180.1%
Days to coverShares short divided by average daily volume, both FINRA figures.1.06
Average daily volume (FINRA, the days-to-cover denominator)75,822
ExchangeNasdaq (SmallCap)
Reg SHO threshold listPersistent settlement failures under Reg SHO Rule 203. A delivery-failure list, not a “naked shorting” list.Not on the list (2026-08-10)
Short interest, % of shares outstandingPercent of shares outstanding. Not percent of float, and the two are not the same number.0.16%
Shares outstanding (from filings, as of 2025-12-31)50,926,632

Short interest history

7 settlements on record, oldest 2026-04-15. Biweekly points, from FINRA’s own archive.

SettlementShares shortDays to cover
2026-07-1580,7201.06
2026-06-3028,8200.32
2026-06-1554,1270.77
2026-05-2991,4612.74
2026-05-15112,5160.93
2026-04-3084,8590.58
Different measurement // daily, and not a position

Daily short volume

This is not the number above.Short interest is the position still held short, reported twice a month. Short volume is the share of a single day’s trading that was marked as a sell-short order, published daily. Most of it is market makers hedging and closing within the same session, so a stock printing a high figure here is not that percentage sold short.

Latest session (2026-08-10)
54.5%
Average, last 10 sessions
69.3%
2026-08-1054.5%
2026-08-0769.4%
2026-08-0681.8%
2026-08-0584.4%
2026-08-0469.1%
2026-08-0389.1%
2026-07-3179.2%
2026-07-3091.1%
2026-07-2952.5%
2026-07-2822.2%

FINRA Reg SHO consolidated daily file. Sessions with no row for TMCR are omitted rather than shown as zero.

Price context // daily bars, not short data

Where the price sits

Session of 2026-08-10, from 86 sessions of daily bars. These are price figures, not short figures, and they update daily rather than twice a month.

Close$6.23
Volume, latest session50,225
Volume vs averageAgainst its own 50-session average of 69,364, same series on both sides0.72x
% from 50-day average ($7.62)-18.2%
RSI, 14-dayWilder’s construction, so it matches what charting platforms print47.8

Some longer-window figures are absent because TMCR has only 86 sessions of history. A 200-day average computed over fewer than 200 sessions is a different number with the same name, so it is left out rather than approximated.

Why there is no “% of float” here

Percent of float is the number the paid trackers lead with, and it is the one number in this category that cannot be published honestly for free. There is no free float share count: the SEC’s XBRL concept for float does not exist, and the closest one, public float, is measured in dollars and is filed once a year with the annual report. For Apple it currently reads as of March 2025, sixteen months ago.

So a free site showing percent of float is doing one of two things: quietly substituting shares outstanding, which for a heavily insider-held small company is a wildly different number, or republishing a commercial estimate it licensed. We publish the percentage that filed data supports, label it as percent of shares outstanding, and where insider Form 4 filings allow it we publish percent of float as an explicit floor: subtracting only filed direct insider holdings from shares outstanding gives a ceiling on float, so the division gives a number the true percentage can only exceed. What we will not do is print a bare “% of float” built on someone else’s estimate. Where a figure is measured, this site says what it was measured against. Read the methodology.

What days to cover means

Open short interest divided by average daily trading volume: roughly how many full sessions of normal volume it would take for every short position to be bought back. FINRA computes it per security at each settlement and we pass their figure through. This matters more than it sounds, because sites that compute their own pick their own volume window and rarely say which, so the same stock shows materially different values depending on where you look.

High short interest and high days to cover describe fuel, not ignition. They say a crowded position exists; they say nothing about whether it unwinds, and heavily shorted stocks frequently keep falling. Educational information, not investment advice.

TMCR short interest FAQ

How old is this TMCR short interest figure?

It is the 2026-07-15 settlement, which is 27 days ago. FINRA collects short interest twice a month and publishes on the seventh business day after each settlement date, so this was published around 2026-07-24 and the next cycle is expected around 2026-08-11. There is no fresher short interest available anywhere for free, including from tools that display it next to a live price.

Why does this show percent of shares outstanding rather than percent of float?

Because float share counts are not published by any free source. The SEC XBRL concept for float does not exist, and the nearest one is measured in dollars and comes only from the annual report. Every free site showing a float percentage is republishing a commercial estimate. We publish the percentage we can compute from filed data and label it for what it is, rather than passing shares outstanding off as float.

Where does days to cover come from?

Shares short divided by average daily volume, using FINRA’s own two published figures. We do not use FINRA’s own days-to-cover field, because it is floored at 1.00: across the current file, 7,869 securities, over a third of the market, are published at exactly 1.00 and nearly all of them are genuinely below it. One stock with a true ratio of 0.03 is published as 1.00. Sites that instead invent their own average-volume window produce a different problem, which is why the operands here are both FINRA’s.

Is high short interest a buy signal?

No. High short interest is frequently the market pricing real problems, and many heavily shorted stocks keep falling. This page measures positioning. It makes no recommendation.

Keep going: short squeeze screener · TMCR dilution profile · what short interest means · methodology