But shorts still shorting, for now.

Gold has rallied +60% in 2025 and +27% over the last thirty days and gold stocks have rallied along with the commodity giving gold stock short sellers a 24-karat headache.

Gold Stock short sellers are down -$9.0 billion, -$93%, for the year and down -$5.1 billion, -34%, over the last thirty days.

The Gold Stock sector was a dead mine for short sellers with 73% of all shorted stocks unprofitable and 94% of every dollar shorted a losing trade.

But since Gold’s recent low on August 19th, the situation got even worse with 77% of all shorted stocks being unprofitable and 99% of every dollar shorted a losing trade.

But we are still seeing increased short selling in the Gold Stock sector as short sellers look for a pullback in this rally. But as these losses continued to accumulate, we should see short covering start pushing Gold Stock prices even higher.

Total Gold Stock short interest is $18.5 billion, and the largest Gold Stock shorts are:

Gold Stock short sellers are down -$9.0 billion, -93% for the year. The most profitable and unprofitable stocks in the Gold Stock sector over the last year are:

Gold Stock short sellers are down -$5.1 billion, -34% since 8/19. The most profitable and unprofitable stocks in the Gold Stock sector since 8/19 are:

Over the last thirty days we have seen continued short selling in the sector with $986 million of increased short selling. The largest increase in short selling occurred in:

The largest increase in short covering occurred in:

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