Atlantic Coastal Acquisition (ACAHU) Short Interest Ratio & Short Volume

Short interest is the volume of Atlantic Coastal Acquisition shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 900 shares of ACAHU short. Learn More on Atlantic Coastal Acquisition's current short interest.

Atlantic Coastal Acquisition saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 900 shares, a decline of 10.0% from the previous total of 1,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Atlantic Coastal Acquisition currently has issued a total of 0 shares. Some of Atlantic Coastal Acquisition's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Atlantic Coastal Acquisition currently has a public float of 34,460,000 shares.

Here is how the short interest of companies in the industry of "shell companies" compare to Atlantic Coastal Acquisition: Black Hawk Acquisition Co. (0.01%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling ACAHU is an investing strategy that aims to generate trading profit from Atlantic Coastal Acquisition as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Atlantic Coastal Acquisition occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of ACAHU, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including ACAHU, twice per month. The most recent reporting period available is May, 15 2023.