Ace Global Business Acquisition (ACBA) Short Interest Ratio & Short Volume

Short interest is the volume of Ace Global Business Acquisition shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 3,800 shares of ACBA short. 0.21% of Ace Global Business Acquisition's shares are currently sold short. Learn More on Ace Global Business Acquisition's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. ACBA shares currently have a short interest ratio of 1.0. Learn More on Ace Global Business Acquisition's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.21% of Ace Global Business Acquisition's floating shares are currently sold short.

Ace Global Business Acquisition currently has issued a total of 3,430,000 shares. Some of Ace Global Business 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. Ace Global Business Acquisition currently has a public float of 1,830,000 shares.

0.21% of Ace Global Business Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Ace Global Business Acquisition: Hennessy Capital Investment Corp. VI (0.01%), Spring Valley Acquisition Corp. II (0.02%), Plum Acquisition Corp. III (0.02%), Brooge Energy Limited (0.14%), Papaya Growth Opportunity Corp. I (0.18%), Global Lights Acquisition Corp (0.29%), Evergreen Co. (0.02%), Black Hawk Acquisition Co. (0.02%), Iron Horse Acquisitions Corp. (0.02%), Investcorp India Acquisition Corp (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling ACBA is an investing strategy that aims to generate trading profit from Ace Global Business 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 Ace Global Business Acquisition occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of ACBA, 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 ACBA, twice per month. The most recent reporting period available is April, 30 2024.