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 March 31st, traders have sold 3,800 shares of ACBA short. 0.18% 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. 0.18% of Ace Global Business Acquisition's floating shares are currently sold short.

Ace Global Business Acquisition saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 3,800 shares, a decline of 9.5% from the previous total of 4,200 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.

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 2,130,000 shares.

0.18% of Ace Global Business Acquisition's shares are currently sold short. Here is how the short interest of companies compare to Ace Global Business Acquisition: Allied Gaming & Entertainment Inc. (2.01%), 51Talk Online Education Group (0.23%), Snail, Inc. (0.36%), Jerash Holdings (US), Inc. (0.07%), The Container Store Group, Inc. (1.67%), Cumulus Media Inc. (2.47%), Mountain Crest Acquisition Corp. V (0.03%), Connexa Sports Technologies Inc. (1.90%), The Beachbody Company, Inc. (4.81%), Sonder Holdings Inc. (8.46%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 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 March, 31 2024.