Bright Lights Acquisition (BLTS) Short Interest Ratio & Short Volume

Short interest is the volume of Bright Lights Acquisition shares that have been sold short but have not yet been covered or closed out. As of November 30th, investors have sold 534,200 shares of BLTS short. Learn More on Bright Lights 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. BLTS shares currently have a short interest ratio of 5.0. Learn More on Bright Lights Acquisition's short interest ratio.

Bright Lights Acquisition saw a increase in short interest in the month of November. As of November 30th, there was short interest totaling 534,200 shares, an increase of 1.5% from the previous total of 526,200 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.

Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Bright Lights Acquisition: TortoiseEcofin Acquisition Corp. III (0.03%), Pearl Holdings Acquisition Corp (0.00%), Patria Latin American Opportunity Acquisition Corp. (0.01%), Inflection Point Acquisition Corp. II (0.02%), Spring Valley Acquisition Corp. II (0.12%), Cartesian Growth Co. II (0.01%), Investcorp Europe Acquisition Corp I (0.10%), CONX Corp. (0.41%), Rigel Resource Acquisition Corp. (0.00%), Enphys Acquisition Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.93 billion), Suncor Energy Inc. ($3.50 billion), T. Rowe Price Group, Inc. ($2.29 billion), PG&E Co. ($1.73 billion), Coinbase Global, Inc. ($1.71 billion), Etsy, Inc. ($1.65 billion), Paramount Global ($1.54 billion), Lucid Group, Inc. ($1.50 billion), Old Dominion Freight Line, Inc. ($1.46 billion), and DICK'S Sporting Goods, Inc. ($1.41 billion). View all of the most shorted stocks.

Short selling BLTS is an investing strategy that aims to generate trading profit from Bright Lights 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 Bright Lights 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 BLTS, 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 BLTS, twice per month. The most recent reporting period available is November, 30 2022.