Canna-Global Acquisition (CNGL) Short Interest Ratio & Short Volume

Short interest is the volume of Canna-Global Acquisition shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 100 shares of CNGL short. Learn More on Canna-Global Acquisition's current short interest.

Canna-Global Acquisition currently has issued a total of 6,610,000 shares. Some of Canna-Global 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. Canna-Global Acquisition currently has a public float of 2,430,000 shares.

Here is how the short interest of companies compare to Canna-Global Acquisition: ClearBridge All Cap Growth ESG ETF (0.01%), Arbe Robotics Ltd. (1.47%), OneConnect Financial Technology Co., Ltd. (0.10%), SilverSun Technologies, Inc. (6.55%), Luna Innovations Incorporated (6.66%), Swvl Holdings Corp. (1.72%), comScore, Inc. (3.05%), Shimmick Co. (2.05%), Richtech Robotics Inc. (1.59%), Maquia Capital Acquisition Co. (0.01%),

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 CNGL is an investing strategy that aims to generate trading profit from Canna-Global 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 Canna-Global 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 CNGL, 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 CNGL, twice per month. The most recent reporting period available is March, 31 2024.