Dragoneer Growth Opportunities Corp. II (DGNS) Short Interest Ratio & Short Volume

Short interest is the volume of Dragoneer Growth Opportunities Corp. II shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 96,000 shares of DGNS short. 0.36% of Dragoneer Growth Opportunities Corp. II's shares are currently sold short. Learn More on Dragoneer Growth Opportunities Corp. II's current short interest.

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. 0.36% of Dragoneer Growth Opportunities Corp. II's floating shares are currently sold short.

Dragoneer Growth Opportunities Corp. II saw a increase in short interest in November. As of November 15th, there was short interest totaling 96,000 shares, an increase of 255.6% from the previous total of 27,000 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.

Dragoneer Growth Opportunities Corp. II currently has issued a total of 28,352,000 shares. Some of Dragoneer Growth Opportunities Corp. II'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. Dragoneer Growth Opportunities Corp. II currently has a public float of 26,640,000 shares.

0.36% of Dragoneer Growth Opportunities Corp. II's shares are currently sold short. Here is how the short interest of companies compare to Dragoneer Growth Opportunities Corp. II: Xperi Inc. (4.37%), Intellicheck, Inc. (1.49%), Moatable, Inc. (0.03%), SeaChange International, Inc. (0.03%), AppTech Payments Corp. (0.00%), iCoreConnect Inc. (1.70%), Zapata Computing Holdings Inc. (0.58%), Presto Automation Inc. (0.00%), Shopify Inc. (2.18%), CCC Intelligent Solutions Holdings Inc. (6.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($11.06 billion), S&P Global Inc. ($8.74 billion), Charter Communications, Inc. ($5.66 billion), Canadian Pacific Kansas City Limited ($5.43 billion), Wayfair Inc. ($4.23 billion), Palo Alto Networks, Inc. ($3.46 billion), DoorDash, Inc. ($3.41 billion), Teladoc Health, Inc. ($2.84 billion), Etsy, Inc. ($2.76 billion), and Zscaler, Inc. ($2.62 billion). View all of the most shorted stocks.

Short selling DGNS is an investing strategy that aims to generate trading profit from Dragoneer Growth Opportunities Corp. II 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 Dragoneer Growth Opportunities Corp. II 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 DGNS, 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 DGNS, twice per month. The most recent reporting period available is November, 15 2021.