Digital Health Acquisition (DHAC) Short Interest Ratio & Short Volume

Short interest is the volume of Digital Health Acquisition shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 4,400 shares of DHAC short. 0.63% of Digital Health Acquisition's shares are currently sold short. Learn More on Digital Health 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. DHAC shares currently have a short interest ratio of 1.0. Learn More on Digital Health 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. 0.63% of Digital Health Acquisition's floating shares are currently sold short.

Digital Health Acquisition saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,400 shares, a decline of 4.3% from the previous total of 4,600 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.

Digital Health Acquisition currently has issued a total of 3,600,000 shares. Some of Digital Health 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. Digital Health Acquisition currently has a public float of 697,800 shares.

0.63% of Digital Health Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "unclassified" compare to Digital Health Acquisition: Kairous Acquisition Corp. Limited (0.16%), Moringa Acquisition Corp (0.14%), ESGEN Acquisition Co. (1.81%), Yotta Acquisition Co. (0.02%), Integral Acquisition Co. 1 (0.05%), Cetus Capital Acquisition Corp. (0.01%), Qomolangma Acquisition Corp. (0.03%), WinVest Acquisition Corp. (0.02%), Nova Vision Acquisition Co. (0.04%), Arogo Capital Acquisition Corp. (1.70%),

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 DHAC is an investing strategy that aims to generate trading profit from Digital Health Acquisition as its price is falling. DHAC shares are trading down $0.15 today. 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 Digital Health 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 DHAC, 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 DHAC, twice per month. The most recent reporting period available is March, 31 2024.