Social Capital Suvretta Holdings Corp. III (DNAC) Short Interest Ratio & Short Volume

Short interest is the volume of Social Capital Suvretta Holdings Corp. III shares that have been sold short but have not yet been covered or closed out. As of June 15th, investors have sold 721,400 shares of DNAC short. 2.89% of Social Capital Suvretta Holdings Corp. III's shares are currently sold short. Learn More on Social Capital Suvretta Holdings Corp. III'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. DNAC shares currently have a short interest ratio of 8.0. Learn More on Social Capital Suvretta Holdings Corp. III'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. 2.89% of Social Capital Suvretta Holdings Corp. III's floating shares are currently sold short.

Social Capital Suvretta Holdings Corp. III saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 721,400 shares, an increase of 16.8% from the previous total of 617,700 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.

Social Capital Suvretta Holdings Corp. III currently has issued a total of 25,640,000 shares. Some of Social Capital Suvretta Holdings Corp. III'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. Social Capital Suvretta Holdings Corp. III currently has a public float of 25,000,000 shares.

2.89% of Social Capital Suvretta Holdings Corp. III's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Social Capital Suvretta Holdings Corp. III: Prime Medicine, Inc. (39.00%), Inhibikase Therapeutics, Inc. (4.93%), Protalix BioTherapeutics, Inc. (4.74%), Achilles Therapeutics plc (1.26%), ZIVO Bioscience, Inc. (1.77%), bluebird bio, Inc. (2.91%), Calidi Biotherapeutics, Inc. (3.78%), Cyclo Therapeutics, Inc. (3.55%), Finch Therapeutics Group, Inc. (0.01%), NKGen Biotech, Inc. (1.16%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.58 billion), Occidental Petroleum Corporation ($3.23 billion), Lucid Group, Inc. ($2.31 billion), Coinbase Global, Inc. ($1.73 billion), Snowflake Inc. ($1.71 billion), Chesapeake Energy Co. ($1.66 billion), Rivian Automotive, Inc. ($1.63 billion), Williams-Sonoma, Inc. ($1.51 billion), Lumen Technologies, Inc. ($1.40 billion), and Diamondback Energy, Inc. ($1.37 billion). View all of the most shorted stocks.

Short selling DNAC is an investing strategy that aims to generate trading profit from Social Capital Suvretta Holdings Corp. III as its price is falling. DNAC shares are trading down $0.72 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 Social Capital Suvretta Holdings Corp. III 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 DNAC, 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 DNAC, twice per month. The most recent reporting period available is June, 15 2022.