Macondray Capital Acquisition Corp. I (DRAYW) Short Interest Ratio & Short Volume

Short interest is the volume of Macondray Capital Acquisition Corp. I shares that have been sold short but have not yet been closed out or covered. As of August 15th, traders have sold 2,000 shares of DRAYW short. Learn More on Macondray Capital Acquisition Corp. I's current short interest.

Macondray Capital Acquisition Corp. I saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,000 shares, a decrease of 20.0% from the previous total of 2,500 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.

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.13 billion), Charter Communications, Inc. ($3.94 billion), Coinbase Global, Inc. ($2.38 billion), Lucid Group, Inc. ($2.30 billion), T. Rowe Price Group, Inc. ($2.22 billion), Williams-Sonoma, Inc. ($2.02 billion), Plug Power Inc. ($1.94 billion), Chesapeake Energy Co. ($1.91 billion), Unity Software Inc. ($1.82 billion), and Rivian Automotive, Inc. ($1.74 billion). View all of the most shorted stocks.

Short selling DRAYW is an investing strategy that aims to generate trading profit from Macondray Capital Acquisition Corp. I as its price is falling. DRAYW shares are trading down $0.00 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 Macondray Capital Acquisition Corp. I 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 DRAYW, 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 DRAYW, twice per month. The most recent reporting period available is August, 15 2022.