Digital Transformation Opportunities (DTOC) Short Interest Ratio & Short Volume

Short interest is the volume of Digital Transformation Opportunities shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 400 shares of DTOC short. 0.02% of Digital Transformation Opportunities' shares are currently sold short. Learn More on Digital Transformation Opportunities' 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. 0.02% of Digital Transformation Opportunities' floating shares are currently sold short.

Digital Transformation Opportunities saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 400 shares, a decrease of 85.7% from the previous total of 2,800 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 Transformation Opportunities currently has issued a total of 0 shares. Some of Digital Transformation Opportunities' 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 Transformation Opportunities currently has a public float of 1,770,000 shares.

0.02% of Digital Transformation Opportunities' shares are currently sold short. Here is how the short interest of companies in the industry of "shell companies" compare to Digital Transformation Opportunities: Black Hawk Acquisition Co. (0.01%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling DTOC is an investing strategy that aims to generate trading profit from Digital Transformation Opportunities as its price is falling. DTOC 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 Transformation Opportunities 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 DTOC, 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 DTOC, twice per month. The most recent reporting period available is May, 31 2023.