Environmental Impact Acquisition (ENVI) Short Interest Ratio & Short Volume

Short interest is the volume of Environmental Impact Acquisition shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 44,800 shares of ENVI short. Learn More on Environmental Impact Acquisition's current short interest.

Environmental Impact Acquisition saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 44,800 shares, a drop of 5.9% from the previous total of 47,600 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.

Here is how the short interest of companies in the sector of "medical" compare to Environmental Impact Acquisition: Adverum Biotechnologies, Inc. (7.54%), Sutro Biopharma, Inc. (3.49%), Elevation Oncology, Inc. (13.03%), Compass Therapeutics, Inc. (1.88%), Coherus BioSciences, Inc. (18.97%), Poseida Therapeutics, Inc. (6.55%), X4 Pharmaceuticals, Inc. (7.30%), Fennec Pharmaceuticals Inc (8.08%), Century Therapeutics, Inc. (6.91%), Black Diamond Therapeutics, Inc. (3.40%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($8.74 billion), S&P Global Inc. ($7.90 billion), Charter Communications, Inc. ($5.88 billion), Lucid Group, Inc. ($3.75 billion), Palo Alto Networks, Inc. ($3.44 billion), Wayfair Inc. ($2.88 billion), Rivian Automotive, Inc. ($2.60 billion), Zscaler, Inc. ($1.86 billion), Match Group, Inc. ($1.79 billion), and Carnival Co. & plc ($1.72 billion). View all of the most shorted stocks.

Short selling ENVI is an investing strategy that aims to generate trading profit from Environmental Impact Acquisition 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 Environmental Impact Acquisition 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 ENVI, 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 ENVI, twice per month. The most recent reporting period available is January, 15 2022.