Evo Acquisition (EVOJU) Short Interest Ratio & Short Volume

Short interest is the volume of Evo Acquisition shares that have been sold short but have not yet been covered or closed out. As of December 31st, traders have sold 300 shares of EVOJU short. Learn More on Evo Acquisition's current short interest.

Evo Acquisition saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 300 shares, a drop of 70.0% from the previous total of 1,000 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 "finance" compare to Evo Acquisition: Bain Capital Specialty Finance, Inc. (0.19%), Banco Macro S.A. (1.52%), Burford Capital Limited (0.58%), Grupo Financiero Galicia S.A. (2.52%), Intercorp Financial Services Inc. (0.47%), Itaú Unibanco Holding S.A. (0.43%), Monroe Capital Co. (0.27%), Northeast Bank (1.10%), Pioneer Bancorp, Inc. (0.32%), and Rand Capital Co. (0.36%).

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($9.39 billion), Advanced Micro Devices, Inc. ($9.08 billion), Charter Communications, Inc. ($7.16 billion), Palo Alto Networks, Inc. ($4.05 billion), Lucid Group, Inc. ($3.43 billion), Wayfair Inc. ($3.11 billion), Rivian Automotive, Inc. ($3.05 billion), Datadog, Inc. ($2.76 billion), Zscaler, Inc. ($2.55 billion), and Etsy, Inc. ($1.99 billion). View all of the most shorted stocks.

Short selling EVOJU is an investing strategy that aims to generate trading profit from Evo 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 Evo 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 EVOJU, 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 EVOJU, twice per month. The most recent reporting period available is December, 31 2021.