Finnovate Acquisition (FNVT) Short Interest Ratio & Short Volume

Short interest is the volume of Finnovate Acquisition shares that have been sold short but have not yet been closed out or covered. As of July 15th, investors have sold 100 shares of FNVT short. Learn More on Finnovate Acquisition's current short interest.

Finnovate Acquisition currently has issued a total of 9,090,000 shares. Some of Finnovate Acquisition'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. Finnovate Acquisition currently has a public float of 2,470,000 shares.

Here is how the short interest of companies compare to Finnovate Acquisition: Everest Consolidator Acquisition Co. (0.00%), Wag! Group Co. (6.48%), Nabors Energy Transition Corp. II (0.27%), enGene Holdings Inc. (1.39%), Rigel Resource Acquisition Corp. (0.00%), Codere Online Luxembourg, S.A. (2.31%), Inflection Point Acquisition Corp. II (0.03%), TortoiseEcofin Acquisition Corp. III (0.03%), Patria Latin American Opportunity Acquisition Corp. (0.00%), Spring Valley Acquisition Corp. II (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling FNVT is an investing strategy that aims to generate trading profit from Finnovate 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 Finnovate 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 FNVT, 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 FNVT, twice per month. The most recent reporting period available is July, 15 2024.