Finnovate Acquisition (FNVTW) Short Interest Ratio & Short Volume

Short interest is the volume of Finnovate Acquisition shares that have been sold short but have not yet been covered or closed out. As of December 30th, investors have sold 4,700 shares of FNVTW short. Learn More on Finnovate Acquisition's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. FNVTW shares currently have a short interest ratio of 1.0. Learn More on Finnovate Acquisition's short interest ratio.

Here is how the short interest of companies in the industry of "shell companies" compare to Finnovate Acquisition: AIB Acquisition Co. (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.31 billion), T. Rowe Price Group, Inc. ($2.13 billion), TC Energy Co. ($2.13 billion), Paramount Global ($1.50 billion), Coinbase Global, Inc. ($1.48 billion), Etsy, Inc. ($1.48 billion), PG&E Co. ($1.47 billion), Old Dominion Freight Line, Inc. ($1.46 billion), United Rentals, Inc. ($1.35 billion), and Voya Financial, Inc. ($1.32 billion). View all of the most shorted stocks.

Short selling FNVTW 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 increases in price. This forces short sellers to cover their short interest positions by buying actual shares of FNVTW, 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 FNVTW, twice per month. The most recent reporting period available is December, 30 2022.