FinTech Acquisition Corp. III Short Interest Ratio and Short Volume

Short interest is the volume of FinTech Acquisition Corp. III shares that have been sold short but have not yet been closed out or covered. As of September 30th, traders have sold 109,700 shares of FTAC short. 0.32% of FinTech Acquisition Corp. III's shares are currently sold short. View details.

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. 0.32% of FinTech Acquisition Corp. III's floating shares are currently sold short.

FinTech Acquisition Corp. III saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 109,700 shares, an increase of 646.3% from the previous total of 14,700 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.

FinTech Acquisition Corp. III currently has issued a total of 44,287,000 shares. Some of FinTech Acquisition Corp. III'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. FinTech Acquisition Corp. III currently has a public float of 34,600,000 shares.

0.32% of FinTech Acquisition Corp. III's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to FinTech Acquisition Corp. III: Brooge Energy Limited (0.70%), Bain Capital Specialty Finance, Inc. (0.00%), DiamondPeak Holdings Corp. (0.00%), Churchill Capital Corp II (0.01%), Gores Metropoulos, Inc. (0.92%), Landcadia Holdings II, Inc. (7.26%), Haymaker Acquisition Corp. II (0.05%), Apex Technology Acquisition Co. (0.04%), Global Cord Blood Co. (0.81%), and Juniper Industrial Holdings, Inc. (0.03%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.12 billion), Aon Plc ($3.76 billion), The Clorox Company ($3.07 billion), ViacomCBS Inc. ($2.89 billion), Analog Devices, Inc. ($2.49 billion), Moderna, Inc. ($2.37 billion), Datadog, Inc. ($2.29 billion), Uber Technologies, Inc. ($2.22 billion), The Kroger Co. ($2.20 billion), and Simon Property Group, Inc. ($1.88 billion). View all of the most shorted stocks.

Short selling FTAC is an investing strategy that aims to generate trading profit from FinTech Acquisition Corp. III as its price is falling. To short FinTech Acquisition Corp. III 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 FinTech Acquisition Corp. III 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 FinTech Acquisition Corp. III 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 FTAC, 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 FTAC, twice per month. The most recent reporting period available is September, 30 2020.