FTAC Olympus Acquisition (FTOC) Short Interest Ratio & Short Volume

Short interest is the volume of FTAC Olympus Acquisition shares that have been sold short but have not yet been closed out or covered. As of June 15th, investors have sold 537,200 shares of FTOC short. 0.72% of FTAC Olympus Acquisition's shares are currently sold short. Learn More on FTAC Olympus Acquisition's current short interest.

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. 0.72% of FTAC Olympus Acquisition's floating shares are currently sold short.

FTAC Olympus Acquisition saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 537,200 shares, an increase of 28.1% from the previous total of 419,500 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.

FTAC Olympus Acquisition currently has issued a total of 27,170,000 shares. Some of FTAC Olympus 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. FTAC Olympus Acquisition currently has a public float of 75,100,000 shares.

0.72% of FTAC Olympus Acquisition's shares are currently sold short. Here is how the short interest of companies compare to FTAC Olympus Acquisition: Kayne Anderson BDC, Inc. (0.24%), Bain Capital Specialty Finance, Inc. (0.37%), Trinity Capital Inc. (2.02%), Ares Acquisition Co. II (0.10%), CION Investment Co. (1.18%), Nabors Energy Transition Corp. II (0.06%), Marblegate Acquisition Corp. (0.49%), Sound Point Meridian Capital, Inc. (0.04%), Inflection Point Acquisition Corp. II (0.56%), Codere Online Luxembourg, S.A. (2.20%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AstraZeneca PLC ($7.95 billion), Tesla, Inc. ($7.86 billion), Block, Inc. ($7.16 billion), Aon plc ($7.04 billion), Advanced Micro Devices, Inc. ($6.99 billion), Analog Devices, Inc. ($6.83 billion), S&P Global Inc. ($6.30 billion), Charter Communications, Inc. ($5.98 billion), AMC Entertainment Holdings, Inc. ($5.02 billion), and Wayfair Inc. ($4.68 billion). View all of the most shorted stocks.

Short selling FTOC is an investing strategy that aims to generate trading profit from FTAC Olympus 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 FTAC Olympus 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 FTOC, 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 FTOC, twice per month. The most recent reporting period available is June, 15 2021.