FTAC Olympus Acquisition Short Interest Ratio and Short Volume

-0.05 (-0.46 %)
(As of 04/9/2021 12:00 AM ET)
Today's Range
Now: $10.75
50-Day Range
MA: $11.20
52-Week Range
Now: $10.75
Volume433,231 shs
Average Volume2.93 million shs
Market Capitalization$292.08 million
P/E RatioN/A
Dividend YieldN/A

Short Interest

FTAC Olympus Acquisition (NASDAQ:FTOC) Short Interest Data

Current Short Volume1,390,000 shares
Previous Short Volume1,140,000 shares
Change Vs. Previous Month:+21.93%
Dollar Volume Sold Short$15.01 million
Short Interest Ratio / Days to Cover0.5
Last Record DateMarch, 15 2021
Outstanding Shares27,170,000 shares
Float Size75,020,000 shares
Short Percent of Float1.85%
Today's Trading Volume433,231 shares
Average Trading Volume2,927,129 shares
Today's Volume Vs. Average-85.20%

Short Interest Over Time

FTAC Olympus Acquisition (NASDAQ:FTOC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/15/20211,390,000 shares $15.01 million +21.9%1.9%0.5 $10.80
2/26/20211,140,000 shares $12.31 million +32.1%1.5%0.4 $10.80
2/12/2021862,700 shares $10.18 million +345.6%1.2%0.4 $11.80
1/29/2021193,600 shares $2.54 million +18.1%0.4%0.1 $13.13
1/15/2021164,000 shares $2.01 million No Change0.4%0.2 $12.23

FTAC Olympus Acquisition (NASDAQ:FTOC) Short Interest FAQ

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What is FTAC Olympus Acquisition's current short interest?

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 March 15th, traders have sold 1,390,000 shares of FTOC short. 1.85% of FTAC Olympus Acquisition's shares are currently sold short. View details.

What is a good short interest percentage for FTAC Olympus Acquisition?

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. 1.85% of FTAC Olympus Acquisition's floating shares are currently sold short.

Is FTAC Olympus Acquisition's short interest increasing or decreasing?

FTAC Olympus Acquisition saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,390,000 shares, an increase of 21.9% from the previous total of 1,140,000 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.

What is FTAC Olympus Acquisition's float size?

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 75,020,000 shares.

How does FTAC Olympus Acquisition's short interest compare to its competitors?

1.85% of FTAC Olympus Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to FTAC Olympus Acquisition: Jaws Acquisition Corp. (0.00%), Brooge Energy Limited (0.30%), Fisker Inc. (16.85%), Cohn Robbins Holdings Corp. (0.31%), Apollo Strategic Growth Capital (0.65%), Bain Capital Specialty Finance, Inc. (0.00%), GS Acquisition Holdings Corp II (1.52%), CONX Corp. (0.18%), Artius Acquisition Inc. (0.64%), and Reinvent Technology Partners (0.37%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($5.64 billion), Analog Devices, Inc. ($5.59 billion), Charter Communications, Inc. ($5.47 billion), ViacomCBS Inc. ($4.95 billion), Baidu, Inc. ($3.51 billion), Snap Inc. ($3.18 billion), Airbnb, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), Expedia Group, Inc. ($2.24 billion), and Bilibili Inc. ($2.06 billion). View all of the most shorted stocks.

What does it mean to sell short FTAC Olympus Acquisition stock?

Short selling FTOC is an investing strategy that aims to generate trading profit from FTAC Olympus Acquisition as its price is falling. FTAC Olympus Acquisition's stock is trading down $0.05 today. To short FTAC Olympus Acquisition 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 FTAC Olympus Acquisition 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.

How does a short squeeze work against FTAC Olympus Acquisition?

A short squeeze for FTAC Olympus 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 FTOC, which in turn drives the price of the stock up even further.

How often is FTAC Olympus Acquisition's short interest reported?

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 March, 15 2021.

This page was last updated on 4/10/2021 by Staff
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