FinTech Acquisition Corp. VI - FTVI Short Interest Ratio & Short Volume

Short interest is the volume of FinTech Acquisition Corp. VI shares that have been sold short but have not yet been closed out or covered. As of December 15th, investors have sold 553,000 shares of FTVI short. 2.40% of FinTech Acquisition Corp. VI's shares are currently sold short. Learn More on FinTech Acquisition Corp. VI'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. FTVI shares currently have a short interest ratio of 5.0. Learn More on FinTech Acquisition Corp. VI's short interest ratio.

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. 2.40% of FinTech Acquisition Corp. VI's floating shares are currently sold short.

FinTech Acquisition Corp. VI saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 553,000 shares, an increase of 159.5% from the previous total of 213,100 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. VI currently has issued a total of 34,253,000 shares. Some of FinTech Acquisition Corp. VI'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. VI currently has a public float of 23,010,000 shares.

2.40% of FinTech Acquisition Corp. VI'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. VI: MDH Acquisition Corp. (1.19%), Berenson Acquisition Corp. I (0.01%), Kairos Acquisition Corp. (3.75%), Onyx Acquisition Co. I (0.03%), Pivotal Investment Co. III (0.06%), FinTech Evolution Acquisition Group (0.10%), FTAC Emerald Acquisition Corp. (0.18%), HCM Acquisition Corp (0.13%), Levere Holdings Corp. (0.05%), and bleuacacia ltd (0.10%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), PG&E Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling FTVI is an investing strategy that aims to generate trading profit from FinTech Acquisition Corp. VI 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 FinTech Acquisition Corp. VI 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 FTVI, 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 FTVI, twice per month. The most recent reporting period available is December, 15 2022.