Genesis Growth Tech Acquisition (GGAA) Short Interest Ratio & Short Volume

Short interest is the volume of Genesis Growth Tech Acquisition shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 1,800 shares of GGAA short. 0.01% of Genesis Growth Tech Acquisition's shares are currently sold short. Learn More on Genesis Growth Tech 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. 0.01% of Genesis Growth Tech Acquisition's floating shares are currently sold short.

Genesis Growth Tech Acquisition saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,800 shares, a decrease of 10.0% from the previous total of 2,000 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.

Genesis Growth Tech Acquisition currently has issued a total of 6,426,000 shares. Some of Genesis Growth Tech 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. Genesis Growth Tech Acquisition currently has a public float of 25,300,000 shares.

0.01% of Genesis Growth Tech 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 Genesis Growth Tech Acquisition: Twelve Seas Investment Company II (0.03%), Alpha Star Acquisition Co. (0.01%), Captivision Inc. (0.56%), Integrated Rail and Resources Acquisition Corp. (0.02%), Valuence Merger Corp. I (0.02%), TLGY Acquisition Co. (0.03%), Zalatoris II Acquisition Corp. (0.01%), Alchemy Investments Acquisition Corp 1 (0.02%), Blockchain Coinvestors Acquisition Corp. I (0.02%), Atlantic Coastal Acquisition Corp. (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling GGAA is an investing strategy that aims to generate trading profit from Genesis Growth Tech 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 Genesis Growth Tech 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 GGAA, 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 GGAA, twice per month. The most recent reporting period available is June, 30 2023.