Gores Technology Partners II (GTPB) Short Interest Ratio & Short Volume

Short interest is the volume of Gores Technology Partners II shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 22,600 shares of GTPB short. 0.05% of Gores Technology Partners II's shares are currently sold short. Learn More on Gores Technology Partners II'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. 0.05% of Gores Technology Partners II's floating shares are currently sold short.

Gores Technology Partners II saw a decrease in short interest during the month of November. As of November 30th, there was short interest totaling 22,600 shares, a decrease of 10.0% from the previous total of 25,100 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.

Gores Technology Partners II currently has issued a total of 57,500,000 shares. Some of Gores Technology Partners II'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. Gores Technology Partners II currently has a public float of 45,710,000 shares.

0.05% of Gores Technology Partners II's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Gores Technology Partners II: Blue Owl Capital Co. III (0.22%), Inflection Point Acquisition Corp. II (0.56%), Cartesian Growth Co. II (0.01%), SK Growth Opportunities Co. (0.45%), Hennessy Capital Investment Corp. VI (0.03%), Plum Acquisition Corp. III (0.02%), Zalatoris Acquisition Corp. (0.00%), Concord Acquisition Corp II (0.00%), Direct Selling Acquisition Corp. (0.00%), Integrated Rail and Resources Acquisition Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Corporation ($3.93 billion), Suncor Energy Inc. ($3.50 billion), T. Rowe Price Group, Inc. ($2.29 billion), Pacific Gas & Electric Co. ($1.73 billion), Coinbase Global, Inc. ($1.71 billion), Etsy, Inc. ($1.65 billion), Paramount Global ($1.54 billion), Lucid Group, Inc. ($1.50 billion), Old Dominion Freight Line, Inc. ($1.46 billion), and DICK'S Sporting Goods, Inc. ($1.41 billion). View all of the most shorted stocks.

Short selling GTPB is an investing strategy that aims to generate trading profit from Gores Technology Partners II 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 Gores Technology Partners II 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 GTPB, 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 GTPB, twice per month. The most recent reporting period available is November, 30 2022.