Ignyte Acquisition (IGNY) Short Interest Ratio & Short Volume

Short interest is the volume of Ignyte Acquisition shares that have been sold short but have not yet been closed out or covered. As of February 28th, investors have sold 100 shares of IGNY short. Learn More on Ignyte Acquisition's current short interest.

Ignyte Acquisition currently has issued a total of 7,280,000 shares. Some of Ignyte 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. Ignyte Acquisition currently has a public float of 4,980,000 shares.

Here is how the short interest of companies in the sector of "medical" compare to Ignyte Acquisition: Bruush Oral Care Inc. (77.14%), Acorda Therapeutics, Inc. (0.66%), Scinai Immunotherapeutics Ltd. (1.20%), TC Biopharm (Holdings) Plc (34.94%), Windtree Therapeutics, Inc. (0.90%), Gamida Cell Ltd. (7.11%), Avalon GloboCare Corp. (2.84%), TRACON Pharmaceuticals, Inc. (1.16%), Finch Therapeutics Group, Inc. (1.96%), Palisade Bio, Inc. (4.12%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($5.96 billion), Palo Alto Networks, Inc. ($4.37 billion), Lucid Group, Inc. ($2.87 billion), Moderna, Inc. ($2.70 billion), Rivian Automotive, Inc. ($2.31 billion), Wayfair Inc. ($2.29 billion), Snap Inc. ($2.23 billion), Datadog, Inc. ($2.21 billion), Live Nation Entertainment, Inc. ($1.96 billion), and Zoom Video Communications, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling IGNY is an investing strategy that aims to generate trading profit from Ignyte 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 Ignyte 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 IGNY, 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 IGNY, twice per month. The most recent reporting period available is February, 28 2022.