Innovative International Acquisition (IOAC) Short Interest Ratio & Short Volume

Short interest is the volume of Innovative International Acquisition shares that have been sold short but have not yet been closed out or covered. As of December 15th, traders have sold 12,600 shares of IOAC short. 0.46% of Innovative International Acquisition's shares are currently sold short. Learn More on Innovative International Acquisition'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. IOAC shares currently have a short interest ratio of 1.0. Learn More on Innovative International Acquisition'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. 0.46% of Innovative International Acquisition's floating shares are currently sold short.

Innovative International Acquisition saw a increase in short interest in December. As of December 15th, there was short interest totaling 12,600 shares, an increase of 137.7% from the previous total of 5,300 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.

Innovative International Acquisition currently has issued a total of 10,760,000 shares. Some of Innovative International 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. Innovative International Acquisition currently has a public float of 2,740,000 shares.

0.46% of Innovative International 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 Innovative International Acquisition: two (0.00%), Finnovate Acquisition Corp. (0.01%), Thunder Bridge Capital Partners IV Inc. (0.11%), CSLM Acquisition Corp. (0.03%), PowerUp Acquisition Corp. (0.08%), Mars Acquisition Corp. (0.07%), 99 Acquisition Group Inc. (0.03%), Capitalworks Emerging Markets Acquisition Corp (0.04%), Bellevue Life Sciences Acquisition Corp. (0.08%), Trailblazer Merger Co. I (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($4.67 billion), General Motors ($4.33 billion), T-Mobile US, Inc. ($4.30 billion), Charter Communications, Inc. ($3.12 billion), Coinbase Global, Inc. ($3.12 billion), Occidental Petroleum Co. ($2.94 billion), Tractor Supply ($2.71 billion), Rivian Automotive, Inc. ($2.32 billion), United Rentals, Inc. ($2.22 billion), and Royal Caribbean Cruises Ltd. ($2.04 billion). View all of the most shorted stocks.

Short selling IOAC is an investing strategy that aims to generate trading profit from Innovative International Acquisition as its price is falling. IOAC shares are trading down $1.88 today. 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 Innovative International 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 IOAC, 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 IOAC, twice per month. The most recent reporting period available is December, 15 2023.