Lazard Growth Acquisition Corp. I Short Interest Ratio and Short Volume

Short interest is the volume of Lazard Growth Acquisition Corp. I shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 19,300 shares of LGAC short. 0.03% of Lazard Growth Acquisition Corp. I's shares are currently sold short. Learn More on Lazard Growth Acquisition Corp. I'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. 0.03% of Lazard Growth Acquisition Corp. I's floating shares are currently sold short.

Lazard Growth Acquisition Corp. I saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 19,300 shares, a decrease of 89.9% from the previous total of 190,700 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.

Lazard Growth Acquisition Corp. I currently has issued a total of 71,875,000 shares. Some of Lazard Growth Acquisition Corp. I'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. Lazard Growth Acquisition Corp. I currently has a public float of 56,950,000 shares.

0.03% of Lazard Growth Acquisition Corp. I's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Lazard Growth Acquisition Corp. I: The Lion Electric Company (11.10%), Ube Industries, Ltd. (0.00%), Austerlitz Acquisition Co. II (0.09%), Churchill Capital Corp VII (0.02%), Social Capital Hedosophia Holdings Corp. VI (0.44%), Paya Holdings Inc. (10.62%), Ares Acquisition Co. (0.10%), FTAC Hera Acquisition Corp. (0.05%), Compute Health Acquisition Corp. (0.08%), and Cohn Robbins Holdings Corp. (0.39%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Square, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Video Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 billion). View all of the most shorted stocks.

Short selling LGAC is an investing strategy that aims to generate trading profit from Lazard Growth Acquisition Corp. I as its price is falling. To short Lazard Growth Acquisition Corp. I 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 Lazard Growth Acquisition Corp. I 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 Lazard Growth Acquisition Corp. I 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 LGAC, 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 LGAC, twice per month. The most recent reporting period available is August, 31 2021.