Logistics Innovation Technologies (LITT) Short Interest Ratio & Short Volume

Short interest is the volume of Logistics Innovation Technologies shares that have been sold short but have not yet been covered or closed out. As of May 31st, traders have sold 3,500 shares of LITT short. 0.01% of Logistics Innovation Technologies' shares are currently sold short. Learn More on Logistics Innovation Technologies' 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 Logistics Innovation Technologies' floating shares are currently sold short.

Logistics Innovation Technologies saw a increase in short interest in May. As of May 31st, there was short interest totaling 3,500 shares, an increase of 45.8% from the previous total of 2,400 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.

Logistics Innovation Technologies currently has issued a total of 42,610,000 shares. Some of Logistics Innovation Technologies' 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. Logistics Innovation Technologies currently has a public float of 30,840,000 shares.

0.01% of Logistics Innovation Technologies' shares are currently sold short. Here is how the short interest of companies in the sector of "transportation" compare to Logistics Innovation Technologies: P.A.M. Transportation Services, Inc. (0.27%), Eagle Bulk Shipping Inc. (11.37%), Hawaiian Holdings, Inc. (10.66%), Shengfeng Development Limited (2.90%), Despegar.com, Corp. (0.71%), SEACOR Marine Holdings Inc. (1.74%), Diana Shipping Inc. (1.83%), Green Plains Partners LP (1.61%), Safe Bulkers, Inc. (3.09%), Teekay Co. (1.50%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling LITT is an investing strategy that aims to generate trading profit from Logistics Innovation Technologies 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 Logistics Innovation Technologies 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 LITT, 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 LITT, twice per month. The most recent reporting period available is May, 31 2023.