Lux Health Tech Acquisition Short Interest Ratio and Short Volume

Short interest is the volume of Lux Health Tech Acquisition shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 147,400 shares of LUXA short.

Lux Health Tech Acquisition saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 147,400 shares, a decline of 40.8% from the previous total of 249,000 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.

0.00% of Lux Health Tech Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "shell companies" compare to Lux Health Tech Acquisition: Ajax I (0.00%), Bridgetown Holdings Limited (0.00%), CM Life Sciences, Inc. (0.00%), Bluescape Opportunities Acquisition Corp. (0.00%), Vy Global Growth (0.66%), BowX Acquisition Corp. (1.88%), Landcadia Holdings III, Inc (3.42%), Horizon Acquisition Co. II (0.27%), TPG Pace Beneficial Finance Corp. (8.62%), and Atlas Crest Investment Corp. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling LUXA is an investing strategy that aims to generate trading profit from Lux Health Tech Acquisition as its price is falling. Lux Health Tech Acquisition's stock is trading down $0.04 today. To short Lux Health Tech Acquisition 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 Lux Health Tech Acquisition 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 Lux Health Tech 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 LUXA, 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 LUXA, twice per month. The most recent reporting period available is March, 31 2021.