Minority Equality Opportunities Acquisition (MEOA) Short Interest Ratio & Short Volume

Short interest is the volume of Minority Equality Opportunities Acquisition shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 87,400 shares of MEOA short. 7.80% of Minority Equality Opportunities Acquisition's shares are currently sold short. Learn More on Minority Equality Opportunities 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. MEOA shares currently have a short interest ratio of 4.0. Learn More on Minority Equality Opportunities 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. 7.80% of Minority Equality Opportunities Acquisition's floating shares are currently sold short.

Minority Equality Opportunities Acquisition saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 87,400 shares, an increase of 402.3% from the previous total of 17,400 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.

Minority Equality Opportunities Acquisition currently has issued a total of 4,280,000 shares. Some of Minority Equality Opportunities 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. Minority Equality Opportunities Acquisition currently has a public float of 1,120,000 shares.

7.80% of Minority Equality Opportunities Acquisition's shares are currently sold short. Here is how the short interest of companies compare to Minority Equality Opportunities Acquisition: RMG Acquisition Corp. III (0.32%), Wag! Group Co. (0.04%), Nocturne Acquisition Co. (0.04%), Dragonfly Energy Holdings Corp. (16.55%), PHP Ventures Acquisition Corp. (0.85%), BNY Mellon High Yield Strategies Fund (0.14%), MFS Special Value Trust (3.44%), Western Asset Emerging Markets Debt Fund Inc. (0.07%), CapStar Financial Holdings, Inc. (1.69%), AIB Acquisition Co. (0.05%),

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 MEOA is an investing strategy that aims to generate trading profit from Minority Equality Opportunities Acquisition as its price is falling. MEOA shares are trading up $15.49 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 Minority Equality Opportunities 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 MEOA, 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 MEOA, twice per month. The most recent reporting period available is May, 31 2023.