NASDAQ:NBAC

Newborn Acquisition Short Interest Ratio and Short Volume

$15.52
+0.67 (+4.51 %)
(As of 03/22/2021)
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Today's Range
$14.69
Now: $15.52
$15.52
50-Day Range
$12.55
MA: $15.03
$17.68
52-Week Range
$9.70
Now: $15.52
$22.74
Volume804 shs
Average Volume351,426 shs
Market Capitalization$115.78 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A

Short Interest

Newborn Acquisition (NASDAQ:NBAC) Short Interest Data

Current Short Volume369,300 shares
Previous Short Volume336,200 shares
Change Vs. Previous Month:+9.85%
Dollar Volume Sold Short$5.33 million
Short Interest Ratio / Days to Cover0.7
Last Record DateFebruary, 26 2021
Outstanding Shares7,460,000 shares
Float Size5,750,000 shares
Short Percent of Float6.42%
Today's Trading Volume804 shares
Average Trading Volume351,426 shares
Today's Volume Vs. Average-99.77%

Short Interest Over Time


Newborn Acquisition (NASDAQ:NBAC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/26/2021369,300 shares $5.33 million +9.9%6.4%0.7 $14.44
2/12/2021336,200 shares $4.77 million -7.1%5.9%0.3 $14.18
1/29/2021361,800 shares $6.62 million -10.2%6.3%0.3 $18.31
1/15/2021402,700 shares $7.72 million No Change7.0%0.4 $19.17

Newborn Acquisition (NASDAQ:NBAC) Short Interest FAQ

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What is Newborn Acquisition's current short interest?

Short interest is the volume of Newborn Acquisition shares that have been sold short but have not yet been closed out or covered. As of February 26th, investors have sold 369,300 shares of NBAC short. 6.42% of Newborn Acquisition's shares are currently sold short. View details.

What is a good short interest ratio for Newborn Acquisition?

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. Newborn Acquisition currently has a short interest ratio of 1.0.

What is a good short interest percentage for Newborn Acquisition?

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. 6.42% of Newborn Acquisition's floating shares are currently sold short.

Is Newborn Acquisition's short interest increasing or decreasing?

Newborn Acquisition saw a increase in short interest in February. As of February 26th, there was short interest totaling 369,300 shares, an increase of 9.8% from the previous total of 336,200 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.

What is Newborn Acquisition's float size?

Newborn Acquisition currently has issued a total of 7,460,000 shares. Some of Newborn 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. Newborn Acquisition currently has a public float of 5,750,000 shares.

How does Newborn Acquisition's short interest compare to its competitors?

6.42% of Newborn 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 Newborn Acquisition: Landsea Homes Co. (5.02%), Tortoise Acquisition Corp. II (3.37%), Tuscan Holdings Corp. (6.12%), Thunder Bridge Acquisition II, Ltd. (2.81%), Burgundy Technology Acquisition Co. (1.36%), Fusion Acquisition Corp. (0.00%), Fortress Value Acquisition Corp. II (0.00%), Falcon Capital Acquisition Corp. (1.03%), D8 Holdings Corp. (0.24%), and East Resources Acquisition (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: ViacomCBS Inc. ($8.73 billion), Aon plc ($5.69 billion), Analog Devices, Inc. ($5.19 billion), Charter Communications, Inc. ($5.16 billion), GameStop Corp. ($3.76 billion), Snap Inc. ($3.35 billion), Discovery, Inc. ($3.00 billion), Airbnb, Inc. ($2.48 billion), The Kroger Co. ($2.23 billion), and Futu Holdings Limited ($2.21 billion). View all of the most shorted stocks.

What does it mean to sell short Newborn Acquisition stock?

Short selling NBAC is an investing strategy that aims to generate trading profit from Newborn Acquisition as its price is falling. Newborn Acquisition's stock is trading up $0.67 today. To short Newborn 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 Newborn 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.

How does a short squeeze work against Newborn Acquisition?

A short squeeze for Newborn 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 NBAC, which in turn drives the price of the stock up even further.

How often is Newborn Acquisition's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NBAC, twice per month. The most recent reporting period available is February, 26 2021.



This page was last updated on 4/10/2021 by MarketBeat.com Staff
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