Northern Lights Acquisition (NLIT) Short Interest Ratio & Short Volume

Short interest is the volume of Northern Lights Acquisition shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 4,000 shares of NLIT short. 0.04% of Northern Lights Acquisition's shares are currently sold short. Learn More on Northern Lights Acquisition'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. 0.04% of Northern Lights Acquisition's floating shares are currently sold short.

Northern Lights Acquisition saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,000 shares, a decrease of 55.6% from the previous total of 9,000 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.

Northern Lights Acquisition currently has issued a total of 14,903,000 shares. Some of Northern Lights 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. Northern Lights Acquisition currently has a public float of 10,430,000 shares.

0.04% of Northern Lights Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "banking" compare to Northern Lights Acquisition: Fidelity D & D Bancorp, Inc. (0.33%), Norwood Financial Corp. (1.66%), Parke Bancorp, Inc. (0.55%), Better Home & Finance Holding (2.87%), MVB Financial Corp. (0.70%), Oak Valley Bancorp (0.38%), Hawthorn Bancshares, Inc. (0.26%), Finance of America Companies Inc. (17.22%), Chemung Financial Co. (0.41%), Middlefield Banc Corp. (0.69%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.11 billion), Canadian Natural Resources Limited ($3.64 billion), Charter Communications, Inc. ($3.15 billion), Lucid Group, Inc. ($2.09 billion), Chesapeake Energy Co. ($2.02 billion), Coinbase Global, Inc. ($2.01 billion), T. Rowe Price Group, Inc. ($1.92 billion), Plug Power Inc. ($1.77 billion), Rivian Automotive, Inc. ($1.71 billion), and Williams-Sonoma, Inc. ($1.59 billion). View all of the most shorted stocks.

Short selling NLIT is an investing strategy that aims to generate trading profit from Northern Lights Acquisition as its price is falling. NLIT shares are trading down $0.23 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 Northern Lights 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 NLIT, 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 NLIT, twice per month. The most recent reporting period available is September, 15 2022.