Nova Vision Acquisition (NOVV) Short Interest Ratio & Short Volume

Short interest is the volume of Nova Vision Acquisition shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 1,000 shares of NOVV short. 0.07% of Nova Vision Acquisition's shares are currently sold short. Learn More on Nova Vision 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. 0.07% of Nova Vision Acquisition's floating shares are currently sold short.

Nova Vision Acquisition saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,000 shares, a decline of 83.6% from the previous total of 6,100 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.

Nova Vision Acquisition currently has issued a total of 1,980,000 shares. Some of Nova Vision 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. Nova Vision Acquisition currently has a public float of 1,440,000 shares.

0.07% of Nova Vision Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "trading" compare to Nova Vision Acquisition: San Juan Basin Royalty Trust (2.05%), Bioceres Crop Solutions Corp. (1.92%), Cartesian Growth Co. II (0.01%), NexPoint Real Estate Finance, Inc. (2.80%), City Office REIT, Inc. (1.01%), Silvercrest Asset Management Group Inc. (1.05%), Brooge Energy Limited (2.91%), Ellington Credit Company (0.78%), Keen Vision Acquisition Corporation (0.03%), Forge Global Holdings, Inc. (5.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Corporation ($3.10 billion), General Motors Company ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Corporation ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply Company ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling NOVV is an investing strategy that aims to generate trading profit from Nova Vision Acquisition 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 Nova Vision 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 NOVV, 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 NOVV, twice per month. The most recent reporting period available is May, 15 2024.