OmniLit Acquisition (OLIT) Short Interest Ratio & Short Volume

Short interest is the volume of OmniLit Acquisition shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 1,300 shares of OLIT short. 0.06% of OmniLit Acquisition's shares are currently sold short. Learn More on OmniLit 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. 0.06% of OmniLit Acquisition's floating shares are currently sold short.

OmniLit Acquisition saw a decline in short interest in October. As of October 15th, there was short interest totaling 1,300 shares, a decline of 48.0% from the previous total of 2,500 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.

OmniLit Acquisition currently has issued a total of 6,140,000 shares. Some of OmniLit 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. OmniLit Acquisition currently has a public float of 2,350,000 shares.

0.06% of OmniLit Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "measuring and control equipment" compare to OmniLit Acquisition: ClearSign Technologies Co. (0.54%), MultiSensor AI Holdings, Inc. (2.74%), Data I/O Co. (0.25%), Accelerate Diagnostics, Inc. (1.91%), Bionano Genomics, Inc. (19.33%), Precipio, Inc. (1.58%), Astrotech Co. (0.14%), Trane Technologies plc (1.79%), Keysight Technologies, Inc. (1.12%), Veralto Co. (1.60%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling OLIT is an investing strategy that aims to generate trading profit from OmniLit Acquisition as its price is falling. OLIT shares are trading down $0.04 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 OmniLit 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 OLIT, 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 OLIT, twice per month. The most recent reporting period available is October, 15 2023.