OceanTech Acquisitions I (OTEC) Short Interest Ratio & Short Volume

Short interest is the volume of OceanTech Acquisitions I shares that have been sold short but have not yet been closed out or covered. As of June 15th, traders have sold 100 shares of OTEC short. 0.01% of OceanTech Acquisitions I's shares are currently sold short. Learn More on OceanTech Acquisitions I'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. 0.01% of OceanTech Acquisitions I's floating shares are currently sold short.

OceanTech Acquisitions I saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 100 shares, a decline of 99.4% from the previous total of 18,100 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.

OceanTech Acquisitions I currently has issued a total of 3,497,000 shares. Some of OceanTech Acquisitions I'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. OceanTech Acquisitions I currently has a public float of 899,800 shares.

0.01% of OceanTech Acquisitions I's shares are currently sold short. Here is how the short interest of companies in the industry of "shell companies" compare to OceanTech Acquisitions I: Black Hawk Acquisition Co. (0.01%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.80 billion), Canadian Natural Resources Limited ($3.69 billion), Charter Communications, Inc. ($2.95 billion), Occidental Petroleum Co. ($2.78 billion), Moderna, Inc. ($2.38 billion), Palantir Technologies Inc. ($2.29 billion), T. Rowe Price Group, Inc. ($2.19 billion), Coinbase Global, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($2.02 billion), and Verisk Analytics, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling OTEC is an investing strategy that aims to generate trading profit from OceanTech Acquisitions I 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 OceanTech Acquisitions I 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 OTEC, 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 OTEC, twice per month. The most recent reporting period available is June, 15 2023.