Pono Capital Three (PTHRU) Short Interest Ratio & Short Volume

Short interest is the volume of Pono Capital Three shares that have been sold short but have not yet been covered or closed out. As of June 30th, traders have sold 300 shares of PTHRU short. Learn More on Pono Capital Three's current short interest.

Pono Capital Three saw a decline in short interest in June. As of June 30th, there was short interest totaling 300 shares, a decline of 57.1% from the previous total of 700 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.

Pono Capital Three currently has issued a total of 0 shares. Some of Pono Capital Three'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. Pono Capital Three currently has a public float of 12,040,000 shares.

Here is how the short interest of companies in the industry of "shell companies" compare to Pono Capital Three: AIB Acquisition Co. (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($3.35 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.80 billion), Coinbase Global, Inc. ($2.58 billion), Royal Caribbean Cruises Ltd. ($2.17 billion), Moderna, Inc. ($2.13 billion), T. Rowe Price Group, Inc. ($2.11 billion), Palantir Technologies Inc. ($2.03 billion), Extra Space Storage Inc. ($1.81 billion), and Verisk Analytics, Inc. ($1.63 billion). View all of the most shorted stocks.

Short selling PTHRU is an investing strategy that aims to generate trading profit from Pono Capital Three as its price is falling. PTHRU shares are trading down $0.11 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 Pono Capital Three 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 PTHRU, 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 PTHRU, twice per month. The most recent reporting period available is June, 30 2023.