Pine Technology Acquisition (PTOC) Short Interest Ratio & Short Volume

Short interest is the volume of Pine Technology Acquisition shares that have been sold short but have not yet been closed out or covered. As of February 28th, traders have sold 2,500 shares of PTOC short. 0.01% of Pine Technology Acquisition's shares are currently sold short. Learn More on Pine Technology 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. 0.01% of Pine Technology Acquisition's floating shares are currently sold short.

Pine Technology Acquisition saw a decrease in short interest in February. As of February 28th, there was short interest totaling 2,500 shares, a decrease of 26.5% from the previous total of 3,400 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.

Pine Technology Acquisition currently has issued a total of 43,120,000 shares. Some of Pine Technology 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. Pine Technology Acquisition currently has a public float of 33,810,000 shares.

0.01% of Pine Technology Acquisition's shares are currently sold short. Here is how the short interest of companies compare to Pine Technology Acquisition: Agriculture & Natural Solutions Acquisition Co. (0.08%), Nabors Energy Transition Corp. II (0.02%), Rigel Resource Acquisition Corp. (0.00%), Planet Labs PBC (4.09%), AlTi Global, Inc. (2.36%), Inflection Point Acquisition Corp. II (0.02%), LAMF Global Ventures Corp. I (0.53%), TortoiseEcofin Acquisition Corp. III (0.32%), Patria Latin American Opportunity Acquisition Corp. (0.01%), Spring Valley Acquisition Corp. II (0.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling PTOC is an investing strategy that aims to generate trading profit from Pine Technology Acquisition as its price is falling. PTOC shares are trading up $0.03 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 Pine Technology 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 PTOC, 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 PTOC, twice per month. The most recent reporting period available is February, 28 2023.