RMG Acquisition Corp. III (RMGC) Short Interest Ratio & Short Volume

Short interest is the volume of RMG Acquisition Corp. III shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 1,800 shares of RMGC short. 0.31% of RMG Acquisition Corp. III's shares are currently sold short. Learn More on RMG Acquisition Corp. III's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. RMGC shares currently have a short interest ratio of 1.0. Learn More on RMG Acquisition Corp. III's short interest ratio.

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. 0.31% of RMG Acquisition Corp. III's floating shares are currently sold short.

RMG Acquisition Corp. III saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 1,800 shares, a decrease of 28.0% 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.

RMG Acquisition Corp. III currently has issued a total of 12,710,000 shares. Some of RMG Acquisition Corp. III'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. RMG Acquisition Corp. III currently has a public float of 585,700 shares.

0.31% of RMG Acquisition Corp. III's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to RMG Acquisition Corp. III: Tingo Group, Inc. (11.78%), PaySign, Inc. (2.87%), SKYX Platforms Corp. (6.09%), Quest Resource Holding Co. (0.29%), OneConnect Financial Technology Co., Ltd. (0.21%), BYTE Acquisition Corp. (0.04%), WM Technology, Inc. (2.23%), Direct Digital Holdings, Inc. (0.18%), M3-Brigade Acquisition II Corp. (0.03%), Byrna Technologies Inc. (3.58%),

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($9.07 billion), T-Mobile US, Inc. ($3.71 billion), Charter Communications, Inc. ($3.51 billion), Occidental Petroleum Co. ($2.81 billion), Lululemon Athletica Inc. ($2.35 billion), Tractor Supply ($2.26 billion), Coinbase Global, Inc. ($1.88 billion), Rivian Automotive, Inc. ($1.71 billion), Celsius Holdings, Inc. ($1.67 billion), and Newmont Co. ($1.66 billion). View all of the most shorted stocks.

Short selling RMGC is an investing strategy that aims to generate trading profit from RMG Acquisition Corp. III as its price is falling. RMGC shares are trading down $0.07 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 RMG Acquisition Corp. III 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 RMGC, 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 RMGC, twice per month. The most recent reporting period available is October, 31 2023.