Reinvent Technology Partners Y (RTPY) Short Interest Ratio & Short Volume

Short interest is the volume of Reinvent Technology Partners Y shares that have been sold short but have not yet been closed out or covered. As of October 15th, traders have sold 260,800 shares of RTPY short. 0.27% of Reinvent Technology Partners Y's shares are currently sold short. Learn More on Reinvent Technology Partners Y'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. 0.27% of Reinvent Technology Partners Y's floating shares are currently sold short.

Reinvent Technology Partners Y saw a drop in short interest in the month of October. As of October 15th, there was short interest totaling 260,800 shares, a drop of 24.1% from the previous total of 343,800 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.

Reinvent Technology Partners Y currently has issued a total of 122,188,000 shares. Some of Reinvent Technology Partners Y'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. Reinvent Technology Partners Y currently has a public float of 97,110,000 shares.

0.27% of Reinvent Technology Partners Y's shares are currently sold short. Here is how the short interest of companies compare to Reinvent Technology Partners Y: Canna-Global Acquisition Corp (0.02%), Kubient, Inc. (0.01%), Science Applications International Co. (4.86%), PagSeguro Digital Ltd. (6.84%), Concentrix Corporation (15.81%), ABM Industries Incorporated (3.22%), Sezzle Inc. (17.68%), Marqeta, Inc. (4.09%), First Advantage Co. (13.86%), Geo Group Inc (The) (7.86%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($7.75 billion), S&P Global Inc. ($7.73 billion), Charter Communications, Inc. ($5.40 billion), Snowflake Inc. ($4.50 billion), Canadian Pacific Kansas City Limited ($4.39 billion), Uber Technologies, Inc. ($4.21 billion), Wayfair Inc. ($4.15 billion), Palo Alto Networks, Inc. ($3.27 billion), Teladoc Health, Inc. ($2.78 billion), and DoorDash, Inc. ($2.62 billion). View all of the most shorted stocks.

Short selling RTPY is an investing strategy that aims to generate trading profit from Reinvent Technology Partners Y as its price is falling. RTPY shares are trading down $0.17 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 Reinvent Technology Partners Y 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 RTPY, 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 RTPY, twice per month. The most recent reporting period available is October, 15 2021.