Tekkorp Digital Acquisition (TEKK) Short Interest Ratio & Short Volume

Short interest is the volume of Tekkorp Digital Acquisition shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 10,200 shares of TEKK short. 0.04% of Tekkorp Digital Acquisition's shares are currently sold short. Learn More on Tekkorp Digital 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. 0.04% of Tekkorp Digital Acquisition's floating shares are currently sold short.

Tekkorp Digital Acquisition saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 10,200 shares, a drop of 94.0% from the previous total of 171,100 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.

Tekkorp Digital Acquisition currently has issued a total of 32,188,000 shares. Some of Tekkorp Digital 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. Tekkorp Digital Acquisition currently has a public float of 23,950,000 shares.

0.04% of Tekkorp Digital Acquisition's shares are currently sold short. Here is how the short interest of companies compare to Tekkorp Digital Acquisition: Inflection Point Acquisition Corp. II (0.02%), Ouster, Inc. (24.52%), Rigel Resource Acquisition Corp. (0.00%), TortoiseEcofin Acquisition Corp. III (0.03%), Pearl Holdings Acquisition Corp (0.00%), Patria Latin American Opportunity Acquisition Corp. (0.01%), Nabors Energy Transition Corp. II (0.02%), Spring Valley Acquisition Corp. II (0.12%), Cartesian Growth Co. II (0.01%), Investcorp Europe Acquisition Corp I (0.10%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.48 billion), Charter Communications, Inc. ($2.85 billion), Twitter, Inc. ($1.89 billion), T. Rowe Price Group, Inc. ($1.78 billion), Coinbase Global, Inc. ($1.77 billion), PG&E Co. ($1.75 billion), Lucid Group, Inc. ($1.58 billion), Rivian Automotive, Inc. ($1.42 billion), Roblox Co. ($1.39 billion), and Williams-Sonoma, Inc. ($1.33 billion). View all of the most shorted stocks.

Short selling TEKK is an investing strategy that aims to generate trading profit from Tekkorp Digital Acquisition 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 Tekkorp Digital Acquisition 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 TEKK, 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 TEKK, twice per month. The most recent reporting period available is October, 15 2022.