Tuscan Holdings Corp. II (THCA) Short Interest Ratio & Short Volume

Short interest is the volume of Tuscan Holdings Corp. II shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 29,400 shares of THCA short. Learn More on Tuscan Holdings Corp. II'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. THCA shares currently have a short interest ratio of 2.0. Learn More on Tuscan Holdings Corp. II's short interest ratio.

Tuscan Holdings Corp. II saw a drop in short interest in November. As of November 15th, there was short interest totaling 29,400 shares, a drop of 18.1% from the previous total of 35,900 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.

Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Tuscan Holdings Corp. II: Inflection Point Acquisition Corp. II (0.56%), Cartesian Growth Co. II (0.01%), SK Growth Opportunities Co. (0.45%), Hennessy Capital Investment Corp. VI (0.03%), Plum Acquisition Corp. III (0.02%), Zalatoris Acquisition Corp. (0.00%), Concord Acquisition Corp II (0.00%), Direct Selling Acquisition Corp. (0.00%), Integrated Rail and Resources Acquisition Corp. (0.00%), Global Lights Acquisition Corp (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.34 billion), Occidental Petroleum Corporation ($4.15 billion), T. Rowe Price Group, Inc. ($2.41 billion), Diamondback Energy, Inc. ($2.05 billion), Coinbase Global, Inc. ($1.75 billion), Lucid Group, Inc. ($1.66 billion), Pacific Gas & Electric Co. ($1.62 billion), Rivian Automotive, Inc. ($1.62 billion), Etsy, Inc. ($1.61 billion), and Old Dominion Freight Line, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling THCA is an investing strategy that aims to generate trading profit from Tuscan Holdings Corp. II 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 Tuscan Holdings Corp. II 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 THCA, 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 THCA, twice per month. The most recent reporting period available is November, 15 2022.