TradeUP Acquisition (UPTD) Short Interest Ratio & Short Volume

Short interest is the volume of TradeUP Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 31st, investors have sold 15,600 shares of UPTD short. 1.85% of TradeUP Acquisition's shares are currently sold short. Learn More on TradeUP 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. 1.85% of TradeUP Acquisition's floating shares are currently sold short.

TradeUP Acquisition saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,600 shares, an increase of 8.3% from the previous total of 14,400 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.

TradeUP Acquisition currently has issued a total of 2,170,000 shares. Some of TradeUP 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. TradeUP Acquisition currently has a public float of 841,300 shares.

1.85% of TradeUP Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to TradeUP Acquisition: PharmaCyte Biotech, Inc. (0.64%), Protara Therapeutics, Inc. (0.62%), Acorda Therapeutics, Inc. (0.55%), Microbot Medical Inc. (1.23%), Entera Bio Ltd. (0.12%), Senti Biosciences, Inc. (1.53%), Harpoon Therapeutics, Inc. (1.41%), Aptose Biosciences Inc. (1.78%), Freeline Therapeutics Holdings plc (2.56%), Coeptis Therapeutics Holdings, Inc. (0.31%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling UPTD is an investing strategy that aims to generate trading profit from TradeUP Acquisition as its price is falling. UPTD shares are trading down $2.65 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 TradeUP 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 UPTD, 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 UPTD, twice per month. The most recent reporting period available is August, 31 2023.