Power & Digital Infrastructure Acquisition II (XPDB) Short Interest Ratio & Short Volume

Short interest is the volume of Power & Digital Infrastructure Acquisition II shares that have been sold short but have not yet been closed out or covered. As of February 29th, investors have sold 258,000 shares of XPDB short. 2.56% of Power & Digital Infrastructure Acquisition II's shares are currently sold short. Learn More on Power & Digital Infrastructure Acquisition 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. XPDB shares currently have a short interest ratio of 3.0. Learn More on Power & Digital Infrastructure Acquisition II'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. 2.56% of Power & Digital Infrastructure Acquisition II's floating shares are currently sold short.

Power & Digital Infrastructure Acquisition II saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 258,000 shares, an increase of 18,328.6% from the previous total of 1,400 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.

Power & Digital Infrastructure Acquisition II currently has issued a total of 17,800,000 shares. Some of Power & Digital Infrastructure Acquisition II'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. Power & Digital Infrastructure Acquisition II currently has a public float of 10,080,000 shares.

2.56% of Power & Digital Infrastructure Acquisition II's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Power & Digital Infrastructure Acquisition II: Bain Capital Specialty Finance, Inc. (0.18%), Churchill Capital Corp VII (0.01%), Trinity Capital Inc. (2.79%), Ares Acquisition Co. II (0.06%), CION Investment Co. (0.06%), Nabors Energy Transition Corp. II (0.27%), enGene Holdings Inc. (1.39%), Codere Online Luxembourg, S.A. (2.31%), Rigel Resource Acquisition Corp. (0.00%), Inflection Point Acquisition Corp. II (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.39 billion), General Motors ($3.88 billion), Super Micro Computer, Inc. ($3.51 billion), Charter Communications, Inc. ($3.22 billion), Occidental Petroleum Co. ($3.13 billion), Tractor Supply ($2.76 billion), Coinbase Global, Inc. ($2.63 billion), Suncor Energy Inc. ($2.48 billion), Moderna, Inc. ($2.04 billion), and Royal Caribbean Cruises Ltd. ($1.87 billion). View all of the most shorted stocks.

Short selling XPDB is an investing strategy that aims to generate trading profit from Power & Digital Infrastructure Acquisition II as its price is falling. XPDB shares are trading up $1.02 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 Power & Digital Infrastructure Acquisition 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 XPDB, 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 XPDB, twice per month. The most recent reporting period available is February, 29 2024.