Black Mountain Acquisition (BMAC) Short Interest Ratio & Short Volume

Short interest is the volume of Black Mountain Acquisition shares that have been sold short but have not yet been closed out or covered. As of April 30th, investors have sold 100 shares of BMAC short. Learn More on Black Mountain Acquisition's current short interest.

Black Mountain Acquisition saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 100 shares, a decline of 98.9% from the previous total of 8,900 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.

Black Mountain Acquisition currently has issued a total of 11,843,000 shares. Some of Black Mountain 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. Black Mountain Acquisition currently has a public float of 25,340,000 shares.

Here is how the short interest of companies in the industry of "trading" compare to Black Mountain Acquisition: AlTi Global, Inc. (1.73%), Community Healthcare Trust Incorporated (2.85%), Permian Basin Royalty Trust (0.67%), Agriculture & Natural Solutions Acquisition Co. (0.00%), Farmland Partners Inc. (6.13%), Net Lease Office Properties (1.64%), Nabors Energy Transition Corp. II (0.17%), Peakstone Realty Trust (4.96%), Marblegate Acquisition Corp. (0.49%), Inflection Point Acquisition Corp. II (0.56%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.05 billion), Occidental Petroleum Co. ($3.06 billion), Moderna, Inc. ($2.37 billion), Paramount Global ($2.14 billion), T. Rowe Price Group, Inc. ($2.13 billion), Coinbase Global, Inc. ($2.00 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.77 billion), CarMax, Inc. ($1.59 billion), and Old Dominion Freight Line, Inc. ($1.56 billion). View all of the most shorted stocks.

Short selling BMAC is an investing strategy that aims to generate trading profit from Black Mountain 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 Black Mountain 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 BMAC, 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 BMAC, twice per month. The most recent reporting period available is April, 30 2023.