BOA Acquisition (BOAS) Short Interest Ratio & Short Volume

Short interest is the volume of BOA Acquisition shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 119,700 shares of BOAS short. Learn More on BOA Acquisition'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. BOAS shares currently have a short interest ratio of 1.0. Learn More on BOA Acquisition's short interest ratio.

BOA Acquisition saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 119,700 shares, an increase of 44.6% from the previous total of 82,800 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 BOA Acquisition: Patria Latin American Opportunity Acquisition Corp. (0.01%), Pearl Holdings Acquisition Corp (0.00%), Spring Valley Acquisition Corp. II (0.12%), TortoiseEcofin Acquisition Corp. III (0.03%), Cartesian Growth Co. II (0.01%), CONX Corp. (0.41%), Investcorp Europe Acquisition Corp I (0.10%), Enphys Acquisition Corp. (0.00%), Keen Vision Acquisition Co. (0.03%), Gores Holdings IX, Inc. (0.02%),

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 BOAS is an investing strategy that aims to generate trading profit from BOA 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 BOA 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 BOAS, 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 BOAS, twice per month. The most recent reporting period available is October, 15 2022.