Black Spade Acquisition (BSAQ) Short Interest Ratio & Short Volume

Short interest is the volume of Black Spade Acquisition shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 39,900 shares of BSAQ short. 0.24% of Black Spade Acquisition's shares are currently sold short. Learn More on Black Spade 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. 0.24% of Black Spade Acquisition's floating shares are currently sold short.

Black Spade Acquisition saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 39,900 shares, an increase of 15.0% from the previous total of 34,700 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 Spade Acquisition currently has issued a total of 21,130,000 shares. Some of Black Spade 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 Spade Acquisition currently has a public float of 16,900,000 shares.

0.24% of Black Spade Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Black Spade Acquisition: CONX Corp. (0.41%), HCM Acquisition Corp (0.06%), Enphys Acquisition Corp. (0.00%), Keen Vision Acquisition Co. (0.03%), Gores Holdings IX, Inc. (0.02%), Cartesian Growth Co. II (0.01%), SDCL EDGE Acquisition Co. (0.03%), Mountain & Co. I Acquisition Corp. (0.00%), Spring Valley Acquisition Corp. II (0.12%), Sizzle Acquisition Corp. (1.55%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.34 billion), Occidental Petroleum Co. ($2.88 billion), Coinbase Global, Inc. ($2.50 billion), Rivian Automotive, Inc. ($2.47 billion), Palantir Technologies Inc. ($2.37 billion), Royal Caribbean Cruises Ltd. ($2.33 billion), T. Rowe Price Group, Inc. ($2.29 billion), Tractor Supply ($1.59 billion), Upstart Holdings, Inc. ($1.58 billion), and Enphase Energy, Inc. ($1.52 billion). View all of the most shorted stocks.

Short selling BSAQ is an investing strategy that aims to generate trading profit from Black Spade Acquisition as its price is falling. BSAQ shares are trading down $4.37 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 Black Spade 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 BSAQ, 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 BSAQ, twice per month. The most recent reporting period available is July, 31 2023.