Banyan Acquisition (BYN) Short Interest Ratio & Short Volume

Short interest is the volume of Banyan Acquisition shares that have been sold short but have not yet been covered or closed out. As of December 15th, investors have sold 13,500 shares of BYN short. 0.23% of Banyan Acquisition's shares are currently sold short. Learn More on Banyan 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. 0.23% of Banyan Acquisition's floating shares are currently sold short.

Banyan Acquisition saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 13,500 shares, an increase of 75.3% from the previous total of 7,700 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.

Banyan Acquisition currently has issued a total of 11,244,000 shares. Some of Banyan 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. Banyan Acquisition currently has a public float of 6,000,000 shares.

0.23% of Banyan 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 Banyan Acquisition: Beneficient (3.22%), Blue Owl Capital Co. III (0.22%), Morgan Stanley Direct Lending (0.20%), Kayne Anderson BDC, Inc. (0.30%), Bain Capital Specialty Finance, Inc. (0.49%), Trinity Capital Inc. (1.80%), Ares Acquisition Co. II (1.27%), CION Investment Co. (1.08%), Nabors Energy Transition Corp. II (0.17%), Marblegate Acquisition Corp. (0.49%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($4.67 billion), General Motors ($4.33 billion), T-Mobile US, Inc. ($4.30 billion), Charter Communications, Inc. ($3.12 billion), Coinbase Global, Inc. ($3.12 billion), Occidental Petroleum Co. ($2.94 billion), Tractor Supply ($2.71 billion), Rivian Automotive, Inc. ($2.32 billion), United Rentals, Inc. ($2.22 billion), and Royal Caribbean Cruises Ltd. ($2.04 billion). View all of the most shorted stocks.

Short selling BYN is an investing strategy that aims to generate trading profit from Banyan 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 Banyan 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 BYN, 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 BYN, twice per month. The most recent reporting period available is December, 15 2023.