Cascade Acquisition (CAS) Short Interest Ratio & Short Volume

Short interest is the volume of Cascade Acquisition shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 13,400 shares of CAS short. 0.06% of Cascade Acquisition's shares are currently sold short. Learn More on Cascade 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. 0.06% of Cascade Acquisition's floating shares are currently sold short.

Cascade Acquisition saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,400 shares, an increase of 109.4% from the previous total of 6,400 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.

Cascade Acquisition currently has issued a total of 23,000,000 shares. Some of Cascade 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. Cascade Acquisition currently has a public float of 22,700,000 shares.

0.06% of Cascade Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Cascade Acquisition: CION Investment Co. (0.26%), Trinity Capital Inc. (2.15%), Southern First Bancshares, Inc. (1.53%), NexPoint Real Estate Finance, Inc. (0.76%), Waterstone Financial, Inc. (1.06%), BayCom Corp (0.54%), Central Valley Community Bancorp (1.59%), Sprott Focus Trust, Inc. (0.02%), GoHealth, Inc. (2.85%), The First of Long Island Co. (0.68%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.79 billion), Palo Alto Networks, Inc. ($3.41 billion), Lucid Group, Inc. ($2.55 billion), Uber Technologies, Inc. ($2.21 billion), HP Inc. ($2.14 billion), T. Rowe Price Group, Inc. ($1.81 billion), Coinbase Global, Inc. ($1.60 billion), Take-Two Interactive Software, Inc. ($1.58 billion), Lumen Technologies, Inc. ($1.56 billion), and Rivian Automotive, Inc. ($1.55 billion). View all of the most shorted stocks.

Short selling CAS is an investing strategy that aims to generate trading profit from Cascade 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 Cascade 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 CAS, 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 CAS, twice per month. The most recent reporting period available is May, 15 2022.