Concord Acquisition Corp II (CNDA) Short Interest Ratio & Short Volume

Short interest is the volume of Concord Acquisition Corp II shares that have been sold short but have not yet been covered or closed out. As of April 15th, investors have sold 31,100 shares of CNDA short. 0.21% of Concord Acquisition Corp II's shares are currently sold short. Learn More on Concord Acquisition Corp II'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. CNDA shares currently have a short interest ratio of 1.0. Learn More on Concord Acquisition Corp II's short interest ratio.

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. 0.21% of Concord Acquisition Corp II's floating shares are currently sold short.

Concord Acquisition Corp II saw a decrease in short interest in April. As of April 15th, there was short interest totaling 31,100 shares, a decrease of 17.5% from the previous total of 37,700 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.

Concord Acquisition Corp II currently has issued a total of 0 shares. Some of Concord Acquisition Corp II'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. Concord Acquisition Corp II currently has a public float of 14,700,000 shares.

0.21% of Concord Acquisition Corp II's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Concord Acquisition Corp II: LAMF Global Ventures Corp. I (0.53%), Next.e.GO (1.93%), Healthcare AI Acquisition Corp. (0.04%), EF Hutton Acquisition Co. I (0.09%), Quantum FinTech Acquisition Co. (0.13%), Aurora Technology Acquisition Corp. (0.91%), Keyarch Acquisition Co. (0.04%), PHP Ventures Acquisition Corp. (0.85%), Banyan Acquisition Co. (0.23%), Western Acquisition Ventures Corp. (0.79%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling CNDA is an investing strategy that aims to generate trading profit from Concord Acquisition Corp II 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 Concord Acquisition Corp II 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 CNDA, 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 CNDA, twice per month. The most recent reporting period available is April, 15 2024.