dMY Technology Group, Inc. III (DMYI) Short Interest Ratio & Short Volume

Short interest is the volume of dMY Technology Group, Inc. III shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 876,600 shares of DMYI short. 3.90% of dMY Technology Group, Inc. III's shares are currently sold short. Learn More on dMY Technology Group, Inc. III'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. DMYI shares currently have a short interest ratio of 1.0. Learn More on dMY Technology Group, Inc. III'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. 3.90% of dMY Technology Group, Inc. III's floating shares are currently sold short.

dMY Technology Group, Inc. III saw a increase in short interest in September. As of September 15th, there was short interest totaling 876,600 shares, an increase of 414.7% from the previous total of 170,300 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.

dMY Technology Group, Inc. III currently has issued a total of 37,500,000 shares. Some of dMY Technology Group, Inc. III'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. dMY Technology Group, Inc. III currently has a public float of 22,480,000 shares.

3.90% of dMY Technology Group, Inc. III's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to dMY Technology Group, Inc. III: Telos Co. (1.30%), Unisys Co. (2.29%), Asure Software, Inc. (2.51%), OneSpan Inc. (2.97%), CSP Inc. (5.32%), Plum Acquisition Corp. I (0.11%), Ribbon Communications Inc. (2.43%), Simulations Plus, Inc. (7.34%), ON24, Inc. (1.90%), Mistras Group, Inc. (0.76%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($9.12 billion), S&P Global Inc. ($7.79 billion), Advanced Micro Devices, Inc. ($6.62 billion), Charter Communications, Inc. ($6.07 billion), Wayfair Inc. ($4.53 billion), Zoom Video Communications, Inc. ($3.45 billion), Uber Technologies, Inc. ($3.08 billion), Canadian Pacific Kansas City Limited ($2.97 billion), Palo Alto Networks, Inc. ($2.74 billion), and MongoDB, Inc. ($2.61 billion). View all of the most shorted stocks.

Short selling DMYI is an investing strategy that aims to generate trading profit from dMY Technology Group, Inc. III as its price is falling. DMYI shares are trading up $0.23 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 dMY Technology Group, Inc. III 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 DMYI, 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 DMYI, twice per month. The most recent reporting period available is September, 15 2021.