Elliott Opportunity II (EOCW) Short Interest Ratio & Short Volume

Short interest is the volume of Elliott Opportunity II shares that have been sold short but have not yet been covered or closed out. As of June 15th, traders have sold 300 shares of EOCW short. Learn More on Elliott Opportunity II's current short interest.

Elliott Opportunity II saw a drop in short interest in June. As of June 15th, there was short interest totaling 300 shares, a drop of 72.7% from the previous total of 1,100 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.

Elliott Opportunity II currently has issued a total of 76,190,000 shares. Some of Elliott Opportunity 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. Elliott Opportunity II currently has a public float of 59,570,000 shares.

Here is how the short interest of companies in the sector of "financial services" compare to Elliott Opportunity II: Ares Acquisition Co. II (0.06%), Everest Consolidator Acquisition Co. (0.05%), Oxford Lane Capital Corp. (0.00%), Amalgamated Financial Corp. (5.02%), Barings BDC, Inc. (0.65%), Cipher Mining Inc. (9.35%), Highest Performances Holdings Inc. (0.01%), Qudian Inc. (0.74%), Business First Bancshares, Inc. (0.77%), American National Bankshares Inc. (0.57%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.80 billion), Canadian Natural Resources Limited ($3.69 billion), Charter Communications, Inc. ($2.95 billion), Occidental Petroleum Co. ($2.78 billion), Moderna, Inc. ($2.38 billion), Palantir Technologies Inc. ($2.29 billion), T. Rowe Price Group, Inc. ($2.19 billion), Coinbase Global, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($2.02 billion), and Verisk Analytics, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling EOCW is an investing strategy that aims to generate trading profit from Elliott Opportunity 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 Elliott Opportunity II 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 EOCW, 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 EOCW, twice per month. The most recent reporting period available is June, 15 2023.