FinTech Evolution Acquisition Group (FTEV) Short Interest Ratio & Short Volume

Short interest is the volume of FinTech Evolution Acquisition Group shares that have been sold short but have not yet been covered or closed out. As of February 28th, traders have sold 6,200 shares of FTEV short. 0.02% of FinTech Evolution Acquisition Group's shares are currently sold short. Learn More on FinTech Evolution Acquisition Group'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. 0.02% of FinTech Evolution Acquisition Group's floating shares are currently sold short.

FinTech Evolution Acquisition Group saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 6,200 shares, a decrease of 27.1% from the previous total of 8,500 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.

FinTech Evolution Acquisition Group currently has issued a total of 34,260,000 shares. Some of FinTech Evolution Acquisition Group'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. FinTech Evolution Acquisition Group currently has a public float of 27,360,000 shares.

0.02% of FinTech Evolution Acquisition Group's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to FinTech Evolution Acquisition Group: Southport Acquisition Co. (0.01%), Concord Acquisition Corp II (0.00%), Direct Selling Acquisition Corp. (0.00%), Integrated Rail and Resources Acquisition Corp. (0.00%), byNordic Acquisition Co. (0.13%), Papaya Growth Opportunity Corp. I (0.00%), Goal Acquisitions Corp. (0.00%), AltEnergy Acquisition Corp. (0.00%), Clean Energy Special Situations Corp. (0.00%), FutureTech II Acquisition Corp. (0.24%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Corporation ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling FTEV is an investing strategy that aims to generate trading profit from FinTech Evolution Acquisition Group 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 FinTech Evolution Acquisition Group 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 FTEV, 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 FTEV, twice per month. The most recent reporting period available is February, 28 2023.