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 closed out or covered. As of February 28th, investors 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 drop in short interest in February. As of February 28th, there was short interest totaling 6,200 shares, a drop 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: Rigel Resource Acquisition Corp. (0.00%), Inflection Point Acquisition Corp. II (0.02%), Focus Impact Acquisition Corp. (0.04%), Investcorp Europe Acquisition Corp I (0.10%), Nabors Energy Transition Corp. II (0.02%), TortoiseEcofin Acquisition Corp. III (0.03%), Pearl Holdings Acquisition Corp (0.00%), Patria Latin American Opportunity Acquisition Corp. (0.01%), Spring Valley Acquisition Corp. II (0.12%), Cartesian Growth Co. II (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($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. FTEV shares are trading down $0.01 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 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.