GigCapital2 (GIX) Short Interest Ratio & Short Volume

Short interest is the volume of GigCapital2 shares that have been sold short but have not yet been covered or closed out. As of May 14th, traders have sold 983,600 shares of GIX short. 6.42% of GigCapital2's shares are currently sold short. Learn More on GigCapital2'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. GIX shares currently have a short interest ratio of 2.0. Learn More on GigCapital2'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. 6.42% of GigCapital2's floating shares are currently sold short.

GigCapital2 saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 983,600 shares, an increase of 57.6% from the previous total of 624,100 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.

GigCapital2 currently has issued a total of 19,812,000 shares. Some of GigCapital2'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. GigCapital2 currently has a public float of 15,310,000 shares.

6.42% of GigCapital2's shares are currently sold short. Here is how the short interest of companies compare to GigCapital2: NorthView Acquisition Co. (0.01%), Inflection Point Acquisition Corp. II (0.56%), 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 (0.01%), Goal Acquisitions Corp. (0.01%), AltEnergy Acquisition Corp. (0.01%), Clean Energy Special Situations Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Aon plc ($6.79 billion), Charter Communications, Inc. ($5.98 billion), Analog Devices, Inc. ($5.56 billion), S&P Global Inc. ($5.37 billion), Airbnb, Inc. ($3.72 billion), Nuance Communications, Inc. ($2.87 billion), Snap Inc. ($2.70 billion), Expedia Group, Inc. ($2.27 billion), The Kroger Co. ($2.19 billion), and VMware, Inc. ($2.04 billion). View all of the most shorted stocks.

Short selling GIX is an investing strategy that aims to generate trading profit from GigCapital2 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 GigCapital2 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 GIX, 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 GIX, twice per month. The most recent reporting period available is May, 14 2021.