Galileo Acquisition (GLEO) Short Interest Ratio & Short Volume

Short interest is the volume of Galileo Acquisition shares that have been sold short but have not yet been closed out or covered. As of September 15th, traders have sold 19,000 shares of GLEO short. 0.14% of Galileo Acquisition's shares are currently sold short. Learn More on Galileo Acquisition'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. 0.14% of Galileo Acquisition's floating shares are currently sold short.

Galileo Acquisition saw a decrease in short interest in September. As of September 15th, there was short interest totaling 19,000 shares, a decrease of 61.8% from the previous total of 49,800 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.

Galileo Acquisition currently has issued a total of 17,400,000 shares. Some of Galileo Acquisition'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. Galileo Acquisition currently has a public float of 13,700,000 shares.

0.14% of Galileo Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "industrials" compare to Galileo Acquisition: Zoomcar Holdings, Inc. (0.11%), Laser Photonics Co. (15.13%), HireRight Holdings Co. (2.30%), Caravelle International Group (0.52%), Energy Services of America Co. (0.90%),

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 GLEO is an investing strategy that aims to generate trading profit from Galileo Acquisition as its price is falling. GLEO shares are trading up $0.09 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 Galileo Acquisition 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 GLEO, 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 GLEO, twice per month. The most recent reporting period available is September, 15 2021.