Iconic Sports Acquisition (ICNC) Short Interest Ratio & Short Volume

Short interest is the volume of Iconic Sports Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 200 shares of ICNC short. Learn More on Iconic Sports Acquisition's current short interest.

Iconic Sports Acquisition saw a decrease in short interest in August. As of August 31st, there was short interest totaling 200 shares, a decrease of 60.0% from the previous total of 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.

Iconic Sports Acquisition currently has issued a total of 22,000,000 shares. Some of Iconic Sports 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. Iconic Sports Acquisition currently has a public float of 8,240,000 shares.

Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Iconic Sports Acquisition: Trinity Capital Inc. (1.80%), Ares Acquisition Co. II (1.27%), CION Investment Co. (1.08%), Nabors Energy Transition Corp. II (0.17%), Marblegate Acquisition Corp. (0.49%), Sound Point Meridian Capital, Inc. (0.04%), Codere Online Luxembourg, S.A. (2.48%), Inflection Point Acquisition Corp. II (0.56%), Cartesian Growth Co. II (0.02%), Keen Vision Acquisition Co. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling ICNC is an investing strategy that aims to generate trading profit from Iconic Sports Acquisition 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 Iconic Sports 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 ICNC, 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 ICNC, twice per month. The most recent reporting period available is August, 31 2023.