Northern Genesis Acquisition Corp. III (NGC) Short Interest Ratio & Short Volume

Short interest is the volume of Northern Genesis Acquisition Corp. III shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 300 shares of NGC short. Learn More on Northern Genesis Acquisition Corp. III's current short interest.

Northern Genesis Acquisition Corp. III saw a decrease in short interest in March. As of March 15th, there was short interest totaling 300 shares, a decrease of 25.0% from the previous total of 400 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.

Northern Genesis Acquisition Corp. III currently has issued a total of 21,560,000 shares. Some of Northern Genesis Acquisition Corp. III'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. Northern Genesis Acquisition Corp. III currently has a public float of 16,940,000 shares.

Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Northern Genesis Acquisition Corp. III: Inflection Point Acquisition Corp. II (0.56%), Cartesian Growth Co. II (0.01%), SK Growth Opportunities Co. (0.45%), Hennessy Capital Investment Corp. VI (0.03%), Plum Acquisition Corp. III (0.02%), Zalatoris Acquisition Corp. (0.00%), Concord Acquisition Corp II (0.00%), Direct Selling Acquisition Corp. (0.00%), Integrated Rail and Resources Acquisition Corp. (0.00%), Global Lights Acquisition Corp (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Corporation ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Ltd ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling NGC is an investing strategy that aims to generate trading profit from Northern Genesis Acquisition Corp. III 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 Northern Genesis Acquisition Corp. III 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 NGC, 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 NGC, twice per month. The most recent reporting period available is March, 15 2023.