PROOF Acquisition Corp I (PACI) Short Interest Ratio & Short Volume

Short interest is the volume of PROOF Acquisition Corp I shares that have been sold short but have not yet been closed out or covered. As of May 31st, traders have sold 700 shares of PACI short. Learn More on PROOF Acquisition Corp I's current short interest.

PROOF Acquisition Corp I saw a decrease in short interest in May. As of May 31st, there was short interest totaling 700 shares, a decrease of 84.8% from the previous total of 4,600 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.

PROOF Acquisition Corp I currently has issued a total of 13,340,000 shares. Some of PROOF Acquisition Corp I'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. PROOF Acquisition Corp I currently has a public float of 26,630,000 shares.

Here is how the short interest of companies in the industry of "air transportation, nonscheduled" compare to PROOF Acquisition Corp I: Blade Air Mobility, Inc. (4.48%), Surf Air Mobility Inc. (7.82%), Jet.AI Inc. (8.15%), Bristow Group Inc. (1.91%), and Wheels Up Experience Inc. (4.93%).

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.00 billion), Suncor Energy Inc. ($2.98 billion), Charter Communications, Inc. ($2.88 billion), Occidental Petroleum Co. ($2.79 billion), Moderna, Inc. ($2.39 billion), Snowflake Inc. ($2.38 billion), Coinbase Global, Inc. ($2.22 billion), Palantir Technologies Inc. ($2.18 billion), T. Rowe Price Group, Inc. ($2.03 billion), and Verisk Analytics, Inc. ($2.02 billion). View all of the most shorted stocks.

Short selling PACI is an investing strategy that aims to generate trading profit from PROOF Acquisition Corp I as its price is falling. PACI shares are trading down $5.50 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 PROOF Acquisition Corp I 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 PACI, 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 PACI, twice per month. The most recent reporting period available is May, 31 2023.