Peridot Acquisition Corp. II (PDOT) Short Interest Ratio & Short Volume

Short interest is the volume of Peridot Acquisition Corp. II shares that have been sold short but have not yet been covered or closed out. As of February 28th, traders have sold 541,300 shares of PDOT short. 1.34% of Peridot Acquisition Corp. II's shares are currently sold short. Learn More on Peridot Acquisition Corp. II'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. PDOT shares currently have a short interest ratio of 4.0. Learn More on Peridot Acquisition Corp. II'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. 1.34% of Peridot Acquisition Corp. II's floating shares are currently sold short.

Peridot Acquisition Corp. II saw a increase in short interest in February. As of February 28th, there was short interest totaling 541,300 shares, an increase of 3,200.6% from the previous total of 16,400 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.

Peridot Acquisition Corp. II currently has issued a total of 51,060,000 shares. Some of Peridot Acquisition Corp. II'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. Peridot Acquisition Corp. II currently has a public float of 40,470,000 shares.

1.34% of Peridot Acquisition Corp. II's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Peridot Acquisition Corp. II: Sagaliam Acquisition Corp. (0.00%), Nabors Energy Transition Corp. II (0.02%), L Catterton Asia Acquisition Corp (0.20%), Ares Acquisition Co. II (0.06%), Concord Acquisition Corp II (0.26%), Rigel Resource Acquisition Corp. (0.00%), Power & Digital Infrastructure Acquisition II Corp. (2.56%), Inflection Point Acquisition Corp. II (0.02%), Investcorp Europe Acquisition Corp I (0.10%), TortoiseEcofin Acquisition Corp. III (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Suncor Energy Inc. ($3.27 billion), Occidental Petroleum Co. ($2.77 billion), Coinbase Global, Inc. ($2.25 billion), T. Rowe Price Group, Inc. ($2.23 billion), Paramount Global ($1.92 billion), Etsy, Inc. ($1.75 billion), Voya Financial, Inc. ($1.74 billion), CarMax, Inc. ($1.62 billion), Old Dominion Freight Line, Inc. ($1.62 billion), and Royal Caribbean Cruises Ltd. ($1.39 billion). View all of the most shorted stocks.

Short selling PDOT is an investing strategy that aims to generate trading profit from Peridot Acquisition Corp. II as its price is falling. PDOT shares are trading down $0.01 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 Peridot Acquisition Corp. II 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 PDOT, 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 PDOT, twice per month. The most recent reporting period available is February, 28 2023.