Prime Impact Acquisition I (PIAI) Short Interest Ratio & Short Volume

Short interest is the volume of Prime Impact Acquisition I shares that have been sold short but have not yet been closed out or covered. As of August 31st, traders have sold 2,200 shares of PIAI short. 0.05% of Prime Impact Acquisition I's shares are currently sold short. Learn More on Prime Impact Acquisition I'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. 0.05% of Prime Impact Acquisition I's floating shares are currently sold short.

Prime Impact Acquisition I currently has issued a total of 12,740,000 shares. Some of Prime Impact Acquisition 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. Prime Impact Acquisition I currently has a public float of 4,620,000 shares.

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 PIAI is an investing strategy that aims to generate trading profit from Prime Impact Acquisition I 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 Prime Impact Acquisition I 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 PIAI, 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 PIAI, twice per month. The most recent reporting period available is August, 31 2023.