Pivotal Investment Co. III (PICC) Short Interest Ratio & Short Volume

Short interest is the volume of Pivotal Investment Co. III shares that have been sold short but have not yet been covered or closed out. As of February 28th, investors have sold 3,500 shares of PICC short. 0.06% of Pivotal Investment Co. III's shares are currently sold short. Learn More on Pivotal Investment Co. III'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. 0.06% of Pivotal Investment Co. III's floating shares are currently sold short.

Pivotal Investment Co. III currently has issued a total of 8,922,000 shares. Some of Pivotal Investment Co. 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. Pivotal Investment Co. III currently has a public float of 6,320,000 shares.

0.06% of Pivotal Investment Co. III's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Pivotal Investment Co. III: Onyx Acquisition Co. I (0.11%), Kernel Group Holdings, Inc. (0.04%), Papaya Growth Opportunity Corp. I (0.24%), TMT Acquisition Corp (0.05%), Atlantic Coastal Acquisition Corp. II (0.00%), Armada Acquisition Corp. I (0.08%), Feutune Light Acquisition Co. (0.07%), Global Lights Acquisition Corp (0.11%), Horizon Space Acquisition I Corp. (0.00%), Osiris Acquisition Corp. (0.27%),

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 PICC is an investing strategy that aims to generate trading profit from Pivotal Investment Co. 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 Pivotal Investment Co. III 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 PICC, 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 PICC, twice per month. The most recent reporting period available is February, 28 2023.