Southport Acquisition (PORT) Short Interest Ratio & Short Volume

Short interest is the volume of Southport Acquisition shares that have been sold short but have not yet been covered or closed out. As of March 15th, investors have sold 1,400 shares of PORT short. 0.03% of Southport Acquisition's shares are currently sold short. Learn More on Southport Acquisition'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. 0.03% of Southport Acquisition's floating shares are currently sold short.

Southport Acquisition saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 1,400 shares, a drop of 36.4% from the previous total of 2,200 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.

Southport Acquisition currently has issued a total of 5,788,000 shares. Some of Southport Acquisition'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. Southport Acquisition currently has a public float of 4,150,000 shares.

0.03% of Southport Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "trading" compare to Southport Acquisition: Bioceres Crop Solutions Corp. (3.83%), Cartesian Growth Co. II (0.02%), Uranium Royalty Corp. (13.21%), Transcontinental Realty Investors, Inc. (1.28%), NexPoint Real Estate Finance, Inc. (1.29%), Keen Vision Acquisition Co. (0.01%), Alpine Income Property Trust, Inc. (0.79%), Silvercrest Asset Management Group Inc. (0.45%), Ellington Credit (1.64%), City Office REIT, Inc. (0.78%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Cummins Inc. ($8.93 billion), Canadian Natural Resources Limited ($7.79 billion), Super Micro Computer, Inc. ($4.31 billion), T-Mobile US, Inc. ($4.00 billion), General Motors ($3.36 billion), Occidental Petroleum Co. ($3.10 billion), Charter Communications, Inc. ($2.92 billion), Coinbase Global, Inc. ($2.74 billion), Tractor Supply ($2.72 billion), and Moderna, Inc. ($2.31 billion). View all of the most shorted stocks.

Short selling PORT is an investing strategy that aims to generate trading profit from Southport Acquisition as its price is falling. PORT shares are trading up $0.34 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 Southport Acquisition 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 PORT, 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 PORT, twice per month. The most recent reporting period available is March, 15 2024.