Rigel Resource Acquisition (RRAC) Short Interest Ratio & Short Volume

Short interest is the volume of Rigel Resource Acquisition shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 300 shares of RRAC short. Learn More on Rigel Resource Acquisition's current short interest.

Rigel Resource Acquisition currently has issued a total of 32,070,000 shares. Some of Rigel Resource 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. Rigel Resource Acquisition currently has a public float of 6,130,000 shares.

Here is how the short interest of companies in the industry of "trading" compare to Rigel Resource Acquisition: Elme Communities (2.14%), Ladder Capital Corp (1.20%), Sila Realty Trust, Inc. (6.92%), Veris Residential, Inc. (3.72%), Navient Corporation (8.32%), Empire State Realty Trust, Inc. (3.58%), JBG SMITH Properties (17.72%), Bridge Investment Group Holdings Inc. (0.21%), Safehold Inc. (7.13%), Sabine Royalty Trust (0.70%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Corporation ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper Company ($2.04 billion), Tractor Supply Company ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling RRAC is an investing strategy that aims to generate trading profit from Rigel Resource Acquisition 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 Rigel Resource Acquisition 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 RRAC, 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 RRAC, twice per month. The most recent reporting period available is October, 15 2024.