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 closed out or covered. As of July 15th, traders have sold 300 shares of RRAC short. Learn More on Rigel Resource Acquisition's current short interest.

Rigel Resource Acquisition saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 300 shares, a decrease of 62.5% from the previous total of 800 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.

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 23,570,000 shares.

Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Rigel Resource Acquisition: Bain Capital Specialty Finance, Inc. (0.18%), Churchill Capital Corp VII (0.01%), Trinity Capital Inc. (2.79%), Ares Acquisition Co. II (0.06%), CION Investment Co. (0.06%), Nabors Energy Transition Corp. II (0.27%), enGene Holdings Inc. (1.39%), Codere Online Luxembourg, S.A. (2.31%), Inflection Point Acquisition Corp. II (0.03%), TortoiseEcofin Acquisition Corp. III (0.03%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 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 increases 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 July, 15 2024.