Sustainable Opportunities Acquisition (SOAC) Short Interest Ratio & Short Volume

Short interest is the volume of Sustainable Opportunities Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 13th, investors have sold 1,860,000 shares of SOAC short. Learn More on Sustainable Opportunities Acquisition's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. SOAC shares currently have a short interest ratio of 7.0. Learn More on Sustainable Opportunities Acquisition's short interest ratio.

Sustainable Opportunities Acquisition saw a increase in short interest in August. As of August 13th, there was short interest totaling 1,860,000 shares, an increase of 10.7% from the previous total of 1,680,000 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.

Here is how the short interest of companies in the sector of "basic materials" compare to Sustainable Opportunities Acquisition: TMC the metals company Inc. (8.27%), Metals Acquisition Limited (0.14%), American Lithium Corp. (0.74%), Lithium Americas Corp. (11.40%), Lithium Americas (Argentina) Corp. (7.58%), Ferroglobe PLC (1.34%), Perpetua Resources Corp. (2.10%), NL Industries, Inc. (1.41%), Valhi, Inc. (2.04%), Lightwave Logic, Inc. (16.84%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($9.67 billion), S&P Global Inc. ($7.87 billion), Advanced Micro Devices, Inc. ($7.80 billion), Analog Devices, Inc. ($7.03 billion), Sea Limited ($6.40 billion), Charter Communications, Inc. ($5.60 billion), Wayfair Inc. ($5.18 billion), Aon plc ($3.93 billion), CrowdStrike Holdings, Inc. ($2.52 billion), and Teladoc Health, Inc. ($2.49 billion). View all of the most shorted stocks.

Short selling SOAC is an investing strategy that aims to generate trading profit from Sustainable Opportunities 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 Sustainable Opportunities 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 SOAC, 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 SOAC, twice per month. The most recent reporting period available is August, 13 2021.