Supernova Partners Acquisition (SPNV) Short Interest Ratio & Short Volume

Short interest is the volume of Supernova Partners Acquisition shares that have been sold short but have not yet been closed out or covered. As of August 13th, traders have sold 3,720,000 shares of SPNV short. 9.41% of Supernova Partners Acquisition's shares are currently sold short. Learn More on Supernova Partners 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. SPNV shares currently have a short interest ratio of 14.0. Learn More on Supernova Partners Acquisition's short interest ratio.

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. 9.41% of Supernova Partners Acquisition's floating shares are currently sold short.

Supernova Partners Acquisition saw a increase in short interest in August. As of August 13th, there was short interest totaling 3,720,000 shares, an increase of 34.3% from the previous total of 2,770,000 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.

Supernova Partners Acquisition currently has issued a total of 50,313,000 shares. Some of Supernova Partners 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. Supernova Partners Acquisition currently has a public float of 39,540,000 shares.

9.41% of Supernova Partners Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Supernova Partners Acquisition: Farmers National Banc Corp. (1.49%), Gladstone Capital Co. (1.19%), Gladstone Land Co. (1.59%), Hanmi Financial Co. (3.63%), BlackRock MuniVest Fund, Inc. (0.01%), Five Point Holdings, LLC (0.23%), Donegal Group Inc. (1.66%), Capital City Bank Group, Inc. (0.33%), Greenlight Capital Re, Ltd. (1.72%), One Liberty Properties, Inc. (0.84%),

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 SPNV is an investing strategy that aims to generate trading profit from Supernova Partners 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 Supernova Partners 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 SPNV, 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 SPNV, twice per month. The most recent reporting period available is August, 13 2021.