Music Acquisition (TMAC) Short Interest Ratio & Short Volume

Short interest is the volume of Music Acquisition shares that have been sold short but have not yet been covered or closed out. As of November 15th, investors have sold 1,200 shares of TMAC short. 0.01% of Music Acquisition's shares are currently sold short. Learn More on Music 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. 0.01% of Music Acquisition's floating shares are currently sold short.

Music Acquisition saw a drop in short interest in November. As of November 15th, there was short interest totaling 1,200 shares, a drop of 98.3% from the previous total of 71,100 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.

Music Acquisition currently has issued a total of 28,750,000 shares. Some of Music 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. Music Acquisition currently has a public float of 22,440,000 shares.

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc ($4.34 billion), Occidental Petroleum Corporation ($4.15 billion), T. Rowe Price Group, Inc. ($2.41 billion), Diamondback Energy, Inc. ($2.05 billion), Coinbase Global, Inc. ($1.75 billion), Lucid Group, Inc. ($1.66 billion), Pacific Gas & Electric Co. ($1.62 billion), Rivian Automotive, Inc. ($1.62 billion), Etsy, Inc. ($1.61 billion), and Old Dominion Freight Line, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling TMAC is an investing strategy that aims to generate trading profit from Music 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 Music 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 TMAC, 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 TMAC, twice per month. The most recent reporting period available is November, 15 2022.