Twin Ridge Capital Acquisition (TRCA) Short Interest Ratio & Short Volume

Short interest is the volume of Twin Ridge Capital Acquisition shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 11,800 shares of TRCA short. 0.19% of Twin Ridge Capital Acquisition's shares are currently sold short. Learn More on Twin Ridge Capital 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. 0.19% of Twin Ridge Capital Acquisition's floating shares are currently sold short.

Twin Ridge Capital Acquisition saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,800 shares, an increase of 122.6% from the previous total of 5,300 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.

Twin Ridge Capital Acquisition currently has issued a total of 11,594,000 shares. Some of Twin Ridge Capital 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. Twin Ridge Capital Acquisition currently has a public float of 6,270,000 shares.

0.19% of Twin Ridge Capital Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Twin Ridge Capital Acquisition: Redwoods Acquisition Corp. (0.11%), Papaya Growth Opportunity Corp. I (0.24%), bleuacacia ltd (0.07%), Armada Acquisition Corp. I (0.08%), Kernel Group Holdings, Inc. (0.04%), Onyx Acquisition Co. I (0.11%), TMT Acquisition Corp (0.05%), Atlantic Coastal Acquisition Corp. II (0.00%), Horizon Space Acquisition I Corp. (0.00%), Feutune Light Acquisition Co. (0.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling TRCA is an investing strategy that aims to generate trading profit from Twin Ridge Capital Acquisition as its price is falling. TRCA shares are trading up $0.75 today. 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 Twin Ridge Capital 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 TRCA, 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 TRCA, twice per month. The most recent reporting period available is October, 15 2023.