TortoiseEcofin Acquisition Corp. III (TRTL) Short Interest Ratio & Short Volume

Short interest is the volume of TortoiseEcofin Acquisition Corp. III shares that have been sold short but have not yet been closed out or covered. As of June 30th, traders have sold 3,900 shares of TRTL short. 0.03% of TortoiseEcofin Acquisition Corp. III's shares are currently sold short. Learn More on TortoiseEcofin Acquisition Corp. III'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. 0.03% of TortoiseEcofin Acquisition Corp. III's floating shares are currently sold short.

TortoiseEcofin Acquisition Corp. III saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,900 shares, an increase of 14.7% from the previous total of 3,400 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.

TortoiseEcofin Acquisition Corp. III currently has issued a total of 24,150,000 shares. Some of TortoiseEcofin Acquisition Corp. III'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. TortoiseEcofin Acquisition Corp. III currently has a public float of 14,360,000 shares.

0.03% of TortoiseEcofin Acquisition Corp. III's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to TortoiseEcofin Acquisition Corp. III: 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%), Rigel Resource Acquisition Corp. (0.00%), Codere Online Luxembourg, S.A. (2.31%), Inflection Point Acquisition Corp. II (0.03%), Patria Latin American Opportunity Acquisition Corp. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.71 billion), TC Energy Co. ($2.95 billion), Moderna, Inc. ($2.63 billion), Royal Caribbean Cruises Ltd. ($2.53 billion), Paychex, Inc. ($2.03 billion), Cencora, Inc. ($2.03 billion), Tractor Supply ($1.91 billion), Rivian Automotive, Inc. ($1.78 billion), Chesapeake Energy Co. ($1.50 billion), and United Therapeutics Co. ($1.40 billion). View all of the most shorted stocks.

Short selling TRTL is an investing strategy that aims to generate trading profit from TortoiseEcofin Acquisition Corp. III 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 TortoiseEcofin Acquisition Corp. III 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 TRTL, 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 TRTL, twice per month. The most recent reporting period available is June, 30 2024.