Compass Digital Acquisition (CDAQ) Short Interest Ratio & Short Volume

Short interest is the volume of Compass Digital Acquisition shares that have been sold short but have not yet been closed out or covered. As of September 30th, investors have sold 500 shares of CDAQ short. 0.02% of Compass Digital Acquisition's shares are currently sold short. Learn More on Compass Digital 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. 0.02% of Compass Digital Acquisition's floating shares are currently sold short.

Compass Digital Acquisition currently has issued a total of 7,790,000 shares. Some of Compass Digital 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. Compass Digital Acquisition currently has a public float of 2,710,000 shares.

0.02% of Compass Digital Acquisition's shares are currently sold short. Here is how the short interest of companies compare to Compass Digital Acquisition: New Providence Acquisition Corp. II (0.03%), Tristar Acquisition I Corp. (0.11%), Spring Valley Acquisition Corp. II (0.05%), Cartesian Growth Co. II (0.01%), Rigetti Computing, Inc. (16.55%), Keen Vision Acquisition Co. (0.01%), Investcorp Europe Acquisition Corp I (0.00%), Gores Holdings IX, Inc. (0.07%), Helix Acquisition Corp. II (0.03%), Investcorp India Acquisition Corp (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.04 billion), AppLovin Co. ($2.69 billion), Nu Holdings Ltd. ($2.64 billion), Paychex, Inc. ($2.61 billion), Cencora, Inc. ($2.30 billion), Aptiv PLC ($2.09 billion), Moderna, Inc. ($2.09 billion), Tractor Supply ($2.04 billion), Coinbase Global, Inc. ($1.97 billion), and International Paper ($1.95 billion). View all of the most shorted stocks.

Short selling CDAQ is an investing strategy that aims to generate trading profit from Compass Digital 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 Compass Digital 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 CDAQ, 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 CDAQ, twice per month. The most recent reporting period available is September, 30 2024.