Good Works Acquisition (GWAC) Short Interest Ratio & Short Volume

Short interest is the volume of Good Works Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 13th, traders have sold 991,000 shares of GWAC short. 5.12% of Good Works Acquisition's shares are currently sold short. Learn More on Good Works 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. GWAC shares currently have a short interest ratio of 6.0. Learn More on Good Works 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. 5.12% of Good Works Acquisition's floating shares are currently sold short.

Good Works Acquisition saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 991,000 shares, an increase of 12.5% from the previous total of 880,800 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.

Good Works Acquisition currently has issued a total of 21,478,000 shares. Some of Good Works 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. Good Works Acquisition currently has a public float of 19,360,000 shares.

5.12% of Good Works Acquisition's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to Good Works Acquisition: Palladyne AI Corp. (8.95%), Inspired Entertainment, Inc. (2.95%), Ispire Technology Inc. (3.17%), TTEC Holdings, Inc. (19.05%), Resources Connection, Inc. (1.95%), Information Services Group, Inc. (0.74%), WM Technology, Inc. (2.80%), HireQuest, Inc. (2.51%), Arq, Inc. (3.44%), SmartRent, Inc. (3.08%),

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 GWAC is an investing strategy that aims to generate trading profit from Good Works Acquisition as its price is falling. GWAC shares are trading up $0.08 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 Good Works 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 GWAC, 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 GWAC, twice per month. The most recent reporting period available is August, 13 2021.