Onyx Acquisition Co. I (ONYXW) Short Interest Ratio & Short Volume

Short interest is the volume of Onyx Acquisition Co. I shares that have been sold short but have not yet been closed out or covered. As of July 15th, investors have sold 125,800 shares of ONYXW short. Learn More on Onyx Acquisition Co. I'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. ONYXW shares currently have a short interest ratio of 14.0. Learn More on Onyx Acquisition Co. I's short interest ratio.

Onyx Acquisition Co. I saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 125,800 shares, an increase of 18.5% from the previous total of 106,200 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.

Here is how the short interest of companies in the industry of "trading" compare to Onyx Acquisition Co. I: Black Hawk Acquisition Co. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.13 billion), Royal Caribbean Cruises Ltd. ($2.77 billion), Moderna, Inc. ($2.76 billion), Coinbase Global, Inc. ($2.36 billion), Rivian Automotive, Inc. ($2.22 billion), Paychex, Inc. ($2.02 billion), Tractor Supply ($1.81 billion), Enphase Energy, Inc. ($1.65 billion), Chesapeake Energy Co. ($1.62 billion), and Lululemon Athletica Inc. ($1.58 billion). View all of the most shorted stocks.

Short selling ONYXW is an investing strategy that aims to generate trading profit from Onyx Acquisition Co. I as its price is falling. ONYXW shares are trading down $0.00 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 Onyx Acquisition Co. I 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 ONYXW, 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 ONYXW, twice per month. The most recent reporting period available is July, 15 2024.