Technology & Telecommunication Acquisition (TETEW) Short Interest Ratio & Short Volume

Short interest is the volume of Technology & Telecommunication Acquisition shares that have been sold short but have not yet been covered or closed out. As of July 31st, traders have sold 11,100 shares of TETEW short. Learn More on Technology & Telecommunication 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. TETEW shares currently have a short interest ratio of 3.0. Learn More on Technology & Telecommunication Acquisition's short interest ratio.

Technology & Telecommunication Acquisition saw a increase in short interest in July. As of July 31st, there was short interest totaling 11,100 shares, an increase of 63.2% from the previous total of 6,800 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.

Here is how the short interest of companies in the industry of "business services" compare to Technology & Telecommunication Acquisition: Alibaba Group Holding Limited (2.10%), S&P Global Inc. (1.32%), Uber Technologies, Inc. (2.87%), MercadoLibre, Inc. (1.74%), PayPal Holdings, Inc. (2.30%), Relx Plc (0.10%), Trip.com Group Limited (2.07%), Waste Connections, Inc. (0.86%), IQVIA Holdings Inc. (1.73%), Reddit, Inc. (13.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.45 billion), Moderna, Inc. ($2.69 billion), Royal Caribbean Cruises Ltd. ($2.55 billion), Paychex, Inc. ($2.13 billion), Rivian Automotive, Inc. ($1.96 billion), Onsemi ($1.94 billion), Tractor Supply ($1.84 billion), Enphase Energy, Inc. ($1.77 billion), Chesapeake Energy Co. ($1.69 billion), and International Paper ($1.54 billion). View all of the most shorted stocks.

Short selling TETEW is an investing strategy that aims to generate trading profit from Technology & Telecommunication Acquisition as its price is falling. TETEW shares are trading up $0.01 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 Technology & Telecommunication 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 TETEW, 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 TETEW, twice per month. The most recent reporting period available is July, 31 2024.