Concord Acquisition Corp II (CNDA) Short Interest Ratio & Short Volume

Short interest is the volume of Concord Acquisition Corp II shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 21,500 shares of CNDA short. 0.15% of Concord Acquisition Corp II's shares are currently sold short. Learn More on Concord Acquisition Corp II'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. 0.15% of Concord Acquisition Corp II's floating shares are currently sold short.

Concord Acquisition Corp II saw a drop in short interest in May. As of May 15th, there was short interest totaling 21,500 shares, a drop of 31.1% from the previous total of 31,200 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.

Concord Acquisition Corp II currently has issued a total of 21,700,000 shares. Some of Concord Acquisition Corp II'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. Concord Acquisition Corp II currently has a public float of 14,700,000 shares.

0.15% of Concord Acquisition Corp II's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Concord Acquisition Corp II: Trinity Capital Inc. (2.52%), CION Investment Co. (0.20%), Ares Acquisition Co. II (0.01%), enGene Holdings Inc. (0.31%), Nabors Energy Transition Corp. II (0.02%), Screaming Eagle Acquisition Corp. (0.18%), Rigel Resource Acquisition Corp. (0.00%), Codere Online Luxembourg, S.A. (1.67%), Inflection Point Acquisition Corp. II (0.02%), LAMF Global Ventures Corp. I (0.53%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling CNDA is an investing strategy that aims to generate trading profit from Concord Acquisition Corp II 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 Concord Acquisition Corp II 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 CNDA, 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 CNDA, twice per month. The most recent reporting period available is May, 15 2024.