Magnum Opus Acquisition (OPA) Short Interest Ratio & Short Volume

Short interest is the volume of Magnum Opus Acquisition shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 200 shares of OPA short. Learn More on Magnum Opus Acquisition's current short interest.

Magnum Opus Acquisition currently has issued a total of 11,600,000 shares. Some of Magnum Opus 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. Magnum Opus Acquisition currently has a public float of 6,600,000 shares.

Here is how the short interest of companies compare to Magnum Opus Acquisition: SOBR Safe, Inc. (97.71%), The Hain Celestial Group, Inc. (5.92%), Limoneira (1.80%), Bioceres Crop Solutions Corp. (2.21%), Calavo Growers, Inc. (3.26%), Oatly Group AB (4.96%), Leslie's, Inc. (10.93%), Waldencast plc (1.19%), BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (0.08%), Cadiz Inc. (7.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.82 billion), T-Mobile US, Inc. ($3.69 billion), Occidental Petroleum Co. ($2.90 billion), TC Energy Co. ($2.74 billion), Tractor Supply ($2.28 billion), Rivian Automotive, Inc. ($1.92 billion), Moderna, Inc. ($1.77 billion), Celsius Holdings, Inc. ($1.72 billion), Coinbase Global, Inc. ($1.66 billion), and Royal Caribbean Cruises Ltd. ($1.65 billion). View all of the most shorted stocks.

Short selling OPA is an investing strategy that aims to generate trading profit from Magnum Opus 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 Magnum Opus 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 OPA, 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 OPA, twice per month. The most recent reporting period available is October, 15 2023.