Applied Digital (APLD) Short Interest Ratio & Short Volume

Short interest is the volume of Applied Digital shares that have been sold short but have not yet been closed out or covered. As of November 15th, traders have sold 39,290,000 shares of APLD short. 24.01% of Applied Digital's shares are currently sold short. Learn More on Applied Digital'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. APLD shares currently have a short interest ratio of 2.0. Learn More on Applied Digital's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Applied Digital: National Bank of Canada FI, Jane Street Group LLC, Wolverine Trading LLC, Centiva Capital LP, Paloma Partners Management Co, Walleye Trading LLC, Walleye Capital LLC, Belvedere Trading LLC, and Cubist Systematic Strategies LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 24.01% of Applied Digital's floating shares are currently sold short.

Applied Digital saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 39,290,000 shares, an increase of 45.4% from the previous total of 27,020,000 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.

Applied Digital currently has issued a total of 211,250,000 shares. Some of Applied Digital'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. Applied Digital currently has a public float of 163,610,000 shares.

24.01% of Applied Digital's shares are currently sold short. Here is how the short interest of companies in the industry of "business services" compare to Applied Digital: Bilibili Inc. (4.28%), MARA Holdings, Inc. (20.14%), Lyft, Inc. (12.17%), QXO, Inc. (1.29%), Etsy, Inc. (17.43%), Nuvei Co. (3.91%), TriNet Group, Inc. (3.46%), Alight, Inc. (7.58%), Clarivate Plc (5.06%), DXC Technology (4.89%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($4.85 billion), Charter Communications, Inc. ($4.81 billion), International Paper ($2.96 billion), Cencora, Inc. ($2.40 billion), Paychex, Inc. ($2.38 billion), Lululemon Athletica Inc. ($2.05 billion), SoFi Technologies, Inc. ($2.03 billion), Live Nation Entertainment, Inc. ($1.93 billion), Onsemi ($1.82 billion), and Tractor Supply ($1.65 billion). View all of the most shorted stocks.

Short selling APLD is an investing strategy that aims to generate trading profit from Applied Digital as its price is falling. APLD shares are trading down $0.48 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 Applied Digital 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 APLD, 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 APLD, twice per month. The most recent reporting period available is November, 15 2024.