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DraftKings (DKNG) Short Interest Ratio & Short Volume

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$43.80 +0.59 (+1.37%)
(As of 11/20/2024 ET)

DraftKings Short Interest Data

DraftKings (DKNG) has a short interest of 24.40 million shares. This marks a -1.77% decrease in short interest from the previous month. The short interest ratio (days to cover) is 2.7, indicating that it would take 2.7 days of the average trading volume of 10.48 million shares to cover all short positions.

Current Short Interest
24,400,000 shares
Previous Short Interest
24,840,000 shares
Change Vs. Previous Month
-1.77%
Dollar Volume Sold Short
$861.81 million
Short Interest Ratio
2.7 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
880,640,000 shares
Percentage of Shares Shorted
2.77%
Today's Trading Volume
6,417,351 shares
Average Trading Volume
10,484,342 shares
Today's Volume Vs. Average
61%
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DKNG Short Interest Over Time

DKNG Days to Cover Over Time

DKNG Percentage of Float Shorted Over Time

DraftKings Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/202424,400,000 shares $861.81 million -1.8%N/A2.7 $35.32
10/15/202424,840,000 shares $947.40 million +0.7%N/A2.8 $38.14
9/30/202424,680,000 shares $967.46 million -4.3%N/A2.7 $39.20
9/15/202425,800,000 shares $975.24 million +10.0%N/A2.8 $37.80
8/31/202423,450,000 shares $809.03 million +8.3%N/A2.5 $34.50
8/15/202421,660,000 shares $739.47 million +9.6%N/A2.1 $34.14
7/31/202419,760,000 shares $730.13 million -3.2%N/A2 $36.95
7/15/202420,420,000 shares $806.18 million -12.4%N/A2.1 $39.48
6/30/202423,320,000 shares $890.12 million +15.2%N/A2.3 $38.17
6/15/202420,250,000 shares $787.93 million -5.0%N/A1.9 $38.91
5/31/202421,320,000 shares $748.97 million +27.2%N/A2 $35.13
5/15/202416,760,000 shares $773.47 million -10.5%N/A1.7 $46.15
4/30/202418,730,000 shares $778.42 million -6.4%N/A1.6 $41.56
4/15/202420,000,000 shares $874.40 million -1.8%N/A1.7 $43.72
3/31/202420,370,000 shares $925.00 million +16.5%N/A1.7 $45.41
3/15/202417,480,000 shares $730.31 million +4.7%N/A1.5 $41.78
2/29/202416,700,000 shares $723.44 million -15.2%N/A1.4 $43.32
2/15/202419,690,000 shares $875.42 million -0.6%N/A1.6 $44.46
1/31/202419,810,000 shares $773.58 million -21.9%N/A1.6 $39.05
1/15/202425,370,000 shares $835.94 million -15.7%N/A1.9 $32.95
12/31/202330,080,000 shares $1.06 billion +13.2%N/A2.4 $35.25
12/15/202326,570,000 shares $939.25 million +6.6%N/A2.1 $35.35
11/30/202324,920,000 shares $952.94 million -9.7%N/A2 $38.24
11/15/202327,610,000 shares $1.01 billion +14.3%N/A2.2 $36.62
10/31/202324,150,000 shares $667.02 million +1.5%N/A2 $27.62
10/15/202323,790,000 shares $679.20 million +0.3%N/A2.1 $28.55
9/30/202323,720,000 shares $698.32 million -10.6%N/A2 $29.44
9/15/202326,520,000 shares $823.18 million +9.3%N/A2.3 $31.04
8/31/202324,270,000 shares $719.61 million -4.6%N/A2.1 $29.65
8/15/202325,440,000 shares $720.72 million +5.6%N/A2.2 $28.33
7/31/202324,100,000 shares $765.90 million +3.4%N/A2 $31.78
7/15/202323,310,000 shares $712.12 million -1.9%N/A2 $30.55
6/30/202323,770,000 shares $631.57 million -3.1%N/A2 $26.57
6/15/202324,540,000 shares $609.33 million -4.0%N/A2.1 $24.83
5/31/202325,560,000 shares $596.57 million -15.5%N/A2.2 $23.34
5/15/202330,230,000 shares $710.10 million -1.9%N/A2.5 $23.49
4/30/202330,810,000 shares $675.05 million +2.6%7.7%2.3 $21.91
4/15/202330,040,000 shares $575.57 million -1.6%7.9%2.3 $19.16
3/31/202330,520,000 shares $590.87 million -3.9%8.1%2.3 $19.36
3/15/202331,750,000 shares $571.18 million -9.2%8.4%2.4 $17.99
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2/28/202334,950,000 shares $659.16 million +12.2%9.2%2.6 $18.86
2/15/202331,160,000 shares $554.02 million -7.5%8.2%2.2 $17.78
1/31/202333,680,000 shares $504.86 million -7.1%8.9%2.2 $14.99
1/15/202336,250,000 shares $511.49 million +17.2%9.6%2.3 $14.11
12/30/202230,920,000 shares $352.18 million +0.2%8.2%1.7 $11.39
12/15/202230,860,000 shares $389.76 million -3.7%8.1%1.6 $12.63
11/30/202232,050,000 shares $491.01 million -7.9%8.4%1.6 $15.32
11/15/202234,780,000 shares $536.31 million +1.0%9.2%1.6 $15.42
10/31/202234,430,000 shares $543.99 million -9.8%9.1%1.6 $15.80
10/15/202238,150,000 shares $476.11 million -2.5%10.1%1.8 $12.48
9/30/202239,120,000 shares $592.28 million -7.5%10.3%1.9 $15.14
9/15/202242,290,000 shares $812.81 million +2.3%11.1%2.2 $19.22
8/31/202241,360,000 shares $664.24 million +3.8%10.9%2.1 $16.06
8/15/202239,850,000 shares $828.88 million +1.4%10.5%1.9 $20.80
7/31/202239,320,000 shares $539.86 million -2.0%10.2%1.8 $13.73
7/15/202240,100,000 shares $515.69 million +4.7%10.4%1.8 $12.86
6/30/202238,310,000 shares $447.08 million -8.1%10.0%1.7 $11.67
6/15/202241,680,000 shares $509.75 million -5.4%10.9%1.8 $12.23
5/31/202244,070,000 shares $597.15 million -13.0%11.9%1.8 $13.55
5/15/202250,660,000 shares $638.82 million +14.0%13.3%1.9 $12.61
4/30/202244,430,000 shares $607.80 million -0.8%N/A1.7 $13.68
4/15/202244,800,000 shares $738.75 million +13.6%13.3%1.6 $16.49
3/31/202239,440,000 shares $767.90 million -0.3%11.7%1.4 $19.47
3/15/202239,570,000 shares $638.26 million -12.0%11.8%1.5 $16.13
2/28/202244,960,000 shares $1.06 billion +3.5%13.8%1.7 $23.68
2/15/202243,450,000 shares $1.03 billion -2.5%13.0%1.8 $23.73
1/31/202244,540,000 shares $983.89 million +13.7%13.7%2.1 $22.09
1/15/202239,190,000 shares $908.82 million +5.5%12.1%2.2 $23.19
12/31/202137,140,000 shares $1.02 billion -3.3%11.4%2.3 $27.47
12/15/202138,410,000 shares $1.10 billion -0.2%11.8%2.6 $28.67
11/30/202138,490,000 shares $1.33 billion +4.6%11.9%2.6 $34.55
11/15/202136,790,000 shares $1.45 billion +8.4%11.3%2.6 $39.36
10/29/202133,950,000 shares $1.58 billion +2.7%10.6%2.6 $46.59
10/15/202133,060,000 shares $1.59 billion +4.3%10.0%2.6 $48.08
9/30/202131,710,000 shares $1.53 billion -2.4%9.6%2.7 $48.16
9/15/202132,500,000 shares $1.94 billion -1.7%9.9%2.8 $59.84
8/31/202133,070,000 shares $1.96 billion +3.4%10.1%2.6 $59.29
8/13/202131,970,000 shares $1.71 billion +8.4%9.9%2.5 $53.50
7/30/202129,500,000 shares $1.43 billion +2.4%9.3%2 $48.50
7/15/202128,820,000 shares $1.29 billion -4.7%8.6%1.9 $44.83
6/30/202130,240,000 shares $1.58 billion +7.7%9.0%1.9 $52.17
6/15/202128,090,000 shares $1.36 billion -18.0%8.4%1.7 $48.51
5/28/202134,260,000 shares $1.71 billion -3.6%10.9%2.1 $49.95
5/14/202135,530,000 shares $1.46 billion +36.6%12.2%1.9 $40.99
4/30/202126,020,000 shares $1.50 billion +5.0%9.1%1.6 $57.46
4/15/202124,780,000 shares $1.46 billion +3.4%8.7%1.5 $58.88
3/31/202123,960,000 shares $1.46 billion +6.7%8.4%1.5 $61.00
3/15/202122,460,000 shares $1.61 billion +28.3%7.0%1.4 $71.75
2/26/202117,510,000 shares $1.01 billion +7.2%5.5%1.1 $57.81
2/12/202116,330,000 shares $966.57 million +0.7%5.2%1 $59.19
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1/29/202116,210,000 shares $910.52 million -9.1%5.2%0.9 $56.17
1/15/202117,830,000 shares $979.22 million No Change5.7%0.9 $54.92

DKNG Short Interest - Frequently Asked Questions

What is DraftKings' current short interest?

Short interest is the volume of DraftKings shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 24,400,000 shares of DKNG short. Learn More on DraftKings' current short interest.

What is a good short interest ratio for DraftKings?

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. DKNG shares currently have a short interest ratio of 3.0. Learn More on DraftKings's short interest ratio.

Which institutional investors are shorting DraftKings?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of DraftKings: CTC LLC, Barclays PLC, Jane Street Group LLC, Wolverine Trading LLC, Point72 Asset Management L.P., Parallax Volatility Advisers L.P., Maven Securities LTD, Capstone Investment Advisors LLC, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, Citigroup Inc., One River Asset Management LLC, Mirae Asset Securities USA Inc., Wolverine Asset Management LLC, McAdam LLC, Concourse Financial Group Securities Inc., Cubist Systematic Strategies LLC, and Maven Securities LTD. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is DraftKings' short interest increasing or decreasing?

DraftKings saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 24,400,000 shares, a decrease of 1.8% from the previous total of 24,840,000 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.

How does DraftKings' short interest compare to its competitors?

Here is how the short interest of companies compare to DraftKings: TKO Group Holdings, Inc. (6.56%), Endeavor Group Holdings, Inc. (6.94%), Planet Fitness, Inc. (4.49%), Life Time Group Holdings, Inc. (8.12%), Cedar Fair, L.P. (8.96%), Immunovant, Inc. (21.05%), Super Group Limited (0.47%), Manchester United plc (1.66%), Rush Street Interactive, Inc. (2.26%), Atlanta Braves Holdings, Inc. (2.73%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

What does it mean to sell short DraftKings stock?

Short selling DKNG is an investing strategy that aims to generate trading profit from DraftKings as its price is falling. DKNG shares are trading up $0.59 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.

How does a short squeeze work against DraftKings?

A short squeeze for DraftKings 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 DKNG, which in turn drives the price of the stock up even further.

How often is DraftKings' short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including DKNG, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:DKNG) was last updated on 11/21/2024 by MarketBeat.com Staff
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