Fortinet (FTNT) Short Interest Ratio & Short Volume

Short interest is the volume of Fortinet shares that have been sold short but have not yet been covered or closed out. As of January 31st, traders have sold 15,170,000 shares of FTNT short. Learn More on Fortinet'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. FTNT shares currently have a short interest ratio of 3.0. Learn More on Fortinet's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Fortinet: Wolverine Trading LLC, Squarepoint Ops LLC, Point72 Asset Management L.P., Millennium Management LLC, LMR Partners LLP, Laurion Capital Management LP, Group One Trading LLC, Eisler Capital Management Ltd., D. E. Shaw & Co. Inc., Cubist Systematic Strategies LLC, Caption Management LLC, Centiva Capital LP, Citadel Advisors LLC, Capstone Investment Advisors LLC, Bank of America Corp DE, BNP Paribas Financial Markets, Ardsley Advisory Partners LP, Jane Street Group LLC, Paloma Partners Management Co, Optiver Holding B.V., Beacon Pointe Advisors LLC, Tudor Investment Corp ET AL, Parallax Volatility Advisers L.P., Two Sigma Securities LLC, Susquehanna International Group LLP, Concourse Financial Group Securities Inc., PEAK6 LLC, Walleye Trading LLC, Walleye Capital LLC, Barclays PLC, Capital Fund Management S.A., JPMorgan Chase & Co., Garda Capital Partners LP, Allianz Asset Management GmbH, Caas Capital Management LP, Baader Bank Aktiengesellschaft, and JPMorgan Chase & Co.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Fortinet saw a increase in short interest in January. As of January 31st, there was short interest totaling 15,170,000 shares, an increase of 1.2% from the previous total of 14,990,000 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.

Here is how the short interest of companies compare to Fortinet: ServiceNow, Inc. (1.57%), Axon Enterprise, Inc. (3.17%), Commvault Systems, Inc. (2.85%), Qualys, Inc. (8.42%), C3.ai, Inc. (16.73%), Progress Software Co. (13.24%), Microsoft Co. (0.85%), Oracle Co. (1.66%), Palo Alto Networks, Inc. (3.38%), Logitech International S.A. (3.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.21 billion), Charter Communications, Inc. ($4.07 billion), Reddit, Inc. ($3.33 billion), The Kroger Co. ($2.67 billion), Cencora, Inc. ($2.29 billion), Hims & Hers Health, Inc. ($2.17 billion), SoFi Technologies, Inc. ($1.99 billion), Live Nation Entertainment, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.76 billion), and Moderna, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling FTNT is an investing strategy that aims to generate trading profit from Fortinet as its price is falling. FTNT shares are trading down $0.76 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 Fortinet 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 FTNT, 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 FTNT, twice per month. The most recent reporting period available is January, 31 2025.