Western Digital (WDC) Short Interest Ratio & Short Volume

Short interest is the volume of Western Digital shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 22,250,000 shares of WDC short. Learn More on Western 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. WDC shares currently have a short interest ratio of 3.0. Learn More on Western 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 Western Digital: Walleye Trading LLC, Jane Street Group LLC, CMT Capital Markets Trading GmbH, Capital Markets Trading UK LLP, PEAK6 Investments LLC, Twin Tree Management LP, XR Securities LLC, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Caas Capital Management LP, Simplex Trading LLC, Portman Square Capital LLP, and Goldman Sachs Group Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Western Digital saw a increase in short interest in April. As of April 30th, there was short interest totaling 22,250,000 shares, an increase of 17.5% from the previous total of 18,940,000 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 Western Digital: NetApp, Inc. (2.46%), Seagate Technology Holdings plc (4.85%), Pure Storage, Inc. (3.15%), CGI Inc. (0.37%), Vodafone Group Public Limited (0.22%), Cloudflare, Inc. (2.93%), MicroStrategy Incorporated (18.71%), ASE Technology Holding Co., Ltd. (0.47%), Hewlett Packard Enterprise (2.44%), Tencent Music Entertainment Group (3.73%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling WDC is an investing strategy that aims to generate trading profit from Western Digital as its price is falling. WDC shares are trading down $2.00 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 Western 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 WDC, 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 WDC, twice per month. The most recent reporting period available is April, 30 2024.