S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market

Low Volume Stocks

Low volume stocks are public companies that have an average daily trading volume of 1,000 shares or less. Trading in low volume stocks can be risky due to their lack of liquidity and ease in price manipulation, but can have strong upside in certain circumstances. This page lists the lowest average volume stocks trading on major U.S. exchanges.

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
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Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyCurrent PriceVolume GrowthVolumeAverage VolumeDollar VolumeIndicator(s)
Bio-Rad Laboratories, Inc. stock logo
BIO.B
Bio-Rad Laboratories
$371.10
+-67.4%2371$8,535.30
DMAQ
Deep Medicine Acquisition
$10.65
+-98.7%179$10.65
USBF
iShares USD Bond Factor ETF
$84.14
+0.1%
+-97.4%3116$252.42Dividend Announcement
BLLD
JPMorgan Sustainable Infrastructure ETF
$46.89
+0.7%
+-99.4%1165$46.89
Gyrodyne, LLC stock logo
GYRO
Gyrodyne
$9.05
+-99.4%1165$9.05
Biglari Holdings Inc stock logo
BH.A
Biglari
$1,040.00
+0.1%
+138.1%400168$416,000.00
CLOE
Clover Leaf Capital
$11.25
+-60.3%69174$776.25
Watsco Inc stock logo
WSO.B
Watsco
$344.80
+8.0%
+-49.8%107213$36,893.60Gap Up
Northern Revival Acquisition Co. stock logo
NRAC
Northern Revival Acquisition
$10.40
+-99.1%2214$20.80
CF Acquisition Corp. VIII stock logo
CFFE
CF Acquisition Corp. VIII
$10.81
+-95.8%10241$108.10
BKWO
BNY Mellon Women's Opportunities ETF
$25.78
+0.7%
+-91.4%21245$541.32
Oxbridge Acquisition Corp. stock logo
OXAC
Oxbridge Acquisition
$10.96
+-68.6%83264$909.68
PureTech Health plc stock logo
PRTC
PureTech Health
$28.00
+-85.7%41286$1,148.00
NZUS
SPDR MSCI USA Climate Paris Aligned ETF
$24.09
+0.1%
+744.6%2,804332$67,548.36Dividend Announcement
Positive News
J.W. Mays, Inc. stock logo
MAYS
J.W. Mays
$45.37
+-45.3%205374$9,300.85Upcoming Earnings
Haverty Furniture Companies, Inc. stock logo
HVT.A
Haverty Furniture Companies
$27.36
+3.0%
+482.2%2,218381$60,684.48Gap Up
Cullman Bancorp, Inc. stock logo
CULL
Cullman Bancorp
$10.63
+-93.0%27386$287.01
GFGF
Guru Favorite Stocks ETF
$22.11
+0.5%
+-97.5%10400$221.14
AOTG
AOT Growth & Innovation ETF
$30.87
+1.9%
+-33.8%300453$9,260.67
AIB
AIB Acquisition
$10.78
+-97.8%11497$118.58
FWPAY
Forward Pharma A/S
$2.80
+-98.7%7520$19.60Stock Split
Formula Systems (1985) Ltd. stock logo
FORTY
Formula Systems (1985)
$68.04
+4.0%
+34.1%715533$48,645.53Gap Up
Rand Capital Co. stock logo
RAND
Rand Capital
$13.10
+-81.2%102542$1,336.15Positive News
Kewaunee Scientific Co. stock logo
KEQU
Kewaunee Scientific
$16.00
+-96.6%19553$304.00
FHLT
Future Health ESG
$10.20
-0.1%
+-82.0%100555$1,020.00
BKIV
BNY Mellon Innovators ETF
$27.23
+1.2%
+-99.0%7708$190.61
WINV
WinVest Acquisition
$10.74
+0.2%
+-17.7%600729$6,443.22
John Wiley & Sons, Inc. stock logo
WLYB
John Wiley & Sons
$38.77
+10.2%
+-30.6%509733$19,733.93Gap Up
BayFirst Financial Corp. stock logo
BAFN
BayFirst Financial
$14.48
+-71.3%240836$3,475.20
Hanover Bancorp, Inc. stock logo
HNVR
Hanover Bancorp
$17.78
+-90.1%84852$1,493.52
PSCU
Invesco S&P SmallCap Utilities & Communication Services ETF
$54.17
+1.4%
+-41.6%506867$27,410.02
PPYA
Papaya Growth Opportunity Corp. I
$10.52
+-89.2%102941$1,073.04
The InterGroup Co. stock logo
INTG
The InterGroup
$34.10
-4.2%
+115.6%2,2811,058$77,782.10Gap Down
Onyx Acquisition Co. I stock logo
ONYX
Onyx Acquisition Co. I
$10.75
+-99.6%41,111$43.00
VictoryShares International High Div Volatility Wtd ETF stock logo
CID
VictoryShares International High Div Volatility Wtd ETF
$30.73
+0.3%
+-83.7%1871,145$5,746.51
Vector Acquisition Co. II stock logo
VAQC
Vector Acquisition Co. II
$10.21
+-99.8%21,150$20.42
InterPrivate III Financial Partners Inc. stock logo
IPVF
InterPrivate III Financial Partners
$10.47
+-99.1%101,163$104.70
UCRD
VictoryShares Corporate Bond ETF
$20.60
+0.2%
+-99.7%41,226$82.42
Global X Health & Wellness ETF stock logo
BFIT
Global X Health & Wellness ETF
$22.18
+1.1%
+65.6%2,0701,250$45,912.60
DIST
Distoken Acquisition
$10.28
+-99.7%41,258$41.12
Invesco DWA Consumer Cyclicals Momentum ETF stock logo
PEZ
Invesco DWA Consumer Cyclicals Momentum ETF
$67.07
+2.2%
+-99.7%41,315$268.28Gap Up
Four Seasons Education (Cayman) Inc. stock logo
FEDU
Four Seasons Education (Cayman)
$8.37
+-98.9%151,321$125.48
RNLC
Large Cap US Equity Select ETF
$31.02
+0.7%
+-99.8%31,382$93.06
CFSB Bancorp, Inc. stock logo
CFSB
CFSB Bancorp
$7.80
+-99.8%31,420$23.40
Nayax Ltd. stock logo
NYAX
Nayax
$17.64
-1.2%
+-44.3%8011,438$14,129.64
UBND
VictoryShares Core Plus Intermediate Bond ETF
$21.56
+0.1%
+-95.9%601,467$1,293.60
ICC Holdings, Inc. stock logo
ICCH
ICC
$16.40
+467.4%8,3351,469$136,694.00Gap Down
VictoryShares US Small Cap Volatility Wtd stock logo
CSA
VictoryShares US Small Cap Volatility Wtd
$59.58
+2.8%
+-90.2%1481,512$8,817.84Gap Up
Gray Television, Inc. stock logo
GTN.A
Gray Television
$8.08
0.0%
+-98.1%291,520$234.31Positive News
Auburn National Bancorporation, Inc. stock logo
AUBN
Auburn National Bancorporation
$21.90
+0.5%
+-58.7%6291,524$13,775.10Gap Down
RNDM
Developed International Equity Select ETF
$50.01
+0.5%
+592.0%11,3211,636$566,211.89
Sound Financial Bancorp, Inc. stock logo
SFBC
Sound Financial Bancorp
$35.88
-1.4%
+-38.2%1,0171,645$36,492.50
SMCP
AlphaMark Actively Managed Small Cap ETF
$25.30
+2.0%
+-67.8%5471,699$13,838.88
MLAC
Malacca Straits Acquisition
$10.58
+-94.2%1001,721$1,058.00Positive News
DXGE
WisdomTree Germany Hedged Equity Fund
$37.09
+0.3%
+-40.2%1,0461,749$38,796.14
Chavant Capital Acquisition Corp. stock logo
CLAY
Chavant Capital Acquisition
$11.10
+0.9%
+-63.6%6641,825$7,370.40Gap Up
First Trust Germany AlphaDEX Fund stock logo
FGM
First Trust Germany AlphaDEX Fund
$38.10
-0.3%
+306.8%7,5171,848$286,397.70
Daily Journal Co. stock logo
DJCO
Daily Journal
$289.99
-1.4%
+168.0%4,9751,856$1.44 millionPositive News
Interlink Electronics, Inc. stock logo
LINK
Interlink Electronics
$9.71
-1.0%
+-1.1%1,8641,884$18,090.12Positive News
Gap Up
BioNxt Solutions Inc. stock logo
BNXTF
BioNxt Solutions
$0.42
-9.0%
+-88.7%2201,941$92.36Negative News
Gap Down
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
$34.20
+0.1%
+-64.0%7011,948$23,974.20
SEPA
SEP Acquisition
$9.95
+-99.9%21,961$19.90
Aurora Acquisition Corp. stock logo
AURC
Aurora Acquisition
$10.34
+-98.0%391,966$403.31
RNDV
US Equity Dividend Select ETF
$27.72
+0.7%
+-33.0%1,3321,987$36,923.04
AMID
Argent Mid Cap ETF
$25.39
+0.9%
+-99.8%42,016$101.56
MedTech Acquisition Co. stock logo
MTAC
MedTech Acquisition
$10.45
+0.3%
+-18.5%1,6622,039$17,367.73News Coverage
PSCF
Invesco S&P SmallCap Financials ETF
$43.00
+4.1%
+5.3%2,1652,056$93,098.68Gap Up
Granite Real Estate Inc. Staple stock logo
GRP.U
Granite Real Estate Inc. Staple
$62.14
+1.3%
+-28.1%1,4852,064$92,277.90
Molecular Partners AG stock logo
MOLN
Molecular Partners
$6.67
-0.4%
+-51.4%1,0162,090$6,776.72
iShares Emerging Markets Infrastructure ETF stock logo
EMIF
iShares Emerging Markets Infrastructure ETF
$21.93
+1.4%
+-67.7%6952,149$15,243.16
VCXB
10X Capital Venture Acquisition Corp. III
$10.46
+-99.9%22,183$20.92
Global X Blockchain & Bitcoin Strategy ETF stock logo
BITS
Global X Blockchain & Bitcoin Strategy ETF
$33.63
+3.5%
+42.9%3,1592,210$106,237.17Positive News
Gap Down
PepperLime Health Acquisition Co. stock logo
PEPL
PepperLime Health Acquisition
$10.36
+-99.9%22,225$20.72
RNMC
Mid Cap US Equity Select ETF
$27.73
+2.0%
+1.9%2,2872,245$63,407.08
Investors Title stock logo
ITIC
Investors Title
$136.98
+1.0%
+121.5%5,0552,282$692,433.90Positive News
WRAC
Williams Rowland Acquisition
$10.28
+-100.0%12,291$10.28
Mannatech, Incorporated stock logo
MTEX
Mannatech
$13.63
+6.5%
+-75.8%5572,302$7,591.91
PhenixFIN Co. stock logo
PFX
PhenixFIN
$33.46
+4.6%
+192.2%6,8232,335$228,297.58News Coverage
Gap Up
IDEX Biometrics ASA stock logo
IDBA
IDEX Biometrics ASA
$5.11
-1.5%
+-78.5%5082,361$2,596.39Positive News
IF Bancorp, Inc. stock logo
IROQ
IF Bancorp
$14.11
+1.2%
+143.6%5,7562,363$81,217.16
TUSA
First Trust Dividend Strength ETF
$40.92
+1.5%
+1.1%2,3992,374$98,167.08
Value Line, Inc. stock logo
VALU
Value Line
$47.40
-0.3%
+398.5%11,8892,385$563,538.60Analyst Report
DWUS
AdvisorShares Dorsey Wright FSM US Core ETF
$35.31
+0.3%
+116.1%5,1582,387$182,114.54
UPTD
TradeUP Acquisition
$10.89
+-99.9%22,398$21.78Positive News
Oconee Federal Financial Corp. stock logo
OFED
Oconee Federal Financial
$16.52
-1.1%
+-78.7%5102,398$8,425.20
Vericity, Inc. stock logo
VERY
Vericity
$6.75
+2.5%
+148.2%6,0582,441$40,907.86Gap Up
DEMZ
Democratic Large Cap Core ETF
$26.15
+0.6%
+-57.9%1,0342,456$27,039.10
AXS Short De-SPAC Daily ETF stock logo
SOGU
AXS Short De-SPAC Daily ETF
$25.99
-4.3%
+356.1%11,2382,464$292,075.62
Brooge Energy Limited stock logo
BROG
Brooge Energy
$4.91
+0.2%
+444.8%13,4242,464$65,911.84News Coverage
Invesco S&P SmallCap Consumer Discretionary ETF stock logo
PSCD
Invesco S&P SmallCap Consumer Discretionary ETF
$88.64
+4.0%
+403.8%12,4682,475$1.11 millionGap Up
Pathfinder Bancorp, Inc. stock logo
PBHC
Pathfinder Bancorp
$13.16
-1.1%
+40.9%3,4892,476$45,915.24
Biglari Holdings Inc. stock logo
BH
Biglari
$210.73
+0.8%
+64.1%4,2182,571$888,859.14
PUI
Invesco DWA Utilities Momentum ETF
$32.43
+0.4%
+-35.2%1,6862,600$54,680.69
Kentucky First Federal Bancorp stock logo
KFFB
Kentucky First Federal Bancorp
$5.87
+0.2%
+-68.8%8202,624$4,813.40
NOM
Nuveen Missouri Quality Municipal Income Fund
$9.88
-0.2%
+-81.4%5012,689$4,949.88Dividend Announcement
News Coverage
MURF
Murphy Canyon Acquisition
$10.67
+-99.5%152,755$159.98
P&F Industries, Inc. stock logo
PFIN
P&F Industries
$6.36
+3.2%
+-51.8%1,3302,761$8,458.80Gap Up
HMN Financial, Inc. stock logo
HMNF
HMN Financial
$18.60
+1.1%
+4.3%2,8922,773$53,791.20
Principal Healthcare Innovators ETF stock logo
BTEC
Principal Healthcare Innovators ETF
$37.18
+0.7%
+109.4%5,8332,785$216,870.94
UTStarcom Holdings Corp. stock logo
UTSI
UTStarcom
$3.84
+3.7%
+0.8%2,8162,794$10,813.44
Why Average Daily Trading Volume Matters to Every Investor

Understanding the significance of volume can help investors focus on what really matters

One measure of demand for buying or selling a security is its trading volume. In general, higher trading volume supports strong price movement. But how do investors know when volume is really high? Like many other metrics such as price-to-earnings (P/E) ratio, trading volume varies for different stocks and different sectors. That’s where investors can look to a stock’s average daily trading volume.

This article will help you understand the average daily trading volume, what it can tell investors, what causes it to change significantly, and how it can be used as part of a trading system.

The average daily trading volume (ADTV) is simply the average amount of shares traded each day for an equity. To calculate ADTV, find the total volume of shares traded over a certain period of time and divide that number by the desired time period. The most commonly used time frames associated with ADTV are monthly, quarterly, and yearly (annual).

Most financial websites and trading platforms provide the average daily trading volume for a security. Additionally, stock charts can show you volume as it relates to price movement. This gives investors a clear picture of specific patterns related to trading volume.

Average daily trading volume is significant in the same way that a simple moving average (SMA) is significant. The SMA smooths out price movement. The ADTV smooths out volume. On any given day, a security may have higher or lower trading volume for any number of reasons. Knowing the ADTV gives investors a clearer understanding of investor sentiment.

What an Increase in ADTV Means - Average daily trading volume tells investors how much interest a security is generating. This helps them determine the liquidity of that security (i.e. how easy it is to trade). Simply put, an average daily trading volume that is increasing means there is a significant commitment by traders. This tells traders that there are many available buyers and sellers, making it easy to execute a trade.

When the price of an equity is consolidating, investors want to see evidence of higher-than-average trading volume along with a rising stock price. This is a bullish signal because it confirms that more buyers are entering the market.

What a decline in ADTV means - Typically a downturn in average daily trading volume means that there is less enthusiasm about a particular security. This means that there are fewer committed buyers. And that means there is less liquidity in that security. For a day trader looking to enter an exit a position quickly, a security that is seeing a downturn in ADTV may be more difficult to buy and sell quickly.

For short sellers, a lower-than-average trading volume along with a falling stock price means that there may not be sufficient downward pressure on the stock to execute a trade. Conversely, long investors may view a stock price that is falling on low volume as an opportunity to accumulate more shares because selling pressure is not that strong.

Here are a few examples of situations that may affect the average daily trading volume of a given security:

  • An upcoming earnings report – Trading volume tends to go up in a stock in the period immediately before and after it releases earnings. If analysts and investors expect a company to post better-than-expected earnings, buying demand will increase. Conversely, if a company is expected to report disappointing earnings, selling pressure will increase.
  • An upcoming ex-dividend date – For dividend-paying stocks, trading volume will typically increase prior to the company’s ex-dividend date. The ex-dividend date is the date before which an investor must be a shareholder of record in order to receive a dividend payment.
  • Analyst reports – Trading volume may move higher or lower in response when analysts issue a new revision to a stock and/or their price target for the stock.
  • News coverage – A company can make news for positive and negative reasons. Depending on the reason for the news coverage, trading volume may move higher or lower.
  • Changes in institutional buying – There are times of year, specifically the period between June through August that institutional investors are less active in the market. During this time, you may see prices changing based on significantly below average volume.

Average daily trading volume is a technical indicator. Technical analysis is a trading strategy that is used by active traders to determine when to enter (buy) or exit (sell) a position. These investors are typically looking to buy and sell a security, often times in the same day. For that reason, they use average daily trading volume to select securities. 

Investors with a long position in a stock are generally more interested in fundamental analysis. That means a monthly or quarterly ADTV does not hold much significance. However, if the annual ADTV has been trending lower over a number of years, it may be a sign that there are other problems with the stock.

Investors who use annual daily trading volume in their trading understand that the relationship between volume and price comes down to supply and demand.

When investors want to buy or sell a stock, there has to be investors on the other end of that trade. The average daily trading volume can signal to an investor that an event has occurred that is causing trading demand to increase.

But simply knowing that there is trading demand is not sufficient. While average daily trading volume can help confirm to a trader that a security is being actively traded, it does not, by itself, indicate price movement one way or another. There can be both high buying volume and high selling volume.

This is why, as part of a trading system, average trading volume is always secondary to price. To make a more informed decision about what the average daily trading volume means, investors will look at price movement. Here are a few ways that investors use volume in their trading:

To Confirm Convergence - When the price is moving in the same direction as volume (that is the price is rising when volume is increasing or conversely the price is falling as demand is decreasing), that is called convergence. This is a good indicator that a trend is likely to continue and prices are likely to continue in the direction they are going.

To Confirm Divergence - When the price of a security is moving in the opposite direction from its volume this is called divergence and it generally means that any trend that was associated with the security is weakening.  If price is rising as demand is falling it may mean that support for a price is losing steam. If the opposite is happening and price is falling but demand is rising, it could be a clue that the stock may be ready to rally.

To Observe What Happens When Price Meets Resistance - In any rally, prices will reach a level where buyers take a breather. This is called a resistance level. In order for prices to move past this level, there has to be significant volume. Therefore, traders look at securities that are trading above the average daily trading volume because they are more likely to push past a resistance level.

  • If the price continues to advance beyond a resistance level and the security continues to have an above average volume – This is a bullish signal that implies investors are enthusiastic. And enthusiasm leads to more buying and a price that will continue to climb.
  • If the price continues to fall below a resistance level and continues to have an above average volume – This is a bullish signal for short sellers because the combination of negative price movement with advancing volume signifies a high level of investor anxiety. This is likely to produce more selling and a price that will continue to decline.

Some Final Thoughts on Average Daily Trading Volume

Average daily trading volume (ADTV) is the average amount of shares traded each day for an equity. ADTV is a technical indicator that gives investors a snapshot of the liquidity in a stock over a specific time period (usually monthly, quarterly, or annually). 

An informed investor can and should, at the very least, be aware of what an average daily trading is and what it may be saying about their investment. But the extent to which it impacts their trading habits really depends on what kind of investor they are.

ADTV is only one data point that investors use. But as this article shows it can tell investors and traders a great deal about investor sentiment. Understanding that sentiment helps minimize risk by pointing investors towards stocks that have liquidity (i.e. a committed group of buyers and sellers). However, ADTV is always secondary to price movement. Ultimately investors want to see both high demand for a stock and strong price movement.

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