Automatic Data Processing - ADP Short Interest Ratio & Short Volume

Short interest is the volume of Automatic Data Processing shares that have been sold short but have not yet been closed out or covered. As of March 15th, investors have sold 4,310,000 shares of ADP short. 1.05% of Automatic Data Processing's shares are currently sold short. Learn More on Automatic Data Processing'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. ADP shares currently have a short interest ratio of 2.0. Learn More on Automatic Data Processing's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Automatic Data Processing: Parallax Volatility Advisers L.P., Point72 Middle East FZE, Jane Street Group LLC, Laurion Capital Management LP, Millennium Management LLC, Maven Securities LTD, Delta Accumulation LLC, Bluefin Capital Management LLC, SG3 Management LLC, Point72 Asset Management L.P., Point72 Hong Kong Ltd, Susquehanna International Group LLP, Verition Fund Management LLC, Marshall Wace LLP, Wells Fargo & Company MN, Barclays PLC, Oribel Capital Management LP, Capital Fund Management S.A., JPMorgan Chase & Co., QVR LLC, Bank of America Corp DE, Capstone Investment Advisors LLC, Group One Trading L.P., IMC Chicago LLC, Cowen AND Company LLC, UBS Group AG, Cutler Group LLC CA, SG Americas Securities LLC, Simplex Trading LLC, Bank of Montreal Can, Concourse Financial Group Securities Inc., and CenterStar Asset Management 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. 1.05% of Automatic Data Processing's floating shares are currently sold short.

Automatic Data Processing saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,310,000 shares, an increase of 2.6% from the previous total of 4,200,000 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.

Automatic Data Processing currently has issued a total of 414,350,000 shares. Some of Automatic Data Processing'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. Automatic Data Processing currently has a public float of 412,210,000 shares.

1.05% of Automatic Data Processing's shares are currently sold short. Here is how the short interest of companies in the sector of "business services" compare to Automatic Data Processing: Verisk Analytics, Inc. (7.55%), S&P Global Inc. (1.27%), Fiserv, Inc. (1.37%), Waste Management, Inc. (1.18%), Thomson Reuters Co. (1.31%), Trane Technologies plc (1.15%), Republic Services, Inc. (0.77%), Paychex, Inc. (3.03%), Block, Inc. (3.84%), and Marvell Technology, Inc. (2.21%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($3.66 billion), Occidental Petroleum Co. ($2.62 billion), Coinbase Global, Inc. ($2.38 billion), T. Rowe Price Group, Inc. ($2.13 billion), Verisk Analytics, Inc. ($2.08 billion), Snowflake Inc. ($1.95 billion), Paramount Global ($1.78 billion), Etsy, Inc. ($1.60 billion), Teck Resources Limited ($1.51 billion), and Voya Financial, Inc. ($1.49 billion). View all of the most shorted stocks.

Short selling ADP is an investing strategy that aims to generate trading profit from Automatic Data Processing as its price is falling. ADP shares are trading up $0.19 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 Automatic Data Processing 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 ADP, 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 ADP, twice per month. The most recent reporting period available is March, 15 2023.