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Align Technology (ALGN) Short Interest Ratio & Short Volume

$302.39
-10.67 (-3.41%)
(As of 02/28/2024 ET)

Align Technology Short Interest Data

Current Short Volume
1,740,000 shares
Previous Short Volume
1,460,000 shares
Change Vs. Previous Month
+19.18%
Dollar Volume Sold Short
$539.00 million
Short Interest Ratio / Days to Cover
1.7
Last Record Date
February 15, 2024
Outstanding Shares
76,590,000 shares
Float Size
71,620,000 shares
Short Percent of Float
2.43%
Today's Trading Volume
557,407 shares
Average Trading Volume
932,994 shares
Today's Volume Vs. Average
60%
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ALGN Short Interest Over Time

ALGN Days to Cover Over Time

ALGN Percentage of Float Shorted Over Time


Align Technology Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
2/15/20241,740,000 shares $539.00 million +19.2%2.4%1.7 $309.77
1/31/20241,460,000 shares $390.29 million -8.8%2.0%1.3 $267.32
1/15/20241,600,000 shares $434.62 million -18.0%2.2%1.3 $271.64
12/31/20231,950,000 shares $534.30 million -29.6%2.7%1.6 $274.00
12/15/20232,770,000 shares $706.38 million -7.7%3.9%2.3 $255.01
11/30/20233,000,000 shares $641.40 million +2.0%4.2%2.9 $213.80
11/15/20232,940,000 shares $602.88 million -16.7%4.1%3 $205.06
10/31/20233,530,000 shares $651.60 million +47.7%4.9%4 $184.59
10/15/20232,390,000 shares $635.72 million +13.8%3.3%3.5 $265.99
9/30/20232,100,000 shares $641.17 million +5.5%2.9%3 $305.32
9/15/20231,990,000 shares $660.86 million -4.3%2.8%2.9 $332.09
8/31/20232,080,000 shares $769.89 million -8.4%2.9%2.9 $370.14
8/15/20232,270,000 shares $819.58 million No Change3.2%3.1 $361.05
7/31/20232,270,000 shares $857.81 million -11.0%3.2%3 $377.89
7/15/20232,550,000 shares $935.54 million -6.6%3.6%3.3 $366.88
6/30/20232,730,000 shares $965.44 million +8.8%3.8%3.9 $353.64
6/15/20232,510,000 shares $836.31 million -3.8%3.5%3.5 $333.19
5/31/20232,610,000 shares $737.74 million +42.6%3.7%3.4 $282.66
5/15/20231,830,000 shares $544.02 million -20.8%2.6%2.2 $297.28
4/30/20232,310,000 shares $751.44 million -4.6%3.2%2.6 $325.30
4/15/20232,420,000 shares $828.29 million +3.9%3.4%2.5 $342.27
3/31/20232,330,000 shares $778.55 million -12.7%3.3%2.3 $334.14
3/15/20232,670,000 shares $849.51 million +9.9%3.7%2.5 $318.17
2/28/20232,430,000 shares $752.09 million -14.1%3.4%2.3 $309.50
2/15/20232,830,000 shares $957.64 million +34.8%3.9%2.7 $338.39
1/31/20232,100,000 shares $566.43 million -8.7%2.9%1.9 $269.73
1/15/20232,300,000 shares $551.45 million +31.4%3.1%2.1 $239.76
12/30/20221,750,000 shares $369.08 million -20.5%2.4%1.7 $210.90
12/15/20222,200,000 shares $444.33 million -8.7%3.0%2 $201.97
11/30/20222,410,000 shares $473.95 million -4.4%3.3%2.3 $196.66
11/15/20222,520,000 shares $536.56 million -9.0%3.5%2.5 $212.92
10/31/20222,770,000 shares $538.21 million +18.9%3.8%2.9 $194.30
10/15/20222,330,000 shares $469.80 million -9.7%3.2%2.7 $201.63
9/30/20222,580,000 shares $534.34 million +24.6%3.5%3 $207.11
9/15/20222,070,000 shares $521.64 million -5.1%2.8%2.4 $252.00
8/31/20222,180,000 shares $531.27 million -4.4%3.0%2.4 $243.70
8/15/20222,280,000 shares $652.51 million -3.8%3.1%2.3 $286.19
7/31/20222,370,000 shares $665.90 million -12.9%3.2%2.2 $280.97
7/15/20222,720,000 shares $693.27 million +4.2%3.7%2.3 $254.88
6/30/20222,610,000 shares $617.71 million +15.5%3.6%2.3 $236.67













ALGN Short Interest - Frequently Asked Questions

What is Align Technology's current short interest?

Short interest is the volume of Align Technology shares that have been sold short but have not yet been closed out or covered. As of February 15th, traders have sold 1,740,000 shares of ALGN short. 2.43% of Align Technology's shares are currently sold short. Learn More on Align Technology's current short interest.

What is a good short interest ratio for Align Technology?

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. ALGN shares currently have a short interest ratio of 2.0. Learn More on Align Technology's short interest ratio.

Which institutional investors are shorting Align Technology?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Align Technology: GTS Securities LLC, Wolverine Trading LLC, Paloma Partners Management Co, Parallax Volatility Advisers L.P., Caas Capital Management LP, Citadel Advisors LLC, BlackBarn Capital Partners LP, Capital Fund Management S.A., PEAK6 Investments LLC, Capstone Investment Advisors LLC, IMC Chicago LLC, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Simplex Trading LLC, Portman Square Capital LLP, and Cutler Group LLC CA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Align Technology?

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. 2.43% of Align Technology's floating shares are currently sold short.

Is Align Technology's short interest increasing or decreasing?

Align Technology saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 1,740,000 shares, an increase of 19.2% from the previous total of 1,460,000 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.

What is Align Technology's float size?

Align Technology currently has issued a total of 76,590,000 shares. Some of Align Technology'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. Align Technology currently has a public float of 71,620,000 shares.

How does Align Technology's short interest compare to its competitors?

2.43% of Align Technology's shares are currently sold short. Here is how the short interest of companies compare to Align Technology: STERIS plc (2.44%), Zimmer Biomet Holdings, Inc. (2.03%), Smith & Nephew plc (0.47%), MSA Safety Incorporated (0.69%), Eargo, Inc. (0.22%), Establishment Labs Holdings Inc. (18.25%), Avanos Medical, Inc. (2.74%), Inogen, Inc. (8.45%), Edwards Lifesciences Co. (1.70%), argenx SE (2.16%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

What does it mean to sell short Align Technology stock?

Short selling ALGN is an investing strategy that aims to generate trading profit from Align Technology as its price is falling. ALGN shares are trading down $10.67 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 Align Technology?

A short squeeze for Align Technology 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 ALGN, which in turn drives the price of the stock up even further.

How often is Align Technology's 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 ALGN, twice per month. The most recent reporting period available is February, 15 2024.



More Short Interest Resources from MarketBeat

This page (NASDAQ:ALGN) was last updated on 2/29/2024 by MarketBeat.com Staff