Appian (APPN) Short Interest Ratio & Short Volume

Short interest is the volume of Appian shares that have been sold short but have not yet been closed out or covered. As of September 15th, investors have sold 4,120,000 shares of APPN short. Learn More on Appian'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. APPN shares currently have a short interest ratio of 19.0. Learn More on Appian's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Appian: Wolverine Trading LLC, Walleye Trading LLC, Citadel Advisors LLC, Two Sigma Securities LLC, PEAK6 Investments LLC, Simplex Trading LLC, and Cutler Group LLC CA. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Appian saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 4,120,000 shares, an increase of 3.0% from the previous total of 4,000,000 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 in the sector of "computer and technology" compare to Appian: Commvault Systems, Inc. (2.20%), BlackLine, Inc. (5.76%), EngageSmart, Inc. (3.00%), nCino, Inc. (8.57%), Varonis Systems, Inc. (5.02%), Vertex, Inc. (0.43%), BlackBerry Limited (2.66%), C3.ai, Inc. (33.15%), Rapid7, Inc. (6.07%), Smead Value Fund (1.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Co. ($3.27 billion), Tractor Supply ($2.29 billion), Celsius Holdings, Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling APPN is an investing strategy that aims to generate trading profit from Appian as its price is falling. APPN shares are trading down $2.24 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 Appian 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 APPN, 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 APPN, twice per month. The most recent reporting period available is September, 15 2023.