Digital Turbine Short Interest Ratio and Short Volume

+3.87 (+6.32 %)
(As of 05/7/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume3.67 million shs
Average Volume3.79 million shs
Market Capitalization$5.82 billion
P/E Ratio217.01
Dividend YieldN/A

Short Interest

Digital Turbine (NASDAQ:APPS) Short Interest Data

Current Short Volume2,760,000 shares
Previous Short Volume2,520,000 shares
Change Vs. Previous Month+9.52%
Dollar Volume Sold Short$232.12 million
Short Interest Ratio / Days to Cover0.7
Last Record DateApril, 15 2021
Outstanding Shares83,010,000 shares
Percentage of Shares Shorted3.09%
Today's Trading Volume3,673,449 shares
Average Trading Volume3,791,466 shares
Today's Volume Vs. Average-3.11%

Short Interest Over Time

Digital Turbine (NASDAQ:APPS) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/20212,760,000 shares $232.12 million +9.5%N/A0.7$84.10
3/31/20212,520,000 shares $187.77 million -16.0%N/A0.6$74.51
3/15/20213,000,000 shares $261.60 million +21.0%N/A0.7$87.20
2/26/20212,480,000 shares $179.50 million +18.1%N/A0.7$72.38
2/12/20212,100,000 shares $182.11 million -20.2%N/A0.6$86.72
1/29/20212,630,000 shares $160.64 million -19.8%N/A0.7$61.08
1/15/20213,280,000 shares $196.70 million +0.6%N/A0.9$59.97
12/31/20203,260,000 shares $185.36 million -19.3%N/A0.9$56.86
12/15/20204,040,000 shares $189.60 million +2.3%N/A1$46.93
11/30/20203,950,000 shares $159.66 million +4.8%N/A0.9$40.42
11/15/20203,770,000 shares $140.51 million +14.6%N/A0.8$37.27
10/30/20203,290,000 shares $104.89 million -13.2%4.0%0.7$31.88
10/15/20203,790,000 shares $156.15 million +0.5%4.7%0.8$41.20
9/30/20203,770,000 shares $123.43 million +19.3%4.6%0.9$32.74
9/15/20203,160,000 shares $90.60 million +5.7%3.9%0.7$28.67
8/31/20202,990,000 shares $72.33 million -29.8%3.7%0.8$24.19
8/14/20204,260,000 shares $105.44 million -4.1%5.2%1.2$24.75
7/31/20204,440,000 shares $61.63 million -5.7%N/A1.5$13.88
7/15/20204,710,000 shares $60.90 million -9.6%6.0%1.9$12.93
6/30/20205,210,000 shares $65.49 million +14.8%6.7%2.1$12.57
6/15/20204,540,000 shares $44.88 million -5.6%5.8%1.9$9.89
5/29/20204,810,000 shares $30.88 million +0.4%6.2%2$6.42
5/15/20204,790,000 shares $26.20 million -5.9%6.2%2.2$5.47
4/30/20205,090,000 shares $29.83 million +19.2%6.5%2.1$5.86
4/15/20204,270,000 shares $19.81 million +11.2%5.5%1.7$4.64

Digital Turbine (NASDAQ:APPS) Short Interest FAQ

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What is Digital Turbine's current short interest?

Short interest is the volume of Digital Turbine shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 2,760,000 shares of APPS short.

What is a good short interest ratio for Digital Turbine?

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. Digital Turbine currently has a short interest ratio of 1.0.

Is Digital Turbine's short interest increasing or decreasing?

Digital Turbine saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,760,000 shares, an increase of 9.5% from the previous total of 2,520,000 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.

How does Digital Turbine's short interest compare to its competitors?

0.00% of Digital Turbine's shares are currently sold short. Here is how the short interest of companies in the industry of "patent owners & lessors" compare to Digital Turbine: Dolby Laboratories, Inc. (0.00%), Marathon Digital Holdings, Inc. (10.93%), InterDigital, Inc. (0.00%), Franchise Group, Inc. (0.00%), The Joint Corp. (8.31%), VirnetX Holding Corp (9.90%), Acacia Research Co. (3.58%), Quarterhill Inc. (0.00%), Research Frontiers Incorporated (9.08%), and Network-1 Technologies, Inc. (0.08%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Digital Turbine stock?

Short selling APPS is an investing strategy that aims to generate trading profit from Digital Turbine as its price is falling. Digital Turbine's stock is trading up $3.87 today. To short Digital Turbine 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 Digital Turbine 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 Digital Turbine?

A short squeeze for Digital Turbine 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 APPS, which in turn drives the price of the stock up even further.

How often is Digital Turbine'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 APPS, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/9/2021 by Staff
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