Fortinet (FTNT) Short Interest Ratio & Short Volume

$64.80
+1.11 (+1.74%)
(As of 04/23/2024 ET)

Fortinet Short Interest Data

Current Short Volume
13,190,000 shares
Previous Short Volume
13,300,000 shares
Change Vs. Previous Month
-0.83%
Dollar Volume Sold Short
$901.01 million
Short Interest Ratio / Days to Cover
2.1
Last Record Date
March 31, 2024
Outstanding Shares
763,030,000 shares
Percentage of Shares Shorted
1.73%
Today's Trading Volume
3,540,044 shares
Average Trading Volume
5,850,670 shares
Today's Volume Vs. Average
61%
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FTNT Short Interest Over Time

FTNT Days to Cover Over Time

FTNT Percentage of Float Shorted Over Time

Fortinet Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/202413,190,000 shares $901.01 million -0.8%N/A2.1 $68.31
3/15/202413,300,000 shares $887.38 million +3.4%N/A2.2 $66.72
2/29/202412,860,000 shares $888.75 million +16.7%N/A1.9 $69.11
2/15/202411,020,000 shares $774.27 million -3.3%N/A1.6 $70.26
1/31/202411,400,000 shares $735.19 million -1.6%N/A1.6 $64.49
1/15/202411,580,000 shares $723.06 million -9.3%N/A1.6 $62.44
12/31/202312,770,000 shares $747.43 million -18.2%N/A1.8 $58.53
12/15/202315,610,000 shares $902.73 million +26.8%N/A2.2 $57.83
11/30/202312,310,000 shares $647.01 million +6.7%N/A1.8 $52.56
11/15/202311,540,000 shares $589.23 million +1.6%N/A1.8 $51.06
10/31/202311,360,000 shares $649.45 million -14.1%N/A1.7 $57.17
10/15/202313,230,000 shares $764.16 million +13.7%N/A2.1 $57.76
9/30/202311,640,000 shares $683.04 million +34.1%N/A1.9 $58.68
9/15/20238,680,000 shares $529.65 million -12.0%N/A1.5 $61.02
8/31/20239,860,000 shares $593.67 million -5.2%N/A1.6 $60.21
8/15/202310,400,000 shares $615.37 million +8.8%N/A1.6 $59.17
7/31/20239,560,000 shares $743.00 million -5.6%N/A1.6 $77.72
7/15/202310,130,000 shares $799.46 million -5.2%N/A1.9 $78.92
6/30/202310,690,000 shares $808.06 million -23.0%N/A2.1 $75.59
6/15/202313,880,000 shares $1.02 billion +9.1%N/A2.8 $73.59
5/31/202312,720,000 shares $869.16 million +17.3%N/A2.7 $68.33
5/15/202310,840,000 shares $743.19 million -4.9%N/A2.5 $68.56
4/30/202311,400,000 shares $718.77 million -4.8%N/A2.4 $63.05
4/15/202311,970,000 shares $814.80 million -6.4%N/A2.5 $68.07
3/31/202312,790,000 shares $850.02 million -5.3%N/A2.5 $66.46
3/15/202313,510,000 shares $815.87 million -0.7%N/A2.7 $60.39
2/28/202313,610,000 shares $808.98 million +2.6%N/A2.6 $59.44
2/15/202313,270,000 shares $833.49 million -1.8%N/A2.5 $62.81
1/31/202313,510,000 shares $707.11 million -15.0%N/A2.5 $52.34
1/15/202315,900,000 shares $777.03 million +9.4%N/A3 $48.87
12/30/202214,530,000 shares $710.37 million +11.2%N/A2.7 $48.89
12/15/202213,070,000 shares $681.86 million +12.1%N/A2.4 $52.17
11/30/202211,660,000 shares $619.85 million +12.6%N/A2.2 $53.16
11/15/202210,360,000 shares $582.23 million +19.2%N/A1.9 $56.20
10/31/20228,690,000 shares $496.72 million -4.4%N/A1.6 $57.16
10/15/20229,090,000 shares $437.50 million -19.5%N/A1.7 $48.13
9/30/202211,290,000 shares $554.68 million -7.2%N/A2.1 $49.13
9/15/202212,160,000 shares $617.97 million +33.3%N/A2.3 $50.82
8/31/20229,120,000 shares $444.05 million +7.9%N/A1.7 $48.69
8/15/20228,450,000 shares $456.98 million -16.6%N/A1.5 $54.08
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FTNT Short Interest - Frequently Asked Questions

What is Fortinet's current short interest?

Short interest is the volume of Fortinet shares that have been sold short but have not yet been covered or closed out. As of March 31st, investors have sold 13,190,000 shares of FTNT short. Learn More on Fortinet's current short interest.

What is a good short interest ratio for Fortinet?

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. FTNT shares currently have a short interest ratio of 2.0. Learn More on Fortinet's short interest ratio.

Which institutional investors are shorting Fortinet?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Fortinet: Portman Square Capital LLP, Curated Wealth Partners LLC, Readystate Asset Management LP, Caas Capital Management LP, Capital Fund Management S.A., PEAK6 Investments LLC, Eisler Capital UK Ltd., Dymon Asia Capital Singapore PTE. LTD., Capstone Investment Advisors LLC, Allianz Asset Management GmbH, IMC Chicago LLC, Wells Fargo & Company MN, UBS Group AG, and Baader Bank Aktiengesellschaft. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Fortinet's short interest increasing or decreasing?

Fortinet saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 13,190,000 shares, a decrease of 0.8% from the previous total of 13,300,000 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 Fortinet's short interest compare to its competitors?

Here is how the short interest of companies in the sector of "computer and technology" compare to Fortinet: Zscaler, Inc. (5.99%), CrowdStrike Holdings, Inc. (2.42%), Logitech International S.A. (2.11%), Juniper Networks, Inc. (3.94%), F5, Inc. (2.93%), Palo Alto Networks, Inc. (3.83%), Carrier Global Co. (1.68%), Autodesk, Inc. (1.24%), Snowflake Inc. (2.87%), Atlassian Co. (1.99%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

What does it mean to sell short Fortinet stock?

Short selling FTNT is an investing strategy that aims to generate trading profit from Fortinet as its price is falling. FTNT shares are trading up $1.11 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 Fortinet?

A short squeeze for Fortinet 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 FTNT, which in turn drives the price of the stock up even further.

How often is Fortinet'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 FTNT, twice per month. The most recent reporting period available is March, 31 2024.



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This page (NASDAQ:FTNT) was last updated on 4/23/2024 by MarketBeat.com Staff

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