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Strategy (MSTR) Short Interest Ratio & Short Volume

Strategy logo
$289.08 +4.16 (+1.46%)
Closing price 10/24/2025 04:00 PM Eastern
Extended Trading
$290.09 +1.01 (+0.35%)
As of 10/24/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Strategy Short Interest Data

Strategy (MSTR) has a short interest of 25.35 million shares. This marks a 19.74% increase in short interest from the previous month. The short interest ratio (days to cover) is 2.2, indicating that it would take 2.2 days of the average trading volume of 12.07 million shares to cover all short positions.

Current Short Interest
25,350,000 shares
Previous Short Interest
21,170,000 shares
Change Vs. Previous Month
+19.74%
Dollar Volume Sold Short
$8.18 billion
Short Interest Ratio
2.2 Days to Cover
Last Record Date
September 30, 2025
Outstanding Shares
283,550,000 shares
Percentage of Shares Shorted
8.94%
Today's Trading Volume
7,857,293 shares
Average Trading Volume
12,065,291 shares
Today's Volume Vs. Average
65%
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Short Interest ChartDays to Cover ChartShort Percent of Float Chart

MSTR Short Interest Over Time

MSTR Days to Cover Over Time

MSTR Percentage of Float Shorted Over Time

Strategy Short Interest History

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Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
9/30/202525,350,000 shares $8.18 billion +19.7%N/A2.2 $322.57
9/15/202521,170,000 shares $6.94 billion -6.7%N/A1.8 $327.79
8/31/202522,680,000 shares $7.58 billion -1.6%8.7%2 $334.41
8/15/202523,050,000 shares $8.44 billion +3.2%N/A2 $366.32
7/31/202522,340,000 shares $8.98 billion -12.7%8.9%1.8 $401.86
7/15/202525,590,000 shares $11.32 billion +8.7%N/A2 $442.31
6/30/202523,550,000 shares $9.52 billion -1.1%9.4%1.7 $404.23
6/15/202523,820,000 shares $9.12 billion +1.3%9.5%1.6 $382.87
5/31/202523,520,000 shares $8.58 billion -14.2%10.8%1.5 $364.79
5/15/202527,410,000 shares $10.88 billion -0.3%12.6%1.5 $397.03
4/30/202527,490,000 shares $10.45 billion -4.3%N/A1.5 $380.11
4/15/202528,720,000 shares $8.92 billion -1.6%13.2%1.6 $310.72
3/31/202529,200,000 shares $8.42 billion +2.2%13.4%1.5 $288.27
3/15/202528,570,000 shares $8.50 billion +11.3%13.1%1.5 $297.49
2/28/202525,670,000 shares $6.56 billion +12.0%11.8%1.2 $255.48
2/15/202522,920,000 shares $7.74 billion -4.5%10.5%1 $337.73
1/31/202524,010,000 shares $8.04 billion -1.9%N/A0.9 $334.79
1/15/202524,470,000 shares $8.82 billion +5.3%N/A0.9 $360.62
12/31/202423,250,000 shares $6.73 billion -2.3%N/A0.8 $289.62
12/15/202423,790,000 shares $9.72 billion +4.0%N/A0.9 $408.67
11/30/202422,880,000 shares $8.87 billion -9.8%N/A0.9 $387.47
11/15/202425,360,000 shares $8.64 billion -10.5%N/A1.2 $340.65
10/31/202428,330,000 shares $6.93 billion -4.2%N/A1.9 $244.50
10/15/202429,580,000 shares $5.75 billion -3.7%N/A2.3 $194.31
9/30/202430,700,000 shares $5.18 billion +18.7%N/A2.5 $168.60
9/15/202425,860,000 shares $3.66 billion -2.9%N/A2.2 $141.47
8/31/202426,630,000 shares $3.53 billion +6.8%N/A2.3 $132.42
8/15/202424,940,000 shares $3.29 billion -0.8%N/A2 $131.93
7/31/202425,150,000 shares $4.06 billion +943.6%N/A1.9 $161.44
7/15/20242,410,000 shares $3.88 billion -12.4%N/A1.8 $1,611.28
6/30/20242,750,000 shares $3.79 billion -23.4%N/A2 $1,377.48
6/15/20243,590,000 shares $5.37 billion +6.9%N/A2.3 $1,495.54
5/31/20243,360,000 shares $5.12 billion -1.2%N/A1.7 $1,524.49
5/15/20243,400,000 shares $5.11 billion +2.4%N/A1.5 $1,503.47
4/30/20243,320,000 shares $3.54 billion -3.8%N/A1.4 $1,065.03
4/15/20243,450,000 shares $4.61 billion +1.5%N/A1.5 $1,335.88
3/31/20243,400,000 shares $5.80 billion +4.0%N/A1.5 $1,704.56
3/15/20243,270,000 shares $5.83 billion +13.2%N/A1.5 $1,782.36
2/29/20242,890,000 shares $2.96 billion -3.7%N/A1.7 $1,022.84
2/15/20243,000,000 shares $2.15 billion -1.3%N/A2.3 $718.00
1/31/20243,040,000 shares $1.52 billion -0.7%N/A2.5 $501.21
1/15/20243,060,000 shares $1.49 billion +6.3%N/A2.5 $485.53
12/31/20232,880,000 shares $1.82 billion +1.4%N/A2.7 $631.62
12/15/20232,840,000 shares $1.62 billion -0.4%N/A3.1 $570.41
11/30/20232,850,000 shares $1.42 billion -6.3%N/A3.5 $498.30
11/15/20233,040,000 shares $1.54 billion +1.3%N/A4.1 $505.95
10/31/20233,000,000 shares $1.27 billion +5.3%N/A4.6 $423.39
10/15/20232,850,000 shares $906.93 million +4.0%N/A4.9 $318.22
9/30/20232,740,000 shares $899.49 million +4.6%N/A4.5 $328.28
9/15/20232,620,000 shares $892.84 million -6.4%N/A3.8 $340.78
8/31/20232,800,000 shares $1.00 billion +8.5%N/A3.6 $357.53
8/15/20232,580,000 shares $970.47 million +0.8%N/A3.1 $376.15
7/31/20232,560,000 shares $1.12 billion -9.2%N/A2.9 $437.88
7/15/20232,820,000 shares $1.29 billion +0.7%N/A3 $458.86
6/30/20232,800,000 shares $958.78 million -1.8%N/A3 $342.42
6/15/20232,850,000 shares $792.07 million +1.1%N/A3.2 $277.92
5/31/20232,820,000 shares $850.60 million No ChangeN/A3.1 $301.63
5/15/20232,820,000 shares $796.65 million -6.0%N/A3.4 $282.50
4/30/20233,000,000 shares $985.14 million +4.2%N/A3.8 $328.38
4/15/20232,880,000 shares $961.20 million +0.4%N/A3.9 $333.75
3/31/20232,870,000 shares $838.96 million -11.4%N/A3.9 $292.32
3/15/20233,240,000 shares $737.26 million +0.3%N/A4.8 $227.55
2/28/20233,230,000 shares $847.13 million +1.3%N/A5.7 $262.27
2/15/20233,190,000 shares $951.90 million -0.6%N/A5.7 $298.40
1/31/20233,210,000 shares $808.05 million -8.0%N/A4.6 $251.73
1/15/20233,490,000 shares $757.23 million +2.4%N/A5.2 $216.97
12/30/20223,410,000 shares $482.75 million +0.6%N/A5.5 $141.57
12/15/20223,390,000 shares $637.32 million -8.1%N/A5.7 $188.00
11/30/20223,690,000 shares $730.95 million -2.4%N/A5.7 $198.09
11/15/20223,780,000 shares $648.38 million +15.2%N/A5.7 $171.53
10/31/20223,280,000 shares $877.43 million +2.2%N/A5.5 $267.51
10/15/20223,210,000 shares $671.89 million -3.9%N/A5.8 $209.31
9/30/20223,340,000 shares $708.95 million +3.4%N/A5.4 $212.26
9/15/20223,230,000 shares $700.72 million +1.9%N/A4.7 $216.94
8/31/20223,170,000 shares $734.05 million +3.6%N/A4.1 $231.56
8/15/20223,060,000 shares $1.07 billion -10.0%N/A3.8 $349.08
7/31/20223,400,000 shares $972.60 million -7.1%N/A3.2 $286.06
7/15/20223,660,000 shares $783.17 million +4.3%N/A3.6 $213.98
6/30/20223,510,000 shares $576.69 million +1.5%N/A3.7 $164.30
6/15/20223,460,000 shares $592.84 million +7.1%N/A3.9 $171.34
5/31/20223,230,000 shares $854.95 million -5.0%N/A4.5 $264.69
5/15/20223,400,000 shares $695.54 million +49.1%N/A5 $204.57
4/30/20222,280,000 shares $807.51 million +5.6%N/A4.8 $354.17
4/15/20222,160,000 shares $970.25 million -0.9%N/A4.5 $449.19
3/31/20222,180,000 shares $1.06 billion -1.4%N/A4.3 $486.32
3/15/20222,210,000 shares $875.47 million +2.8%N/A4.3 $396.14
2/28/20222,150,000 shares $952.45 million -0.5%N/A4.2 $443.00
2/15/20222,160,000 shares $944.44 million +3.4%N/A4.1 $437.24
1/31/20222,090,000 shares $769.14 million +22.9%N/A3.9 $368.01
1/15/20221,700,000 shares $849.25 million +5.6%N/A3.4 $499.56
12/31/20211,610,000 shares $876.63 million -10.1%N/A3.4 $544.49
12/15/20211,790,000 shares $1.07 billion +5.9%N/A3.6 $598.59
11/30/20211,690,000 shares $1.22 billion -0.6%N/A3.1 $721.43
11/15/20211,700,000 shares $1.35 billion -6.6%N/A2.9 $795.00
10/29/20211,820,000 shares $1.30 billion +1.1%N/A2.8 $715.06
10/15/20211,800,000 shares $1.35 billion +1.1%N/A2.6 $749.85
9/30/20211,780,000 shares $1.03 billion -14.8%24.7%2.3 $578.40
9/15/20212,090,000 shares $1.32 billion +11.2%N/A2.6 $633.00
8/31/20211,880,000 shares $1.31 billion -6.0%N/A2.1 $694.30
8/13/20212,000,000 shares $1.46 billion -2.4%N/A2.3 $728.00
7/30/20212,050,000 shares $1.28 billion -3.3%N/A2.3 $626.01
7/15/20212,120,000 shares $1.15 billion -0.9%N/A2.7 $541.04
6/30/20212,140,000 shares $1.42 billion +12.0%N/A2.7 $664.50
6/15/20211,910,000 shares $1.20 billion +7.3%N/A2.6 $630.54
5/28/20211,780,000 shares $836.60 million +12.0%N/A2.8 $470.00
5/14/20211,590,000 shares $776.05 million No Change20.4%2.4 $488.08
4/30/20211,590,000 shares $1.04 billion -7.6%20.4%2 $655.01
4/15/20211,720,000 shares $1.27 billion +11.7%22.1%2 $735.50
3/31/20211,540,000 shares $1.01 billion -1.9%20.2%1.6 $653.98
3/15/20211,570,000 shares $1.23 billion +6.8%20.6%1.5 $784.00
2/26/20211,470,000 shares $1.08 billion -3.9%19.3%1.4 $731.61
2/12/20211,530,000 shares $1.55 billion +2.7%20.1%1.5 $1,009.94
1/29/20211,490,000 shares $861.78 million +4.9%19.6%1.8 $578.38
1/15/20211,420,000 shares $896.02 million +10.9%19.6%2 $631.00
12/31/20201,280,000 shares $499.16 million +24.3%17.7%2.3 $389.97
12/15/20201,030,000 shares $287.92 million +150.7%14.2%2.8 $279.53
11/30/2020410,900 shares $111.46 million +45.4%5.7%1.5 $271.26
11/15/2020282,700 shares $54.35 million -5.7%3.9%1.7 $192.27
10/30/2020299,800 shares $48.56 million +5.3%4.1%2.1 $161.96

MSTR Short Interest - Frequently Asked Questions

What is Strategy's current short interest?

Short interest is the volume of Strategy shares that have been sold short but have not yet been closed out or covered. As of September 30th, investors have sold 25,350,000 shares of MSTR short. Learn More on Strategy's current short interest.

What is a good short interest ratio for Strategy?

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. MSTR shares currently have a short interest ratio of 2.0. Learn More on Strategy's short interest ratio.

Which institutional investors are shorting Strategy?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Strategy: Mirae Asset Securities USA Inc., Portman Square Capital LLP, Vontobel Holding Ltd., Valeo Financial Advisors LLC, Marex Group plc, Hudson Bay Capital Management LP, Wolverine Trading LLC, Nomura Holdings Inc., CTC LLC, Sculptor Capital LP, Tidal Investments LLC, Man Group plc, LMR Partners LLP, Hudson Bay Capital Management LP, Group One Trading LLC, Cubist Systematic Strategies LLC, Balyasny Asset Management L.P., Bank of America Corp DE, 683 Capital Management LLC, AQR Arbitrage LLC, Jane Street Group LLC, Shaolin Capital Management LLC, Volterra Technologies LP, DeepCurrents Investment Group LLC, RBF Capital LLC, Dymon Asia Capital Singapore PTE. LTD., Qube Research & Technologies Ltd, Hunting Hill Global Capital LLC, Maven Securities LTD, Natixis, Clear Street Derivatives LLC, CMT Capital Markets Trading GmbH, Clear Street LLC, Capula Management Ltd, Walleye Capital LLC, Royal Fund Management LLC, Walleye Trading LLC, HBK Investments L P, Lido Advisors LLC, Capital Fund Management S.A., Alpine Investment Management Ltd, Teilinger Capital Ltd., Eisler Capital Management Ltd., JPMorgan Chase & Co., Greenland Capital Management LP, Itau Unibanco Holding S.A., SG Americas Securities LLC, Simplify Asset Management Inc., Garda Capital Partners LP, Marathon Trading Investment Management LLC, Compass Rose Asset Management LP, Mirae Asset Securities USA Inc., Bank of Montreal Can, Wolverine Asset Management LLC, Belvedere Trading LLC, Portman Square Capital LLP, and Twin Tree Management LP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is Strategy's short interest increasing or decreasing?

Strategy saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 25,350,000 shares, an increase of 19.7% from the previous total of 21,170,000 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 Strategy's short interest compare to its competitors?

Here is how the short interest of companies compare to Strategy: Cleanspark, Inc. (20.20%), Coinbase Global, Inc. (6.48%), Robinhood Markets, Inc. (7.09%), Marathon Digital Holdings, Inc. (27.31%), PayPal Holdings, Inc. (3.63%), Riot Platforms, Inc. (17.93%), Tesla, Inc. (2.31%), Shoulder Innovations, Inc. (6.99%), Salesforce Inc. (1.88%), Intuit Inc. (1.67%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Corporation ($15.71 billion), Robinhood Markets, Inc. ($7.56 billion), Reddit Inc. ($4.55 billion), Coinbase Global, Inc. ($4.53 billion), CoreWeave Inc. ($4.43 billion), Charter Communications, Inc. ($4.07 billion), Seagate Technology Holdings PLC ($3.94 billion), IonQ, Inc. ($3.78 billion), TC Energy Corporation ($3.13 billion), and Live Nation Entertainment, Inc. ($3.12 billion). View all of the most shorted stocks.

What does it mean to sell short Strategy stock?

Short selling MSTR is an investing strategy that aims to generate trading profit from Strategy as its price is falling. MSTR shares are trading up $4.16 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 Strategy?

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

How often is Strategy'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 MSTR, twice per month. The most recent reporting period available is September, 30 2025.



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This page (NASDAQ:MSTR) was last updated on 10/25/2025 by MarketBeat.com Staff
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