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Shopify (SHOP) Short Interest Ratio & Short Volume

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$102.75 -7.66 (-6.94%)
As of 02:34 PM Eastern
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Shopify Short Interest Overview

As of April 15, 2026, Shopify (SHOP) had a short interest of 21.74 million shares sold short, representing 1.67% of the public float. This marks a 30.28% increase in short interest since the prior report. The short interest ratio (days to cover) is 2.7, meaning it would take 2.7 days of the average trading volume of 11.25 million shares to cover all short positions.

Current Short Interest
21,740,318 shares
Previous Short Interest
16,687,530 shares
Change Vs. Previous Month
30.28%
Dollar Volume Sold Short
$2.77 billion
Short Interest Ratio
2.7 Days to Cover
Last Record Date
April 15, 2026
Outstanding Shares
1,304,111,000 shares
Short Percent of Float
1.67%
Today's Trading Volume
11,756,971 shares
Average Trading Volume
11,245,105 shares
Today's Volume Vs. Average
105%
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Short Interest ChartDays to Cover ChartShort Percent of Float Chart

SHOP Short Interest Over Time

SHOP Days to Cover Over Time

SHOP Percentage of Float Shorted Over Time

Shopify Tesla Short Interest History & Recent Changes

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Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/202621,740,318 shares $2.77 billion +30.3%1.7%2.74 $127.41
3/31/202616,687,530 shares $1.98 billion -8.1%1.3%2.05 $118.62
3/13/202618,160,764 shares $2.23 billion +10.6%1.4%1.89 $122.96
2/27/202616,415,184 shares $1.98 billion +13.4%1.3%1.4 $120.73
2/13/202614,473,822 shares $1.63 billion +68.2%1.1%0.61 $112.70
1/30/20268,607,150 shares $1.13 billion -27.0%0.7%0.83 $131.23
1/15/202611,795,858 shares $1.86 billion -22.4%0.9%2.09 $157.99
12/31/202515,203,959 shares $2.45 billion -14.0%1.2%2.72 $160.97
12/15/202517,686,101 shares $2.83 billion +1.6%1.4%2.73 $159.85
11/28/202517,404,782 shares $2.76 billion +4.9%1.3%1.86 $158.64
11/14/202516,719,389 shares $2.44 billion -12.5%1.3%1.63 $146.04
10/31/202519,115,214 shares $3.32 billion -8.9%1.5%2.36 $173.86
10/15/202520,990,000 shares $3.28 billion -2.4%1.7%2.7 $156.21
9/30/202521,500,000 shares $3.20 billion +3.1%1.8%2.7 $148.67
9/15/202520,860,000 shares $3.08 billion +12.6%1.7%2.8 $147.89
8/31/202518,530,000 shares $2.62 billion -10.8%1.5%2.4 $141.28
8/15/202520,770,000 shares $2.94 billion -8.4%1.7%2.5 $141.47
7/31/202522,680,000 shares $2.77 billion -14.0%1.9%2 $122.21
7/15/202526,380,000 shares $3.04 billion -0.2%2.2%2.4 $115.05
6/30/202526,440,000 shares $3.05 billion -5.6%2.2%2.2 $115.35
6/15/202528,010,000 shares $2.95 billion +3.0%2.3%2.2 $105.34
5/31/202527,200,000 shares $2.86 billion +45.4%2.3%2.1 $104.97
5/15/202518,710,000 shares $2.06 billion -12.2%1.6%1.4 $110.21
4/30/202521,320,000 shares $2.03 billion -2.3%1.8%1.8 $95.00
4/15/202521,830,000 shares $1.83 billion +34.2%1.8%2 $83.91
3/31/202516,270,000 shares $1.55 billion +7.4%1.3%1.6 $95.48
3/15/202515,150,000 shares $1.44 billion -4.7%1.3%1.9 $94.88
2/28/202515,890,000 shares $1.78 billion +3.2%1.3%2 $111.97
2/15/202515,400,000 shares $1.98 billion +16.9%1.3%2.1 $128.36
1/31/202513,170,000 shares $1.54 billion -22.0%1.1%1.5 $116.70
1/15/202516,890,000 shares $1.76 billion +4.4%1.4%2.3 $104.31
12/31/202416,180,000 shares $1.72 billion -2.7%1.3%2.2 $106.33
12/15/202416,620,000 shares $1.91 billion +7.8%1.4%2.3 $114.63
11/30/202415,420,000 shares $1.78 billion -9.7%1.3%2.1 $115.60
11/15/202417,070,000 shares $1.85 billion -20.3%1.4%2.4 $108.48
10/31/202421,420,000 shares $1.68 billion -0.9%1.8%3.7 $78.20
10/15/202421,620,000 shares $1.77 billion +3.3%1.8%2.9 $81.94
9/30/202420,940,000 shares $1.68 billion -2.2%1.7%2.6 $80.15
9/15/202421,420,000 shares $1.55 billion -0.9%1.8%2.5 $72.45
8/31/202421,610,000 shares $1.60 billion +0.6%1.8%2.4 $74.07
8/15/202421,490,000 shares $1.61 billion +13.7%1.8%2.1 $74.86
7/31/202418,900,000 shares $1.16 billion +0.4%1.6%1.6 $61.20
7/15/202418,830,000 shares $1.21 billion -4.6%1.6%1.8 $64.23
6/30/202419,730,000 shares $1.30 billion -13.7%1.6%1.9 $66.05
6/15/202422,870,000 shares $1.55 billion +16.2%1.9%2.2 $67.66
5/31/202419,680,000 shares $1.16 billion -0.9%1.6%2 $59.15
5/15/202419,860,000 shares $1.17 billion +24.3%1.7%2.1 $58.77
4/30/202415,980,000 shares $1.12 billion -2.1%1.3%1.6 $70.19
4/15/202416,330,000 shares $1.12 billion -3.8%1.4%1.8 $68.55
3/31/202416,970,000 shares $1.31 billion -6.4%1.4%1.8 $77.17
3/15/202418,130,000 shares $1.40 billion -4.9%1.5%1.9 $77.15
2/29/202419,060,000 shares $1.46 billion -13.6%1.6%1.9 $76.37
2/15/202422,050,000 shares $1.85 billion -14.1%1.8%2 $84.02
1/31/202425,680,000 shares $2.06 billion -1.0%2.5%2.5 $80.07
1/15/202425,930,000 shares $2.11 billion -5.6%2.6%2.3 $81.40
12/31/202327,480,000 shares $2.14 billion +2.8%2.4%2.4 $77.90
12/15/202326,720,000 shares $2.05 billion +2.3%2.3%2.3 $76.89
11/30/202326,110,000 shares $1.90 billion -0.4%2.3%2.3 $72.82
11/15/202326,220,000 shares $1.78 billion +6.8%2.3%2.3 $67.86
10/31/202324,560,000 shares $1.16 billion -9.8%2.1%2.2 $47.20
10/15/202327,240,000 shares $1.40 billion -3.3%2.4%2.5 $51.55
9/30/202328,180,000 shares $1.54 billion +5.4%2.4%2.5 $54.57
9/15/202326,730,000 shares $1.67 billion +3.8%2.3%2.4 $62.42
8/31/202325,760,000 shares $1.71 billion +7.0%2.2%2.2 $66.47
8/15/202324,080,000 shares $1.33 billion +13.1%2.1%1.9 $55.34
7/31/202321,290,000 shares $1.44 billion -26.2%1.8%1.5 $67.58
7/15/202328,850,000 shares $1.97 billion +1.7%2.5%1.9 $68.45
6/30/202328,360,000 shares $1.83 billion -21.5%2.5%1.9 $64.60
6/15/202336,140,000 shares $2.39 billion -5.8%3.1%2.3 $66.12
5/31/202338,350,000 shares $2.19 billion -0.6%3.3%2.4 $57.18
5/15/202338,590,000 shares $2.38 billion +7.1%3.4%2.3 $61.58
4/30/202336,020,000 shares $1.75 billion +2.1%3.2%2 $48.45
4/15/202335,270,000 shares $1.64 billion -2.7%3.1%1.9 $46.39
3/31/202336,250,000 shares $1.74 billion -5.6%3.2%1.9 $47.94
3/15/202338,400,000 shares $1.67 billion -16.3%3.4%1.9 $43.54
2/28/202345,890,000 shares $1.89 billion +7.8%4.1%2.2 $41.14
2/15/202342,590,000 shares $2.27 billion -7.7%3.8%2 $53.39
1/31/202346,120,000 shares $2.27 billion +20.1%4.9%2.2 $49.27
1/15/202338,400,000 shares $1.49 billion +13.8%4.1%1.7 $38.89
12/30/202233,740,000 shares $1.17 billion -6.4%3.6%1.4 $34.71
12/15/202236,030,000 shares $1.31 billion +1.1%3.8%1.4 $36.39
11/30/202235,630,000 shares $1.46 billion -1.8%3.8%1.3 $40.88
11/15/202236,280,000 shares $1.45 billion -13.0%3.8%1.3 $40.02
10/31/202241,710,000 shares $1.43 billion +0.5%4.4%1.4 $34.23
10/15/202241,490,000 shares $1.08 billion -15.1%4.4%1.4 $26.06
9/30/202248,880,000 shares $1.32 billion -3.5%5.2%1.6 $26.94
9/15/202250,670,000 shares $1.72 billion +2.8%4.5%1.6 $33.85
8/31/202249,280,000 shares $1.56 billion +8.3%N/A1.5 $31.65
8/15/202245,490,000 shares $1.81 billion -21.5%N/A1.3 $39.84
7/31/202257,950,000 shares $2.02 billion +3.3%N/A1.4 $34.83
7/15/202256,100,000 shares $1.75 billion +33.5%N/A1.3 $31.27
6/30/20224,201,000 shares $131.24 million -22.3%N/A1 $31.24
6/15/20225,260,000 shares $171.49 million -2.2%4.6%1.2 $32.60
5/31/20225,380,000 shares $2.02 billion -1.5%4.7%1.3 $375.12
5/15/20225,460,000 shares $2.20 billion +5.8%4.8%1.4 $402.48
4/30/20225,160,000 shares $2.20 billion +17.5%4.5%1.5 $426.82
4/15/20224,390,000 shares $2.54 billion +8.4%3.9%1.4 $579.51
3/31/20224,050,000 shares $2.74 billion +15.4%3.6%1.4 $675.96
3/15/20223,510,000 shares $1.94 billion +50.0%3.1%1.3 $553.43
2/28/20222,340,000 shares $1.62 billion -6.0%2.1%1 $694.26
2/15/20222,490,000 shares $2.21 billion +4.2%2.2%1.2 $889.50
1/31/20222,390,000 shares $2.30 billion +8.1%2.1%1.4 $964.24
1/15/20222,210,000 shares $2.44 billion +0.9%2.0%1.5 $1,102.91
12/31/20212,190,000 shares $3.02 billion +15.3%1.9%2 $1,377.39
12/15/20211,900,000 shares $2.60 billion +1.6%1.7%1.8 $1,368.08
11/30/20211,870,000 shares $2.85 billion +3.3%1.7%1.9 $1,521.79
11/15/20211,810,000 shares $3.00 billion -17.0%1.6%1.9 $1,656.50
10/29/20212,180,000 shares $3.20 billion +16.0%1.9%2.4 $1,466.73
10/15/20211,880,000 shares $2.68 billion +13.9%1.7%2.1 $1,424.58
9/30/20211,650,000 shares $2.24 billion +1.9%1.5%1.7 $1,355.78
9/15/20211,620,000 shares $2.39 billion -8.0%1.4%1.5 $1,474.94
8/31/20211,760,000 shares $2.68 billion +3.5%1.6%1.4 $1,524.78
8/13/20211,700,000 shares $2.55 billion No Change1.5%1.3 $1,498.00
7/15/20211,700,000 shares $2.45 billion +0.6%1.5%1.1 $1,441.50
6/30/20211,690,000 shares $2.47 billion -2.3%1.5%1.2 $1,460.98
6/15/20211,730,000 shares $2.29 billion -3.9%1.5%1.2 $1,321.08
5/28/20211,800,000 shares $2.24 billion +1.7%1.6%1.4 $1,242.87
5/14/20211,770,000 shares $1.85 billion +29.2%N/A1.2 $1,047.77

SHOP Short Interest - Frequently Asked Questions

Short interest is the volume of Shopify shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 21,740,318 shares of SHOP short. 1.67% of Shopify's shares are currently sold short. Learn More on Shopify'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. SHOP shares currently have a short interest ratio of 2.7. Learn More on Shopify's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Shopify: Hsbc Holdings PLC, PEAK6 LLC, Capital Markets Trading UK LLP, CTC LLC, Toronto Dominion Bank, Tudor Investment Corp ET AL, Saba Capital Management L.P., Millennium Management LLC, Man Group plc, Caption Management LLC, Citadel Advisors LLC, Balyasny Asset Management L.P., Alphadyne Asset Management LP, Laurion Capital Management LP, Susquehanna Advisors Group Inc., National Bank of Canada FI, Royal Bank of Canada, Squarepoint Ops LLC, Sculptor Capital LP, Verition Fund Management LLC, Walleye Trading LLC, PEAK6 LLC, Maven Securities LTD, Barclays PLC, Marshall Wace LLP, Walleye Capital LLC, Hudson Bay Capital Management LP, Oribel Capital Management LP, Wells Fargo & Company MN, Jane Street Group LLC, Capital Markets Trading UK LLP, CMT Capital Markets Trading GmbH, Marex Group plc, Bank of Montreal Can, XY Capital Ltd, Group One Trading LLC, Simplex Trading LLC, LPL Financial LLC, Franklin Resources Inc., JPMorgan Chase & Co., Twin Tree Management LP, Cibc World Market Inc., Lido Advisors LLC, Goldman Sachs Group Inc., and BNP Paribas Financial Markets. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

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. 1.67% of Shopify's floating shares are currently sold short.

Shopify saw a increase in short interest in April. As of April 15th, there was short interest totaling 21,740,318 shares, an increase of 30.3% from the previous total of 16,687,530 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.

1.67% of Shopify's shares are currently sold short. Here is how the short interest of companies in the industry of "computer software" compare to Shopify: Palantir Technologies Inc. (2.45%), SAP SE (0.66%), AppLovin Corporation (4.28%), CrowdStrike (2.84%), Cloudflare, Inc. (2.72%), NetEase, Inc. (0.77%), CoreWeave Inc. (14.60%), Datadog, Inc. (3.87%), Electronic Arts Inc. (4.25%), Snowflake Inc. (5.59%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($87.50 billion), Invesco QQQ ($42.26 billion), iShares Russell 2000 ETF ($24.79 billion), Salesforce Inc. ($13.16 billion), SPDR S&P Biotech ETF ($10.01 billion), Western Digital Corporation ($9.77 billion), Sandisk Corporation ($8.69 billion), iShares 20+ Year Treasury Bond ETF ($8.06 billion), CoreWeave Inc. ($7.67 billion), and iShares iBoxx $ High Yield Corporate Bond ETF ($7.64 billion). View all of the most shorted stocks.

Short selling SHOP is an investing strategy that aims to generate trading profit from Shopify as its price is falling. SHOP shares are trading down $0.41 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 Shopify 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 SHOP, 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 SHOP, twice per month. The most recent reporting period available is April, 15 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like SHOP:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.


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This page (NASDAQ:SHOP) was last updated on 5/11/2026 by MarketBeat.com Staff.
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