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Nuveen Churchill Direct Lending (NCDL) Short Interest Ratio & Short Volume

Nuveen Churchill Direct Lending logo
$12.14 +0.07 (+0.54%)
Closing price 09/11/2026 03:58 PM Eastern
Extended Trading
$12.14 +0.01 (+0.04%)
As of 09/11/2026 07:30 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 Massive. Learn more.

Nuveen Churchill Direct Lending Short Interest Overview

As of August 31, 2026, Nuveen Churchill Direct Lending (NCDL) had a short interest of 520,339 shares sold short, representing 1.06% of the public float. This marks a -6.90% decrease in short interest since the prior report. The short interest ratio (days to cover) is 3.8, meaning it would take 3.8 days of the average trading volume of 142,878 shares to cover all short positions.

Current Short Interest
520,339 shares
Previous Short Interest
558,891 shares
Change Vs. Previous Month
-6.90%
Dollar Volume Sold Short
$6.50 million
Short Interest Ratio
3.8 Days to Cover
Last Record Date
August 31, 2026
Outstanding Shares
49,390,000 shares
Short Percent of Float
1.06%
Today's Trading Volume
105,023 shares
Average Trading Volume
142,878 shares
Today's Volume Vs. Average
74%
Short Selling Nuveen Churchill Direct Lending?
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Skip Charts & View Short Interest History

NCDL Short Interest Over Time

NCDL Days to Cover Over Time

NCDL Percentage of Float Shorted Over Time

Nuveen Churchill Direct Lending Tesla Short Interest History & Recent Changes

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
8/31/2026520,339 shares $6.50 million -6.9%1.1%3.82 $12.50
8/14/2026558,891 shares $6.96 million -6.6%1.1%3.87 $12.45
7/31/2026598,487 shares $7.23 million -28.0%1.2%2.59 $12.09
7/15/2026831,623 shares $10.65 million -18.7%1.7%7.39 $12.81
6/30/20261,022,863 shares $12.73 million +76.1%2.1%3.53 $12.45
6/15/2026580,918 shares $7.17 million +17.1%1.2%3.06 $12.35
5/29/2026495,929 shares $6.48 million -6.7%1.0%2.31 $13.07
5/15/2026531,245 shares $7.04 million -15.2%1.1%2.6 $13.26
4/30/2026626,523 shares $9.18 million -4.5%1.3%3.68 $14.65
4/15/2026655,810 shares $9.49 million -25.1%1.3%2.62 $14.47
3/31/2026875,217 shares $11.14 million +21.4%1.8%3.5 $12.73
3/13/2026720,773 shares $9.53 million +19.1%1.5%2.94 $13.22
2/27/2026605,150 shares $7.79 million +0.5%1.2%1.55 $12.88
2/13/2026602,298 shares $8.50 million +8.4%1.2%2.33 $14.11
1/30/2026555,724 shares $7.51 million +17.8%1.1%2.35 $13.51
1/15/2026471,830 shares $6.51 million -38.2%1.0%1.87 $13.80
12/31/2025762,848 shares $10.16 million +101.9%1.6%1.57 $13.32
12/15/2025377,812 shares $5.51 million -29.3%0.8%1.56 $14.60
11/28/2025534,367 shares $7.92 million -2.5%1.1%2.88 $14.82
11/14/2025547,770 shares $7.90 million +32.6%1.1%1.98 $14.42
10/31/2025413,133 shares $5.97 million -9.3%0.8%1.79 $14.45
10/15/2025455,300 shares $6.32 million -20.7%1.1%2.2 $13.87
9/30/2025574,300 shares $7.92 million +24.6%1.3%3 $13.79
9/15/2025460,800 shares $6.85 million -4.1%1.1%2.8 $14.86
8/31/2025480,700 shares $7.66 million -6.5%1.1%2.7 $15.94
8/15/2025513,900 shares $8.26 million -3.0%1.3%2.8 $16.07
7/31/2025529,700 shares $8.65 million +8.8%1.4%2.6 $16.33
7/15/2025487,000 shares $8.20 million -31.8%1.2%2.2 $16.84
6/30/2025714,500 shares $11.58 million +140.3%1.8%2.8 $16.21
6/15/2025297,300 shares $4.81 million +6.9%0.7%1.1 $16.18
5/31/2025278,200 shares $4.52 million +5.3%0.7%1.1 $16.25
5/15/2025264,100 shares $4.13 million +3.7%0.7%0.9 $15.65
4/30/2025254,800 shares $4.02 million +40.2%0.6%0.9 $15.76
4/15/2025181,700 shares $2.73 million -10.3%0.4%0.6 $15.04
3/31/2025202,600 shares $3.44 million +33.4%0.5%0.7 $16.99
3/15/2025151,900 shares $2.63 million +17.4%0.4%0.5 $17.33
2/28/2025129,400 shares $2.27 million +12.4%0.3%0.4 $17.57
2/15/2025115,100 shares $2.01 million +48.9%0.3%0.4 $17.50
1/31/202577,300 shares $1.33 million +10.0%0.2%0.3 $17.24
1/15/202570,300 shares $1.15 million +115.0%0.2%0.3 $16.32
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12/31/202432,700 shares $548.71 thousand -3.8%0.1%0.1 $16.78
12/15/202434,000 shares $588.54 thousand +385.7%0.1%0.2 $17.31
11/30/20247,000 shares $121.10 thousand -75.2%0.0%0 $17.30
11/15/202428,200 shares $479.96 thousand +1.8%0.1%0.3 $17.02
10/31/202427,700 shares $465.08 thousand +43.5%0.1%0.3 $16.79
10/15/202419,300 shares $337.94 thousand -13.5%0.1%0.3 $17.51
9/30/202422,300 shares $388.47 thousand +38.5%0.1%0.4 $17.42
9/15/202416,100 shares $287.39 thousand +5.2%0.1%0.3 $17.85
8/31/202415,300 shares $272.03 thousand -41.2%0.0%0.3 $17.78
8/15/202426,000 shares $445.90 thousand -29.5%0.1%0.5 $17.15
7/31/202436,900 shares $635.05 thousand +190.6%0.1%0.7 $17.21
7/15/202412,700 shares $225.55 thousand No Change0.0%0.3 $17.76

NCDL Short Interest - Frequently Asked Questions

Short interest is the volume of Nuveen Churchill Direct Lending shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 520,339 shares of NCDL short. 1.06% of Nuveen Churchill Direct Lending's shares are currently sold short. Learn More on Nuveen Churchill Direct Lending'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. NCDL shares currently have a short interest ratio of 3.8. Learn More on Nuveen Churchill Direct Lending's short interest ratio.

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. 1.06% of Nuveen Churchill Direct Lending's floating shares are currently sold short.

Nuveen Churchill Direct Lending saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 520,339 shares, a drop of 6.9% from the previous total of 558,891 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.

1.06% of Nuveen Churchill Direct Lending's shares are currently sold short. Here is how the short interest of companies in the industry of "asset management & custody banks" compare to Nuveen Churchill Direct Lending: Ares Capital Corporation (5.77%), Crescent Capital BDC, Inc. (1.80%), Carlyle Secured Lending, Inc. (4.44%), New Mountain Finance Corporation (3.72%), Bain Capital Specialty Finance, Inc. (2.32%), Blackstone Secured Lending Fund (4.75%), Goldman Sachs BDC, Inc. (5.67%), Kayne Anderson BDC, Inc. (0.96%), Blue Owl Capital Corporation (4.12%), PennantPark Floating Rate Capital Ltd. (3.89%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($62.68 billion), Invesco QQQ ($47.06 billion), iShares Russell 2000 ETF ($23.54 billion), SPDR S&P Biotech ETF ($12.10 billion), Nebius Group N.V. ($9.34 billion), Western Digital Corporation ($8.96 billion), Financial Select Sector SPDR Fund ($8.16 billion), iShares 20+ Year Treasury Bond ETF ($7.98 billion), iShares iBoxx $ High Yield Corporate Bond ETF ($7.52 billion), and VanEck Semiconductor ETF ($7.39 billion). View all of the most shorted stocks.

Short selling NCDL is an investing strategy that aims to generate trading profit from Nuveen Churchill Direct Lending as its price is falling. NCDL shares are trading up $0.07 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 Nuveen Churchill Direct Lending 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 NCDL, 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 NCDL, twice per month. The most recent reporting period available is August, 31 2026.

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

  • 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.



Short interest data for NYSE:NCDL is sourced from the Financial Industry Regulatory Authority (FINRA), with the most recent report published on 9/10/2026. FINRA publishes updated short interest twice a month.
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