ServiceNow (NOW) Short Interest Ratio & Short Volume

$765.05
+7.04 (+0.93%)
(As of 05/17/2024 ET)

ServiceNow Short Interest Data

Current Short Volume
2,360,000 shares
Previous Short Volume
2,590,000 shares
Change Vs. Previous Month
-8.88%
Dollar Volume Sold Short
$1.64 billion
Short Interest Ratio / Days to Cover
2.0
Last Record Date
April 30, 2024
Outstanding Shares
205,000,000 shares
Percentage of Shares Shorted
1.15%
Today's Trading Volume
887,753 shares
Average Trading Volume
1,388,393 shares
Today's Volume Vs. Average
64%
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NOW Short Interest Over Time

NOW Days to Cover Over Time

NOW Percentage of Float Shorted Over Time

ServiceNow Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/30/20242,360,000 shares $1.64 billion -8.9%N/A2 $693.33
4/15/20242,590,000 shares $1.91 billion -12.2%N/A2.1 $735.53
3/31/20242,950,000 shares $2.25 billion -9.0%N/A2.4 $762.40
3/15/20243,240,000 shares $2.41 billion +6.9%N/A2.7 $743.06
2/29/20243,030,000 shares $2.34 billion -6.8%N/A2.5 $770.64
2/15/20243,250,000 shares $2.54 billion +5.9%N/A2.8 $780.00
1/31/20243,070,000 shares $2.35 billion +7.7%N/A2.6 $765.40
1/15/20242,850,000 shares $2.08 billion -2.1%N/A2.4 $729.18
12/31/20232,910,000 shares $2.06 billion -11.8%N/A2.5 $706.49
12/15/20233,300,000 shares $2.30 billion +14.2%N/A2.7 $698.21
11/30/20232,890,000 shares $1.98 billion -5.9%N/A2.5 $685.74
11/15/20233,070,000 shares $2.00 billion +15.4%N/A2.8 $650.90
10/31/20232,660,000 shares $1.55 billion +7.7%N/A2.4 $581.85
10/15/20232,470,000 shares $1.36 billion +4.2%N/A2.3 $549.66
9/30/20232,370,000 shares $1.32 billion -10.6%N/A2.2 $558.96
9/15/20232,650,000 shares $1.54 billion +6.0%N/A2.5 $579.58
8/31/20232,500,000 shares $1.47 billion -3.9%N/A2.2 $588.83
8/15/20232,600,000 shares $1.45 billion -3.4%N/A2 $559.60
7/31/20232,690,000 shares $1.57 billion -13.8%N/A1.9 $583.00
7/15/20233,120,000 shares $1.81 billion -17.2%N/A2.1 $580.38
6/30/20233,770,000 shares $2.12 billion -9.4%N/A2.4 $561.97
6/15/20234,160,000 shares $2.39 billion +2.2%N/A2.6 $574.37
5/31/20234,070,000 shares $2.22 billion +8.8%N/A2.5 $544.78
5/15/20233,740,000 shares $1.73 billion +3.0%N/A2.4 $463.14
4/30/20233,630,000 shares $1.67 billion -4.0%N/A2.4 $459.42
4/15/20233,780,000 shares $1.75 billion -5.3%N/A2.4 $463.03
3/31/20233,990,000 shares $1.85 billion +17.7%N/A2.5 $464.72
3/15/20233,390,000 shares $1.43 billion -2.3%N/A2.2 $422.26
2/28/20233,470,000 shares $1.50 billion -2.0%N/A2.2 $432.17
2/15/20233,540,000 shares $1.64 billion +2.9%N/A2.3 $463.91
1/31/20233,440,000 shares $1.57 billion +18.6%N/A2.1 $455.13
1/15/20232,900,000 shares $1.20 billion -15.5%N/A1.8 $414.89
12/30/20223,430,000 shares $1.33 billion -2.8%N/A2.1 $388.27
12/15/20223,530,000 shares $1.41 billion +10.3%N/A2 $400.64
11/30/20223,200,000 shares $1.33 billion +2.6%N/A1.8 $416.30
11/15/20223,120,000 shares $1.31 billion -7.7%N/A1.8 $419.48
10/31/20223,380,000 shares $1.42 billion -0.9%N/A2 $420.74
10/15/20223,410,000 shares $1.17 billion +4.6%N/A2 $341.76
9/30/20223,260,000 shares $1.23 billion -9.4%N/A1.9 $377.61
9/15/20223,600,000 shares $1.57 billion +2.0%N/A2.2 $435.55
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NOW Short Interest - Frequently Asked Questions

What is ServiceNow's current short interest?

Short interest is the volume of ServiceNow shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 2,360,000 shares of NOW short. Learn More on ServiceNow's current short interest.

What is a good short interest ratio for ServiceNow?

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. NOW shares currently have a short interest ratio of 2.0. Learn More on ServiceNow's short interest ratio.

Which institutional investors are shorting ServiceNow?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of ServiceNow: Walleye Trading LLC, BlueCrest Capital Management Ltd, PEAK6 Investments LLC, National Bank of Canada FI, JPMorgan Chase & Co., Mizuho Markets Cayman LP, Anthracite Investment Company Inc., Twin Tree Management LP, XR Securities LLC, BNP Paribas Financial Markets, Concourse Financial Group Securities Inc., Mission Wealth Management LP, SpiderRock Advisors LLC, Caas Capital Management LP, Covenant Asset Management LLC, Portman Square Capital LLP, Nomura Holdings Inc., and Readystate Asset Management LP. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Is ServiceNow's short interest increasing or decreasing?

ServiceNow saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,360,000 shares, a decrease of 8.9% from the previous total of 2,590,000 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 ServiceNow's short interest compare to its competitors?

Here is how the short interest of companies in the sector of "computer and technology" compare to ServiceNow: Oracle Co. (0.98%), Intuit Inc. (1.24%), Synopsys, Inc. (2.32%), Adobe Inc. (1.54%), CrowdStrike Holdings, Inc. (2.93%), Cadence Design Systems, Inc. (1.04%), Shopify Inc. (1.33%), NetEase, Inc. (0.86%), Snowflake Inc. (2.91%), Atlassian Co. (1.19%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

What does it mean to sell short ServiceNow stock?

Short selling NOW is an investing strategy that aims to generate trading profit from ServiceNow as its price is falling. NOW shares are trading up $7.04 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 ServiceNow?

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

How often is ServiceNow'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 NOW, twice per month. The most recent reporting period available is April, 30 2024.



More Short Interest Resources from MarketBeat

This page (NYSE:NOW) was last updated on 5/19/2024 by MarketBeat.com Staff

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