ServiceNow Short Interest Ratio and Short Volume

ServiceNow (NYSE: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 closed out or covered. As of September 30th, traders have sold 3,320,000 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. ServiceNow currently has a short interest ratio of 3.0. Learn More on a good short interest ratio for ServiceNow

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: Clear Street Markets LLC, SpiderRock Advisors LLC, XR Securities LLC, Bank of America Corp DE, Pathstone Family Office LLC, Walleye Trading LLC, Millennium Management LLC, Marathon Trading Investment Management LLC, Pathstone Family Office LLC, Parallax Volatility Advisers L.P., Caas Capital Management LP, Citadel Advisors LLC, Squarepoint Ops LLC, Bank of America Corp DE, SG3 Management LLC, Royal Bank of Canada, Credit Suisse AG, Maven Securities LTD, Capula Management Ltd, Goldman Sachs Group Inc., Allianz Asset Management GmbH, PEAK6 Investments LLC, Laurion Capital Management LP, SpiderRock Advisors LLC, Lido Advisors LLC, SG Americas Securities LLC, JPMorgan Chase & Co., Twin Tree Management LP, Simplex Trading LLC, HAP Trading LLC, Susquehanna International Group LLP, BNP Paribas Arbitrage SA, Wolverine Trading LLC, IMC Chicago LLC, Avestar Capital LLC, Clear Street Markets LLC, Cutler Group LP, MUFG Securities EMEA plc, and XR Securities LLC. 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 decline in short interest in September. As of September 30th, there was short interest totaling 3,320,000 shares, a decline of 2.9% from the previous total of 3,420,000 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?

0.00% of ServiceNow's shares are currently sold short. Here is how the short interest of companies in the sub-industry of "systems software" compare to ServiceNow: Microsoft Co. (0.64%), Oracle Co. (1.75%), VMware, Inc. (20.37%), Fortinet, Inc. (1.56%), Axon Enterprise, Inc. (1.78%), C3.ai, Inc. (18.96%), Qualys, Inc. (11.38%), Commvault Systems, Inc. (2.50%), Progress Software Co. (5.38%), and FalconStor Software, Inc. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($7.35 billion), Advanced Micro Devices, Inc. ($6.43 billion), Charter Communications, Inc. ($5.68 billion), Wayfair Inc. ($4.48 billion), Uber Technologies, Inc. ($3.77 billion), Canadian Pacific Railway Limited ($3.73 billion), Palo Alto Networks, Inc. ($3.10 billion), Zoom Video Communications, Inc. ($2.87 billion), Match Group, Inc. ($2.83 billion), and DoorDash, Inc. ($2.54 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. ServiceNow's stock is trading up $0.31 today. To short ServiceNow 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 ServiceNow 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 September, 30 2021.