Snowflake (SNOW) Short Interest Ratio & Short Volume

Short interest is the volume of Snowflake shares that have been sold short but have not yet been closed out or covered. As of May 15th, investors have sold 12,830,000 shares of SNOW short. 4.61% of Snowflake's shares are currently sold short. Learn More on Snowflake'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. SNOW shares currently have a short interest ratio of 2.0. Learn More on Snowflake's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Snowflake: CTC LLC, JPMorgan Chase & Co., CMT Capital Markets Trading GmbH, Susquehanna International Group LLP, Jane Street Group LLC, Squarepoint Ops LLC, Balyasny Asset Management L.P., Cubist Systematic Strategies LLC, Capital Markets Trading UK LLP, Lido Advisors LLC, Two Sigma Securities LLC, Eisler Capital US LLC, Group One Trading L.P., PEAK6 Investments LLC, Bank of America Corp DE, UBS Group AG, Optiver Holding B.V., Twin Tree Management LP, Barclays PLC, XR Securities LLC, Cutler Group LLC CA, Simplex Trading LLC, SpiderRock Advisors LLC, and Focused Wealth Management Inc. 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. 4.61% of Snowflake's floating shares are currently sold short.

Snowflake saw a drop in short interest in May. As of May 15th, there was short interest totaling 12,830,000 shares, a drop of 2.8% from the previous total of 13,200,000 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.

Snowflake currently has issued a total of 325,000,000 shares. Some of Snowflake's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Snowflake currently has a public float of 278,550,000 shares.

4.61% of Snowflake's shares are currently sold short. Here is how the short interest of companies in the sector of "computer and technology" compare to Snowflake: NetEase, Inc. (0.73%), VMware, Inc. (0.60%), Atlassian Co. (2.18%), Autodesk, Inc. (1.33%), Cadence Design Systems, Inc. (1.39%), CrowdStrike Holdings, Inc. (3.05%), Synopsys, Inc. (0.89%), Datadog, Inc. (2.89%), Shopify Inc. (3.39%), ANSYS, Inc. (0.92%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling SNOW is an investing strategy that aims to generate trading profit from Snowflake as its price is falling. SNOW shares are trading up $7.93 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 Snowflake 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 SNOW, 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 SNOW, twice per month. The most recent reporting period available is May, 15 2023.