Applied Digital (APLD) Short Interest Ratio & Short Volume

Short interest is the volume of Applied Digital shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 113,800 shares of APLD short. Learn More on Applied Digital'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. APLD shares currently have a short interest ratio of 3.0. Learn More on Applied Digital's short interest ratio.

Applied Digital saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 113,800 shares, a decline of 15.1% from the previous total of 134,000 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.

Here is how the short interest of companies in the sector of "financial services" compare to Applied Digital: CapStar Financial Holdings, Inc. (1.69%), Western Asset Emerging Markets Debt Fund Inc. (0.15%), American National Bankshares Inc. (0.57%), Highest Performances Holdings Inc. (0.01%), BNY Mellon High Yield Strategies Fund (0.13%), Learn CW Investment Co. (0.01%), John Hancock Financial Opportunities Fund (0.04%), Bexil Investment Trust (0.04%), Ellsworth Growth and Income Fund Ltd. (0.07%), IX Acquisition Corp. (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.71 billion), Charter Communications, Inc. ($4.05 billion), Lucid Group, Inc. ($2.70 billion), Rivian Automotive, Inc. ($2.50 billion), HP Inc. ($2.40 billion), GameStop Corp. ($2.04 billion), Wayfair Inc. ($1.89 billion), Plug Power Inc. ($1.87 billion), Live Nation Entertainment, Inc. ($1.82 billion), and Teladoc Health, Inc. ($1.80 billion). View all of the most shorted stocks.

Short selling APLD is an investing strategy that aims to generate trading profit from Applied Digital as its price is falling. APLD shares are trading up $0.02 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 Applied Digital 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 APLD, 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 APLD, twice per month. The most recent reporting period available is March, 31 2022.