Digitiliti (DIGI) Short Interest Ratio & Short Volume

Short interest is the volume of Digitiliti shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 4,700 shares of DIGI short. Learn More on Digitiliti'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. DIGI shares currently have a short interest ratio of 1.0. Learn More on Digitiliti's short interest ratio.

Here is how the short interest of companies in the sector of "computer and technology" compare to Digitiliti: Super Micro Computer, Inc. (18.04%), Western Digital Corporation (9.95%), NetApp, Inc. (4.11%), Pure Storage, Inc. (3.97%), Teradata Corporation (6.51%), Netlist, Inc. (3.51%), GSI Technology, Inc. (1.60%), Quantum Corporation (35.51%), Qualstar Corporation (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.05 billion), Occidental Petroleum Corporation ($3.06 billion), Moderna, Inc. ($2.37 billion), Paramount Global ($2.14 billion), T. Rowe Price Group, Inc. ($2.13 billion), Coinbase Global, Inc. ($2.00 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc ($1.77 billion), CarMax, Inc. ($1.59 billion), and Old Dominion Freight Line, Inc. ($1.56 billion). View all of the most shorted stocks.

Short selling DIGI is an investing strategy that aims to generate trading profit from Digitiliti as its price is falling. DIGI shares are trading down $0.00 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 Digitiliti 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 DIGI, 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 DIGI, twice per month. The most recent reporting period available is April, 30 2023.