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Shopify (SHOP) Short Interest Ratio & Short Volume

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$101.51 -1.78 (-1.72%)
Closing price 04:00 PM Eastern
Extended Trading
$101.50 -0.01 (-0.01%)
As of 06:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Shopify Short Interest Data

Shopify (SHOP) has a short interest of 21.32 million shares, representing 1.76% of the float (the number of shares available for trading by the public). This marks a -2.34% decrease in short interest from the previous month. The short interest ratio (days to cover) is 1.8, indicating that it would take 1.8 days of the average trading volume of 9.48 million shares to cover all short positions.

Current Short Interest
21,320,000 shares
Previous Short Interest
21,830,000 shares
Change Vs. Previous Month
-2.34%
Dollar Volume Sold Short
$2.03 billion
Short Interest Ratio
1.8 Days to Cover
Last Record Date
April 30, 2025
Outstanding Shares
1,294,821,000 shares
Float Size
1,210,000,000 shares
Short Percent of Float
1.76%
Today's Trading Volume
5,996,877 shares
Average Trading Volume
9,480,329 shares
Today's Volume Vs. Average
63%
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Short Interest ChartDays to Cover ChartShort Percent of Float Chart

SHOP Short Interest Over Time

SHOP Days to Cover Over Time

SHOP Percentage of Float Shorted Over Time

Shopify Short Interest History

Export to Excel
Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/30/202521,320,000 shares $2.03 billion -2.3%1.8%1.8 $95.00
4/15/202521,830,000 shares $1.83 billion +34.2%1.8%2 $83.91
3/31/202516,270,000 shares $1.55 billion +7.4%1.3%1.6 $95.48
3/15/202515,150,000 shares $1.44 billion -4.7%1.3%1.9 $94.88
2/28/202515,890,000 shares $1.78 billion +3.2%1.3%2 $111.97
2/15/202515,400,000 shares $1.98 billion +16.9%1.3%2.1 $128.36
1/31/202513,170,000 shares $1.54 billion -22.0%1.1%1.5 $116.70
1/15/202516,890,000 shares $1.76 billion +4.4%1.4%2.3 $104.31
12/31/202416,180,000 shares $1.72 billion -2.7%1.3%2.2 $106.33
12/15/202416,620,000 shares $1.91 billion +7.8%1.4%2.3 $114.63
11/30/202415,420,000 shares $1.78 billion -9.7%1.3%2.1 $115.60
11/15/202417,070,000 shares $1.85 billion -20.3%1.4%2.4 $108.48
10/31/202421,420,000 shares $1.68 billion -0.9%1.8%3.7 $78.20
10/15/202421,620,000 shares $1.77 billion +3.3%1.8%2.9 $81.94
9/30/202420,940,000 shares $1.68 billion -2.2%1.7%2.6 $80.15
9/15/202421,420,000 shares $1.55 billion -0.9%1.8%2.5 $72.45
8/31/202421,610,000 shares $1.60 billion +0.6%1.8%2.4 $74.07
8/15/202421,490,000 shares $1.61 billion +13.7%1.8%2.1 $74.86
7/31/202418,900,000 shares $1.16 billion +0.4%1.6%1.6 $61.20
7/15/202418,830,000 shares $1.21 billion -4.6%1.6%1.8 $64.23
6/30/202419,730,000 shares $1.30 billion -13.7%1.6%1.9 $66.05
6/15/202422,870,000 shares $1.55 billion +16.2%1.9%2.2 $67.66
5/31/202419,680,000 shares $1.16 billion -0.9%1.6%2 $59.15
5/15/202419,860,000 shares $1.17 billion +24.3%1.7%2.1 $58.77
4/30/202415,980,000 shares $1.12 billion -2.1%1.3%1.6 $70.19
4/15/202416,330,000 shares $1.12 billion -3.8%1.4%1.8 $68.55
3/31/202416,970,000 shares $1.31 billion -6.4%1.4%1.8 $77.17
3/15/202418,130,000 shares $1.40 billion -4.9%1.5%1.9 $77.15
2/29/202419,060,000 shares $1.46 billion -13.6%1.6%1.9 $76.37
2/15/202422,050,000 shares $1.85 billion -14.1%1.8%2 $84.02
1/31/202425,680,000 shares $2.06 billion -1.0%2.5%2.5 $80.07
1/15/202425,930,000 shares $2.11 billion -5.6%2.6%2.3 $81.40
12/31/202327,480,000 shares $2.14 billion +2.8%2.4%2.4 $77.90
12/15/202326,720,000 shares $2.05 billion +2.3%2.3%2.3 $76.89
11/30/202326,110,000 shares $1.90 billion -0.4%2.3%2.3 $72.82
11/15/202326,220,000 shares $1.78 billion +6.8%2.3%2.3 $67.86
10/31/202324,560,000 shares $1.16 billion -9.8%2.1%2.2 $47.20
10/15/202327,240,000 shares $1.40 billion -3.3%2.4%2.5 $51.55
9/30/202328,180,000 shares $1.54 billion +5.4%2.4%2.5 $54.57
9/15/202326,730,000 shares $1.67 billion +3.8%2.3%2.4 $62.42
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8/31/202325,760,000 shares $1.71 billion +7.0%2.2%2.2 $66.47
8/15/202324,080,000 shares $1.33 billion +13.1%2.1%1.9 $55.34
7/31/202321,290,000 shares $1.44 billion -26.2%1.8%1.5 $67.58
7/15/202328,850,000 shares $1.97 billion +1.7%2.5%1.9 $68.45
6/30/202328,360,000 shares $1.83 billion -21.5%2.5%1.9 $64.60
6/15/202336,140,000 shares $2.39 billion -5.8%3.1%2.3 $66.12
5/31/202338,350,000 shares $2.19 billion -0.6%3.3%2.4 $57.18
5/15/202338,590,000 shares $2.38 billion +7.1%3.4%2.3 $61.58
4/30/202336,020,000 shares $1.75 billion +2.1%3.2%2 $48.45
4/15/202335,270,000 shares $1.64 billion -2.7%3.1%1.9 $46.39
3/31/202336,250,000 shares $1.74 billion -5.6%3.2%1.9 $47.94
3/15/202338,400,000 shares $1.67 billion -16.3%3.4%1.9 $43.54
2/28/202345,890,000 shares $1.89 billion +7.8%4.1%2.2 $41.14
2/15/202342,590,000 shares $2.27 billion -7.7%3.8%2 $53.39
1/31/202346,120,000 shares $2.27 billion +20.1%4.9%2.2 $49.27
1/15/202338,400,000 shares $1.49 billion +13.8%4.1%1.7 $38.89
12/30/202233,740,000 shares $1.17 billion -6.4%3.6%1.4 $34.71
12/15/202236,030,000 shares $1.31 billion +1.1%3.8%1.4 $36.39
11/30/202235,630,000 shares $1.46 billion -1.8%3.8%1.3 $40.88
11/15/202236,280,000 shares $1.45 billion -13.0%3.8%1.3 $40.02
10/31/202241,710,000 shares $1.43 billion +0.5%4.4%1.4 $34.23
10/15/202241,490,000 shares $1.08 billion -15.1%4.4%1.4 $26.06
9/30/202248,880,000 shares $1.32 billion -3.5%5.2%1.6 $26.94
9/15/202250,670,000 shares $1.72 billion +2.8%4.5%1.6 $33.85
8/31/202249,280,000 shares $1.56 billion +8.3%N/A1.5 $31.65
8/15/202245,490,000 shares $1.81 billion -21.5%N/A1.3 $39.84
7/31/202257,950,000 shares $2.02 billion +3.3%N/A1.4 $34.83
7/15/202256,100,000 shares $1.75 billion +33.5%N/A1.3 $31.27
6/30/20224,201,000 shares $131.24 million -22.3%N/A1 $31.24
6/15/20225,260,000 shares $171.49 million -2.2%4.6%1.2 $32.60
5/31/20225,380,000 shares $2.02 billion -1.5%4.7%1.3 $375.12
5/15/20225,460,000 shares $2.20 billion +5.8%4.8%1.4 $402.48
4/30/20225,160,000 shares $2.20 billion +17.5%4.5%1.5 $426.82
4/15/20224,390,000 shares $2.54 billion +8.4%3.9%1.4 $579.51
3/31/20224,050,000 shares $2.74 billion +15.4%3.6%1.4 $675.96
3/15/20223,510,000 shares $1.94 billion +50.0%3.1%1.3 $553.43
2/28/20222,340,000 shares $1.62 billion -6.0%2.1%1 $694.26
2/15/20222,490,000 shares $2.21 billion +4.2%2.2%1.2 $889.50
1/31/20222,390,000 shares $2.30 billion +8.1%2.1%1.4 $964.24
1/15/20222,210,000 shares $2.44 billion +0.9%2.0%1.5 $1,102.91
12/31/20212,190,000 shares $3.02 billion +15.3%1.9%2 $1,377.39
12/15/20211,900,000 shares $2.60 billion +1.6%1.7%1.8 $1,368.08
11/30/20211,870,000 shares $2.85 billion +3.3%1.7%1.9 $1,521.79
11/15/20211,810,000 shares $3.00 billion -17.0%1.6%1.9 $1,656.50
10/29/20212,180,000 shares $3.20 billion +16.0%1.9%2.4 $1,466.73
10/15/20211,880,000 shares $2.68 billion +13.9%1.7%2.1 $1,424.58
9/30/20211,650,000 shares $2.24 billion +1.9%1.5%1.7 $1,355.78
9/15/20211,620,000 shares $2.39 billion -8.0%1.4%1.5 $1,474.94
8/31/20211,760,000 shares $2.68 billion +3.5%1.6%1.4 $1,524.78
8/13/20211,700,000 shares $2.55 billion No Change1.5%1.3 $1,498.00
Gold Hits New Highs as Global Markets Spiral (Ad)

When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. Now… as new tariffs take effect, gold is breaking records again. You've hopefully already seen this in action… but gold is surpassing $3,000 per ounce for the first time EVER.

Go Here to Learn What's Happening and How to Prepare >>
7/15/20211,700,000 shares $2.45 billion +0.6%1.5%1.1 $1,441.50
6/30/20211,690,000 shares $2.47 billion -2.3%1.5%1.2 $1,460.98
6/15/20211,730,000 shares $2.29 billion -3.9%1.5%1.2 $1,321.08
5/28/20211,800,000 shares $2.24 billion +1.7%1.6%1.4 $1,242.87
5/14/20211,770,000 shares $1.85 billion +29.2%N/A1.2 $1,047.77
4/30/20211,370,000 shares $1.69 billion -9.9%N/A0.9 $1,233.07
4/15/20211,520,000 shares $1.79 billion -15.6%N/A1.1 $1,179.86
3/31/20211,800,000 shares $1.89 billion +1.1%N/A1.3 $1,048.68
3/15/20211,780,000 shares $2.03 billion +60.4%N/A1.3 $1,140.63
2/26/20211,110,000 shares $1.38 billion -11.2%N/A0.8 $1,245.10
2/12/20211,250,000 shares $1.83 billion +15.7%N/A0.9 $1,463.31
1/29/20211,080,000 shares $1.21 billion -15.0%N/A0.8 $1,120.57
1/15/20211,270,000 shares $1.50 billion +11.4%N/A0.9 $1,178.86
12/31/20201,140,000 shares $1.33 billion +9.6%N/A0.8 $1,163.00
12/15/20201,040,000 shares $1.10 billion -28.8%N/A0.7 $1,059.17
11/30/20201,460,000 shares $1.51 billion -5.2%N/A0.9 $1,034.39
11/15/20201,540,000 shares $1.41 billion +38.7%N/A0.9 $918.30
10/30/20201,110,000 shares $1.08 billion -21.3%N/A0.6 $977.00
10/15/20201,410,000 shares $1.53 billion -11.9%N/A0.7 $1,082.12
9/30/20201,600,000 shares $1.64 billion +1.3%N/A0.7 $1,022.97
9/15/20201,580,000 shares $1.47 billion -0.6%N/A0.7 $929.39
8/31/20201,590,000 shares $1.70 billion -7.6%N/A0.6 $1,066.42
8/14/20201,720,000 shares $1.70 billion +6.8%N/A0.7 $987.90
7/31/20201,610,000 shares $1.65 billion -4.2%N/A0.5 $1,024.00
7/15/20201,680,000 shares $1.61 billion -9.7%N/A0.5 $959.45
6/30/20201,860,000 shares $1.77 billion -4.1%N/A0.5 $949.20
6/15/20201,940,000 shares $1.56 billion -14.2%N/A0.5 $805.47
5/29/20202,260,000 shares $1.71 billion -7.0%N/A0.6 $757.80

SHOP Short Interest - Frequently Asked Questions

What is Shopify's current short interest?

Short interest is the volume of Shopify shares that have been sold short but have not yet been covered or closed out. As of April 30th, traders have sold 21,320,000 shares of SHOP short. 1.76% of Shopify's shares are currently sold short. Learn More on Shopify's current short interest.

What is a good short interest ratio for Shopify?

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. SHOP shares currently have a short interest ratio of 2.0. Learn More on Shopify's short interest ratio.

Which institutional investors are shorting Shopify?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Shopify: CTC LLC, Goldman Sachs Group Inc., Parallax Volatility Advisers L.P., Millennium Management LLC, CMT Capital Markets Trading GmbH, Capital Markets Trading UK LLP, Cubist Systematic Strategies LLC, Royal Bank of Canada, Nomura Holdings Inc., Twin Tree Management LP, Susquehanna International Group LLP, HAP Trading LLC, Eisler Capital Management Ltd., PEAK6 LLC, Torno Capital LLC, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Maven Securities LTD, Arrowpoint Investment Partners Singapore Pte. Ltd., HighTower Advisors LLC, JPMorgan Chase & Co., National Bank of Canada FI, SG Americas Securities LLC, and Wealth Enhancement Advisory Services LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Shopify?

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. 1.76% of Shopify's floating shares are currently sold short.

Is Shopify's short interest increasing or decreasing?

Shopify saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,320,000 shares, a decline of 2.3% from the previous total of 21,830,000 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.

What is Shopify's float size?

Shopify currently has issued a total of 1,294,821,000 shares. Some of Shopify'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. Shopify currently has a public float of 1,210,000,000 shares.

How does Shopify's short interest compare to its competitors?

1.76% of Shopify's shares are currently sold short. Here is how the short interest of companies in the industry of "computer software" compare to Shopify: SAP SE (0.18%), Palantir Technologies Inc. (3.57%), AppLovin Co. (4.78%), CrowdStrike Holdings, Inc. (3.65%), Infosys Limited (2.29%), NetEase, Inc. (0.42%), Snowflake Inc. (2.85%), Atlassian Co. (1.87%), Cloudflare, Inc. (1.76%), Roblox Co. (2.51%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Spotify Technology S.A. ($4.67 billion), Charter Communications, Inc. ($4.58 billion), Capital One Financial Co. ($4.47 billion), The Kroger Co. ($2.56 billion), Reddit, Inc. ($2.23 billion), Rivian Automotive, Inc. ($2.16 billion), Live Nation Entertainment, Inc. ($1.90 billion), SoFi Technologies, Inc. ($1.85 billion), Zscaler, Inc. ($1.75 billion), and Omnicom Group Inc. ($1.75 billion). View all of the most shorted stocks.

What does it mean to sell short Shopify stock?

Short selling SHOP is an investing strategy that aims to generate trading profit from Shopify as its price is falling. SHOP shares are trading down $0.93 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.

How does a short squeeze work against Shopify?

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

How often is Shopify'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 SHOP, twice per month. The most recent reporting period available is April, 30 2025.



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This page (NYSE:SHOP) was last updated on 5/23/2025 by MarketBeat.com Staff
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