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Stock research / United States / SHOP / Short interest

Shopify Inc. short interest

18.9M shares of Shopify were sold short at the 30 October 2026 settlement, near the middle of its range over the last year (8.6M to 26.6M). Short sellers would need 2.6 days of normal trading to buy them back.

Shares sold short18.9Mat 30 Oct 2026
Change on the settlement before-9.0%-1% over a year
Days to cover2.59at 7.3M shares a day
Of shares in issue1.47%shares short over shares outstanding
New to this? How to read this page
  1. Short interest is the number of shares investors have borrowed and sold, betting the price will fall, and not yet bought back.
  2. Days to cover is shares short over an average day's trading: how many days it would take short sellers to buy them all back. Above 5 or so is high.
  3. Rising short interest says more investors are betting against the stock. A crowded short can also rise fast if shorts rush to buy back.
  4. Brokers report it twice a month to FINRA, about ten days after each settlement date.
  5. What is short interest?

Short interest, days to cover and the price

Short interest is near the middle of its range over the last year (8.6M to 26.6M), and the share price moved -16% over the last year.

Shares sold shortDays to coverShare price

Three charts on one timeline. Top: shares sold short at each settlement. Middle: days to cover, taller meaning shorts would need longer to buy back. Bottom: the share price, so you can see whether shorts added as the price fell or rose.

How it compares

every company on the site

    The bar ranks every company on the site from the lowest on the left to the highest on the right, in three equal thirds; the small figures under it are the values where each third starts, and the black tick is the middle company. The orange dot is this company; the grey ticks are the other companies in its industry (hover or tap for names). A hatched block is companies tied at none.

    Every settlement since 29 Dec 2017 as a table
    SettlementShares shortChangeAverage daily volumeDays to cover
    30 October 202618.9M-9.0%7.3M2.59
    15 October 202620.8M+3.0%7.9M2.64
    30 September 202620.2M+22.6%11.2M1.79
    15 September 202616.4M-11.1%9.1M1.80
    31 August 202618.5M+20.3%6.1M3.05
    14 August 202615.4M-23.5%13.8M1.12
    31 July 202620.1M-24.2%8.8M2.29
    15 July 202626.6M+24.7%6.9M3.84
    30 June 202621.3M+1.2%9.6M2.21
    15 June 202621.1M-2.9%8.0M2.65
    29 May 202621.7M-0.6%9.9M2.19
    15 May 202621.8M+14.2%18.5M1.18
    30 April 202619.1M-12.1%6.4M2.98
    15 April 202621.7M+30.3%7.9M2.74
    31 March 202616.7M-8.1%8.2M2.05
    13 March 202618.2M+10.6%9.6M1.89
    27 February 202616.4M+13.4%11.8M1.40
    13 February 202614.5M+68.2%23.6M1.00
    30 January 20268.6M-27.0%10.4M1.00
    15 January 202611.8M-22.4%5.6M2.09
    31 December 202515.2M-14.0%5.6M2.72
    15 December 202517.7M+1.6%6.5M2.73
    28 November 202517.4M+4.1%9.4M1.86
    14 November 202516.7M-12.5%10.3M1.63
    31 October 202519.1M-8.9%8.1M2.36
    15 October 202521.0M-2.4%8.8M2.39
    30 September 202521.5M+3.0%7.6M2.82
    15 September 202520.9M+12.6%5.7M3.67
    29 August 202518.5M-10.8%5.5M3.35
    15 August 202520.8M-8.4%11.7M1.77
    31 July 202522.7M-14.0%7.9M2.86
    15 July 202526.4M-0.2%6.3M4.21
    30 June 202526.4M-5.6%7.9M3.33
    13 June 202528.0M+3.0%8.4M3.33
    30 May 202527.2M+45.4%16.8M1.62
    15 May 202518.7M-12.3%16.3M1.15
    30 April 202521.3M-2.3%9.2M2.32
    15 April 202521.8M+34.2%17.6M1.24
    31 March 202516.3M+7.4%9.6M1.69
    14 March 202515.2M-4.6%11.1M1.36
    28 February 202515.9M+3.2%7.7M2.06
    14 February 202515.4M+16.9%11.6M1.33
    31 January 202513.2M-22.0%6.5M2.04
    15 January 202516.9M+4.4%6.0M2.80
    31 December 202416.2M-2.6%5.4M3.00
    13 December 202416.6M+7.8%7.0M2.38
    29 November 202415.4M-9.7%7.8M1.98
    15 November 202417.1M-20.3%14.7M1.16
    31 October 202421.4M-1.0%4.3M4.96
    15 October 202421.6M+3.3%5.0M4.32
    30 September 202420.9M-2.2%6.1M3.42
    13 September 202421.4M-0.9%5.4M3.95
    30 August 202421.6M+0.5%5.2M4.19
    15 August 202421.5M+13.7%16.9M1.28
    31 July 202418.9M+0.4%8.8M2.15
    15 July 202418.8M-4.6%6.6M2.86
    28 June 202419.7M-13.7%8.6M2.30
    14 June 202422.9M+16.2%10.9M2.09
    31 May 202419.7M-0.9%11.2M1.76
    15 May 202419.9M+24.3%17.8M1.12
    30 April 202416.0M-2.2%7.9M2.01
    15 April 202416.3M-3.8%8.1M2.01
    28 March 202417.0M-6.4%5.7M2.96
    15 March 202418.1M-4.9%7.5M2.41
    29 February 202419.1M-13.5%9.4M2.03
    15 February 202422.1M-14.1%16.6M1.33
    31 January 202425.7M-1.0%8.7M2.96
    12 January 202425.9M-5.6%10.4M2.50
    29 December 202327.5M+2.9%8.2M3.34
    15 December 202326.7M+2.3%10.1M2.63
    30 November 202326.1M-0.4%10.6M2.45
    15 November 202326.2M+6.8%16.3M1.61
    31 October 202324.6M-9.9%11.2M2.19
    13 October 202327.2M-3.3%10.5M2.59
    29 September 202328.2M+5.5%11.0M2.57
    15 September 202326.7M+3.8%8.6M3.09
    31 August 202325.8M+7.0%11.3M2.28
    15 August 202324.1M+13.1%14.4M1.68
    31 July 202321.3M-26.2%9.9M2.14
    14 July 202328.8M+1.7%12.0M2.40
    30 June 202328.4M-21.5%10.7M2.65
    15 June 202336.1M-5.8%16.9M2.14
    31 May 202338.3M-0.6%13.9M2.77
    15 May 202338.6M+7.1%25.8M1.50
    28 April 202336.0M+2.1%11.5M3.13
    14 April 202335.3M-2.7%13.1M2.68
    31 March 202336.2M-5.6%13.9M2.61
    15 March 202338.4M-16.3%17.1M2.24
    28 February 202345.9M+7.7%26.3M1.74
    15 February 202342.6M-7.7%20.1M2.12
    31 January 202346.1M+20.1%24.4M1.89
    13 January 202338.4M+13.8%19.2M2.00
    30 December 202233.7M-6.4%14.8M2.29
    15 December 202236.0M+1.1%23.7M1.52
    30 November 202235.6M-1.8%20.5M1.74
    15 November 202236.3M-13.0%26.3M1.38
    31 October 202241.7M+0.5%34.8M1.20
    14 October 202241.5M-15.1%29.9M1.39
    30 September 202248.9M-3.5%27.6M1.77
    15 September 202250.7M+2.8%27.9M1.81
    31 August 202249.3M+8.3%25.9M1.90
    15 August 202245.5M-21.5%33.9M1.34
    29 July 202257.9M+3.3%39.6M1.46
    15 July 202256.1M+33.5%23.7M2.36
    30 June 202242.0M+698.2%39.4M1.07
    15 June 20225.3M-2.2%4.1M1.28
    31 May 20225.4M-1.4%4.5M1.19
    13 May 20225.5M+5.8%6.8M1.00
    29 April 20225.2M+17.4%3.9M1.32
    14 April 20224.4M+8.4%3.0M1.44
    31 March 20224.1M+15.6%3.4M1.19
    15 March 20223.5M+49.7%2.8M1.24
    28 February 20222.3M-6.0%4.3M1.00
    15 February 20222.5M+4.2%2.0M1.26
    31 January 20222.4M+8.1%3.4M1.00
    14 January 20222.2M+0.9%1.8M1.24
    31 December 20212.2M+15.3%897K2.45
    15 December 20211.9M+1.7%1.2M1.60
    30 November 20211.9M+3.1%1.1M1.72
    15 November 20211.8M-16.7%1.1M1.70
    29 October 20212.2M+15.5%1.3M1.67
    15 October 20211.9M+13.9%797K2.36
    30 September 20211.7M+2.0%845K1.96
    15 September 20211.6M-7.8%737K2.20
    31 August 20211.8M+3.3%834K2.11
    13 August 20211.7M+8.0%1.0M1.68
    30 July 20211.6M-7.5%1.5M1.05
    15 July 20211.7M+0.7%1.3M1.28
    30 June 20211.7M-2.3%1.9M1.00
    15 June 20211.7M-3.8%960K1.80
    28 May 20211.8M+1.8%1.3M1.36
    14 May 20211.8M+28.7%1.4M1.24
    30 April 20211.4M-9.7%1.3M1.10
    15 April 20211.5M-15.6%953K1.60
    31 March 20211.8M+1.2%1.2M1.56
    15 March 20211.8M+59.6%1.8M1.00
    26 February 20211.1M-10.6%1.7M1.00
    12 February 20211.2M+14.9%1.3M1.00
    29 January 20211.1M-14.3%864K1.26
    15 January 20211.3M+11.5%1.0M1.21
    31 December 20201.1M+9.7%1.6M1.00
    15 December 20201.0M-29.2%1.1M1.00
    30 November 20201.5M-5.0%1.2M1.25
    13 November 20201.5M+38.4%1.6M1.00
    30 October 20201.1M-21.0%1.3M1.00
    15 October 20201.4M-12.0%1.2M1.17
    30 September 20201.6M+1.2%2.3M1.00
    15 September 20201.6M-0.1%2.0M1.00
    31 August 20201.6M-7.7%1.4M1.12
    14 August 20201.7M+6.5%1.7M1.04
    31 July 20201.6M-4.0%2.8M1.00
    15 July 20201.7M-9.6%2.9M1.00
    30 June 20201.9M-4.1%2.5M1.00
    15 June 20201.9M-14.4%1.9M1.02
    29 May 20202.3M-7.0%4.0M1.00
    15 May 20202.4M-14.0%3.7M1.00
    30 April 20202.8M-37.6%4.8M1.00
    15 April 20204.5M+23.1%2.9M1.55
    31 March 20203.7M+26.4%3.1M1.18
    13 March 20202.9M+18.3%2.8M1.06
    28 February 20202.5M-9.9%2.8M1.00
    14 February 20202.7M-10.5%2.7M1.00
    31 January 20203.1M-17.4%1.8M1.72
    15 January 20203.7M-12.6%1.4M2.58
    31 December 20194.2M-10.3%1.9M2.23
    13 December 20194.7M+12.8%2.7M1.75
    29 November 20194.2M-5.8%1.7M2.47
    15 November 20194.4M+6.8%2.0M2.24
    31 October 20194.2M+16.1%2.6M1.58
    15 October 20193.6M+1.9%2.1M1.67
    30 September 20193.5M-6.4%3.3M1.07
    13 September 20193.8M+5.2%2.9M1.30
    30 August 20193.6M-4.1%2.3M1.57
    15 August 20193.7M+1.8%2.2M1.67
    31 July 20193.7M-17.8%1.8M1.98
    15 July 20194.4M+1.8%1.6M2.85
    28 June 20194.4M-24.5%2.2M1.97
    14 June 20195.8M-1.5%1.7M3.37
    31 May 20195.9M+1.1%1.6M3.76
    15 May 20195.8M-14.0%2.5M2.33
    30 April 20196.7M-16.9%2.0M3.35
    15 April 20198.1M+2.0%1.8M4.57
    29 March 20198.0M+15.0%1.3M5.90
    15 March 20196.9M+19.8%1.3M5.22
    28 February 20195.8M-7.1%1.2M4.77
    15 February 20196.2M-17.1%1.9M3.36
    31 January 20197.5M-6.4%1.1M6.76
    15 January 20198.0M-8.8%1.2M6.43
    31 December 20188.8M-2.4%2.4M3.72
    14 December 20189.0M-10.5%2.0M4.49
    30 November 201810.1M-0.4%1.4M7.35
    15 November 201810.1M-6.8%1.5M6.66
    31 October 201810.8M+9.7%2.5M4.33
    15 October 20189.9M+5.6%1.6M6.33
    28 September 20189.4M-5.8%1.3M7.06
    14 September 20189.9M-15.8%1.5M6.50
    31 August 201811.8M-0.5%1.1M10.29
    15 August 201811.8M+24.9%1.5M7.99
    31 July 20189.5M-0.6%1.9M4.95
    13 July 20189.5M+5.1%925K10.31
    29 June 20189.1M+1.1%1.7M5.45
    15 June 20189.0M-19.7%1.4M6.54
    31 May 201811.2M+5.6%1.2M9.37
    15 May 201810.6M+0.7%2.3M4.53
    30 April 201810.5M+39.9%2.0M5.33
    13 April 20187.5M+32.6%1.9M4.02
    29 March 20185.7M+6.8%2.4M2.40
    15 March 20185.3M+9.6%1.4M3.90
    28 February 20184.8M-5.0%2.3M2.07
    15 February 20185.1M-14.8%2.6M1.93
    31 January 20186.0M+2.5%1.3M4.54
    12 January 20185.8M-1.7%904K6.45
    29 December 20175.9M680K8.73
    Shares in millions (M) or thousands (K); hold the pointer on a figure for the exact count. FINRA publishes consolidated short interest twice a month, about ten days after each settlement.