{"slug":"highest-days-to-cover-stocks","qid":"dtc_by_liquidity","label":"Days to cover by liquidity band: median stays low, the extremes live in thin names","post_title":"Highest Days to Cover Stocks Right Now","post_url":"/blog/highest-days-to-cover-stocks#q-dtc_by_liquidity","columns":["liquidity_band","names","median_dtc","max_dtc"],"rows":[{"liquidity_band":"1 Very liquid (20M+ ADV)","names":159,"median_dtc":1.4,"max_dtc":7.7},{"liquidity_band":"2 Liquid (5-20M ADV)","names":562,"median_dtc":2.3,"max_dtc":14.5},{"liquidity_band":"3 Moderate (1-5M ADV)","names":1910,"median_dtc":3.3,"max_dtc":30.8},{"liquidity_band":"4 Thin (200k-1M ADV)","names":2906,"median_dtc":2.6,"max_dtc":237.4},{"liquidity_band":"5 Very thin (<200k ADV)","names":16801,"median_dtc":2.4,"max_dtc":1000}],"shape":"ranking","sql":"SELECT multiIf(avg_daily_volume >= 2e7, '1 Very liquid (20M+ ADV)',\n               avg_daily_volume >= 5e6, '2 Liquid (5-20M ADV)',\n               avg_daily_volume >= 1e6, '3 Moderate (1-5M ADV)',\n               avg_daily_volume >= 2e5, '4 Thin (200k-1M ADV)',\n                                        '5 Very thin (<200k ADV)') AS liquidity_band,\n       count() AS names,\n       round(quantileDeterministic(0.5)(days_to_cover, cityHash64(ticker)), 1) AS median_dtc,\n       round(max(days_to_cover), 1) AS max_dtc\nFROM global_markets.stocks_short_interest\nWHERE settlement_date = (SELECT max(settlement_date) FROM global_markets.stocks_short_interest)\n  AND days_to_cover > 0\n  AND ticker NOT IN ('SPCX')\nGROUP BY liquidity_band\nORDER BY liquidity_band","computed_at":"2026-08-22T04:06:34.890240+00:00","elapsed":0.033877671}