{"slug":"what-is-days-to-cover","qid":"crowding_two_ways","label":"Two crowding measures, six names: short interest as % of shares outstanding vs. days to cover","post_title":"What Is Days to Cover? Short Interest Ratio","post_url":"/blog/what-is-days-to-cover#q-crowding_two_ways","columns":["ticker","shares_short_m","pct_of_shares_out","days_to_cover","share_count_as_of"],"rows":[{"ticker":"GME","shares_short_m":55.9,"pct_of_shares_out":12.45,"days_to_cover":10.75,"share_count_as_of":"July 24, 2026"},{"ticker":"MU","shares_short_m":31.7,"pct_of_shares_out":2.8,"days_to_cover":1,"share_count_as_of":"July 24, 2026"},{"ticker":"TSLA","shares_short_m":79.1,"pct_of_shares_out":2,"days_to_cover":1.72,"share_count_as_of":"July 24, 2026"},{"ticker":"NVDA","shares_short_m":310.1,"pct_of_shares_out":1.28,"days_to_cover":1.99,"share_count_as_of":"July 24, 2026"},{"ticker":"MSFT","shares_short_m":89.1,"pct_of_shares_out":1.2,"days_to_cover":1.47,"share_count_as_of":"July 24, 2026"},{"ticker":"AAPL","shares_short_m":140.5,"pct_of_shares_out":0.96,"days_to_cover":1.73,"share_count_as_of":"July 24, 2026"}],"shape":"table","sql":"WITH share_counts AS (\n    SELECT ticker,\n           argMax(market_cap / price, date) AS shares_outstanding,\n           argMax(date, date) AS as_of\n    FROM global_markets.stocks_ratios\n    WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'TSLA', 'MU', 'GME')\n      AND market_cap > 0\n      AND price > 0\n    GROUP BY ticker\n)\nSELECT si.ticker AS ticker,\n       round(si.short_interest / 1e6, 1) AS shares_short_m,\n       round(si.short_interest / sc.shares_outstanding * 100, 2) AS pct_of_shares_out,\n       round(si.days_to_cover, 2) AS days_to_cover,\n       formatDateTimeInJodaSyntax(sc.as_of, 'MMMM d, yyyy') AS share_count_as_of\nFROM global_markets.stocks_short_interest AS si\nINNER JOIN share_counts AS sc ON sc.ticker = si.ticker\nWHERE si.settlement_date = '2026-06-30'\nORDER BY pct_of_shares_out DESC","computed_at":"2026-07-26T06:23:11.327461+00:00","elapsed":0.782330113}