Days to Cover

Combined estimate of trading days needed for shorts to cover, using both ASIC short data and ASX lending metrics

How We Calculate Days to Cover

Short DTC

Formula: Short Position (shares) ÷ 30-day Avg Volume

Uses ASIC short position data and Yahoo Finance volume. Measures all shorted shares.

Lending DTC

Formula: Borrowed Value ($) ÷ Daily Turnover ($)

From ASX securities lending data. Measures only borrowed positions from lending pool.

Combined Estimate

When both metrics are available, we average them for a more balanced estimate.

Short DTC captures all shorts (including derivatives hedging), while Lending DTC focuses on actual borrowed shares. The average provides a realistic middle ground.

10+ days - Significant time to cover

20+ days - Extended period, higher squeeze risk

Days to Cover Rankings

Ranked by combined DTC estimate. Higher = more trading days to cover.

Calculating days to cover...