NETFLIX INC (NFLX) Short Interest

Shares short, days to cover, historical percentile

NFLX Short Interest & Days to Cover

NETFLIX INC (NFLX) currently has 92.2M shares short as of the Jul 31, 2026 settlement date, or about 1.6 days to cover at current trading volume. That is lower than 55% of the 158 readings on record since Jan 15, 2020, on a days-to-cover basis. Shares short have fallen for 2 straight reporting periods. Looking at recent periods where short interest increased, the stock is now averaging -3.0% since those additions, recent short sellers are broadly profitable on that basis.

Historical Level
Around normal
45th percentile of 158 readings since Jan 15, 2020
Trend
Falling, 2 reports
Current: 92.2M shares short
Days to Cover
1.6 days · Moderate
45th percentile for this stock
Current Short Position
Shares short
92.2M
Days to cover
1.6
Days-to-cover percentile
45th
Avg daily volume
56.1M
Est. $ value of short position
$7.53B

As of the Jul 31, 2026 settlement date, short interest is reported roughly every two weeks, not in real time.

See NFLX's full volatility profile →
Is This Normal for NFLX?

Days to cover, compared against every biweekly reading on record for this stock specifically, not the market as a whole.

Historical average
1.8 days
Historical median
1.7 days
Highest on record
4.1 days
Nov 14, 2025
Lowest on record
0.8 days
Dec 30, 2022
Are Shorts Covering, or Building a Bigger Bet?

Short interest moving alone does not say much, what matters is whether it is moving with or against the price. Each period below compares the change in short interest to the stock's move over the same window.

Settlement DateSI ChangeRead
Jul 31, 2026-7.6%Covering into weakness
Jul 15, 2026-4.2%Covering into strength
Jun 30, 2026+3.1%Building into weakness
Jun 15, 2026-0.5%
May 29, 2026+3.6%Building into weakness
May 15, 2026+3.1%Building into weakness
Apr 30, 2026+21.9%Building into weakness
Apr 15, 2026-3.0%Covering into strength
Are Short Sellers Winning?

Comparing the stock's price at each recent short-interest-increase to where it trades today. An estimate based on settlement-date prices, not any individual short seller's real entry.

Avg return since these additions
-3.0%
Shorts profitable in
67% of these periods
Build DatePrice ThenReturn Since
Feb 13, 2026$76.87+6.3%
Feb 27, 2026$96.24-15.1%
Apr 30, 2026$93.61-12.7%
May 15, 2026$87.02-6.1%
May 29, 2026$86.02-5.0%
Jun 30, 2026$71.40+14.5%
What Happened Last Time Short Interest Was This High?

The 40 periods where short interest was in the top quarter of NFLX's own history on record (+2.21% or higher), and what followed.

Forward WindowAvg ReturnWin Rate
3 months+4.4%72% (n=36)
6 months+3.7%60% (n=35)
12 months+1.1%50% (n=34)

A historical pattern in NFLX's own data, not a prediction.

Biggest Short Interest Moves on Record
Biggest builds
Nov 14, 2025 · +117.2% (4.1 days to cover)
Apr 29, 2022 · +70.0% (1.1 days to cover)
Jan 31, 2022 · +31.3% (1.9 days to cover)
Biggest covers
Nov 28, 2025 · -48.7% (2.0 days to cover)
Mar 31, 2022 · -21.1% (0.9 days to cover)
Dec 30, 2022 · -19.5% (0.8 days to cover)
Complete Short Interest History

Every biweekly settlement reading on record, most recent first. Page 1 of 4.

Settlement DateShares ShortDays to CoverAvg Daily VolumeChange
Jul 31, 202692.2M1.656.1M-7.6%
Jul 15, 202699.8M2.442.2M-4.2%
Jun 30, 2026104.1M2.541.2M+3.1%
Jun 15, 2026101.0M2.737.8M-0.5%
May 29, 2026101.6M2.639.5M+3.6%
May 15, 202698.0M2.244.0M+3.1%
Apr 30, 202695.1M2.146.2M+21.9%
Apr 15, 202678.0M1.648.2M-3.0%
Mar 31, 202680.4M1.649.8M-0.9%
Mar 13, 202681.1M1.748.7M-9.6%
Feb 27, 202689.6M1.850.4M+8.1%
Feb 13, 202682.9M1.847.1M+9.1%
Jan 30, 202676.0M1.646.2M+8.1%
Jan 15, 202670.3M1.645.1M+3.8%
Dec 31, 202567.8M1.643.3M-7.9%
Dec 15, 202573.6M1.742.5M-2.2%
Nov 28, 202575.2M2.037.5M-48.7%
Nov 14, 2025146.5M4.135.8M+117.2%
Oct 31, 202567.4M2.034.1M+11.5%
Oct 15, 202560.5M1.932.3M-5.9%
Sep 30, 202564.3M2.032.3M-7.6%
Sep 15, 202569.6M2.232.2M+5.2%
Aug 29, 202566.1M2.131.9M-0.6%
Aug 15, 202566.5M2.032.4M+4.0%
Jul 31, 202563.9M1.934.4M+3.2%
Jul 15, 202562.0M1.835.0M-9.0%
Jun 30, 202568.1M1.740.9M-4.3%
Jun 13, 202571.2M1.644.4M-9.1%
May 30, 202578.3M1.649.5M-3.9%
May 15, 202581.4M1.651.2M-0.5%
Apr 30, 202581.8M1.650.3M+1.5%
Apr 15, 202580.5M1.649.7M-0.2%
Mar 31, 202580.7M1.845.9M-0.9%
Mar 14, 202581.4M1.941.8M+10.4%
Feb 28, 202573.8M2.036.2M+4.7%
Feb 14, 202570.4M1.936.3M+11.2%
Jan 31, 202563.3M1.834.7M-0.9%
Jan 15, 202563.9M1.933.2M-7.4%
Dec 31, 202469.0M2.132.3M-4.6%
Dec 13, 202472.4M2.232.6M-2.5%
Nov 29, 202474.2M2.332.2M-3.2%
Nov 15, 202476.7M2.530.8M-4.7%
Oct 31, 202480.5M2.531.7M+12.3%
Oct 15, 202471.7M2.331.1M-0.7%
Sep 30, 202472.2M2.331.5M-8.5%
Sep 13, 202478.9M2.432.3M-2.2%
Aug 30, 202480.7M2.532.3M+9.1%
Aug 15, 202474.0M2.332.5M+14.0%
Jul 31, 202464.9M2.032.4M-12.2%
Jul 15, 202473.9M2.134.8M-6.9%
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Frequently Asked Questions
What is NFLX's current short interest?

NETFLIX INC has 92.2M shares sold short as of Jul 31, 2026. Days to cover is 1.6.

Is NFLX's short interest high or low right now?

On a days-to-cover basis, current short interest is lower than 55% of the 158 biweekly readings on record, spanning Jan 15, 2020 to Jul 31, 2026. The historical average days to cover is 1.8, and the highest on record is 4.1 days, on Nov 14, 2025.

Is short interest in NFLX rising or falling?

Shares short have fallen for 2 consecutive reporting periods.

Are short sellers in NFLX currently winning or losing?

Looking at the 6 most recent periods where short interest increased, the stock has averaged -3.0% since those additions, with price now below the entry level in 67% of those cases. This is an estimate based on the price at each settlement date, not a precise tracking of any individual short seller's actual entry.

What has historically happened after NFLX's short interest was this high?

In the 40 periods where days to cover was in the top quarter of this ticker's own history (2.2 days or higher), the stock averaged +3.7% over the following 6 months (positive 60% of the time, n=35). This is a historical pattern, not a prediction.

Sourced from biweekly exchange short interest settlement data for NFLX, not real-time. This page does not include cost-to-borrow, daily short volume, dark pool activity, or failure-to-deliver data, none of which exist in this data source. This is historical data, not investment advice. Read disclaimer →