National Grid plc
NYSENational Grid saw short interest collapse by 51% over the past week, dropping to 994,540 shares as of March 31. The sharp decline suggests bears are rapidly unwinding positions in the UK utility giant. Short interest has now fallen below 1 million shares for the first time since mid-October 2025. The stock had previously drawn nearly 2.4 million shares short in mid-February, making the recent exodus particularly striking. Days to cover compressed to just 1.0, down from 1.3 a week earlier and 3.43 in late December. The metric indicates shorts can now exit their positions in a single trading session based on recent volume patterns. Cost to borrow declined 8% week-over-week to 0.39%, while utilization dropped to 14.67%. Both figures point to diminished shorting activity and ample share availability for new positions. NGG shares closed at $84.27 on April 21, down 5.3% over the past week but still up 2.8% for the month. The stock reports next earnings on May 14. Options sentiment shifted notably bearish, with the put/call ratio spiking to 0.64 on April 21 — well above the 20-day average of 0.39 and registering a z-score of 3.99. The divergence between declining short interest and rising put activity suggests hedging behavior rather than directional conviction. The Multi-Utilities sector company faces minimal shorting pressure at current levels. Whether this represents capitulation or merely a pause remains to be seen. This is not financial advice. ORTEX data may contain inaccuracies.
National Grid Short Interest Plunges Over 50%
National Grid saw short interest collapse by 51% over the past week, dropping to 994,540 shares as of March 31. The sharp decline suggests bears are rapidly unwinding positions in the UK utility giant. Short interest has now fallen below 1 million shares for the first time since mid-October 2025. The stock had previously drawn nearly 2.4 million shares short in mid-February, making the recent exodus particularly striking. Days to cover compressed to just 1.0, down from 1.3 a week earlier and 3.43 in late December. The metric indicates shorts can now exit their positions in a single trading session based on recent volume patterns. Cost to borrow declined 8% week-over-week to 0.39%, while utilization dropped to 14.67%. Both figures point to diminished shorting activity and ample share availability for new positions. NGG shares closed at $84.27 on April 21, down 5.3% over the past week but still up 2.8% for the month. The stock reports next earnings on May 14. Options sentiment shifted notably bearish, with the put/call ratio spiking to 0.64 on April 21 — well above the 20-day average of 0.39 and registering a z-score of 3.99. The divergence between declining short interest and rising put activity suggests hedging behavior rather than directional conviction. The Multi-Utilities sector company faces minimal shorting pressure at current levels. Whether this represents capitulation or merely a pause remains to be seen. This is not financial advice. ORTEX data may contain inaccuracies.
Snapshot as of 9 May 2026
No long-form analysis yet for NGG. Pulse alerts and the live data picture are available on ORTEX.
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