NetApp has dropped 16% in a week to $190.78, yet short sellers are quietly reducing exposure, creating an unusual gap between the stock's sharp fall and what the positioning data actually shows. The lending market tells a story of retreating conviction, not mounting pressure. Short interest has fallen 24% over the past month to 3.96% of the free float, roughly 7.8 million shares…
NTAP short interest drops 31% in a week, down to 4.0% of float, as stock rallies 7.1% and cost to borrow stays flat near 0.47%.
Key data as of 10 Nov 2026
NTAP short interest drops 31% in a week, down to 4.0% of float, as stock rallies 7.1% and cost to borrow stays flat near 0.47%.
NTAP downgraded to Equal-Weight by Barclays, target unchanged at $219; stock at $239, up 20% this month on AI momentum despite margin headwinds.
NetApp heads into its May 28 quarterly report with a curious split: the stock is up 15% over the past month, yet short sellers have been adding to their positions throughout the rally. Short interest tells a clearly…
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