Nasdaq Reports Increase in Short Interest Across Global Market Securities as of December 15, 2025

Short interest for Nasdaq securities increased to 18.38 billion shares as of December 15, 2025, versus 18.19 billion previously.

Quiver AI Summary

As of December 15, 2025, short interest in Nasdaq Global Market securities totaled over 15 billion shares, an increase from the previous period's 14.8 billion shares, with the average days to cover rising from 2.22 to 2.90 days. Similarly, short interest in Nasdaq Capital Market securities also grew, reaching approximately 3.37 billion shares compared to around 3.31 billion previously, with an increase in average daily volume days from 1.00 to 1.29. In total, short interest across all Nasdaq securities amounted to over 18.38 billion shares, up from about 18.19 billion, reflecting an average of 2.36 days to cover, compared to 1.82 days previously. Nasdaq continues to provide significant services in the financial markets, offering technology and data solutions to enhance market liquidity and transparency.

Potential Positives

Increased short interest across Nasdaq securities indicates heightened trading activity, which may reflect greater engagement from investors.
The rise in short interest to 2.36 days average daily volume suggests a potentially positive sentiment as investors anticipate market movements.
Nasdaq's status as a leading global technology company enhances its brand reputation and attracts more clients in the financial market.
The provided links for further information on Nasdaq short interest positions improve transparency and provide resources for investors and analysts.

Potential Negatives

Increased short interest across Nasdaq securities may indicate a growing lack of confidence among investors in the market, suggesting potential concerns about future performance.
The increase in average days shorted from 1.82 to 2.36 could imply that traders are anticipating further declines in stock prices, which may negatively impact overall market sentiment.
Overall increasing short interest may lead to heightened scrutiny and potential reputational risks for Nasdaq as it could be perceived as a sign of weakness in the market it operates.

FAQ

What is the total short interest reported for Nasdaq securities?

As of December 15, 2025, total short interest in Nasdaq securities was 18,382,401,029 shares.

How does the December 15 short interest compare to November 28?

The short interest increased from 18,191,305,171 shares on November 28 to 18,382,401,029 shares on December 15.

What does an increase in short interest imply?

An increase in short interest can indicate a rise in bearish sentiment among investors toward the securities in question.

Where can I find more information on Nasdaq short interest?

For more details, visit Nasdaq's dedicated short interest pages at http://www.nasdaq.com/quotes/short-interest.aspx or http://www.nasdaqtrader.com/asp/short_interest.asp.

What is the average daily volume of short interest for Nasdaq?

The average daily volume of short interest for all Nasdaq securities is 2.36 days as of December 15, 2025.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NDAQ Insider Trading Activity

$NDAQ insiders have traded $NDAQ stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:

BRADLEY J PETERSON (EVP, CIO) sold 11,508 shares for an estimated $1,022,715
JEREMY SKULE (EVP, CSO) has made 0 purchases and 5 sales selling 10,525 shares for an estimated $955,354.
MICHELLE LYNN DALY (SVP, Controller & PAO) sold 8,691 shares for an estimated $812,173
BRYAN EVERARD SMITH (EVP, CPO) sold 4,633 shares for an estimated $419,610
CHARLENE T BEGLEY sold 3,000 shares for an estimated $289,800

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NDAQ Revenue

$NDAQ had revenues of $2B in Q3 2025. This is an increase of 2.94% from the same period in the prior year.

You can track NDAQ financials on Quiver Quantitative's NDAQ stock page.

$NDAQ Congressional Stock Trading

Members of Congress have traded $NDAQ stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:

REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 3 times. They made 3 purchases worth up to $115,000 on 10/22, 10/09, 09/19 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$NDAQ Hedge Fund Activity

We have seen 556 institutional investors add shares of $NDAQ stock to their portfolio, and 450 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

THOMA BRAVO, L.P. removed 42,804,207 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $3,827,552,189
JANE STREET GROUP, LLC removed 6,051,447 shares (-84.0%) from their portfolio in Q3 2025, for an estimated $535,250,487
VANGUARD GROUP INC added 3,848,406 shares (+6.9%) to their portfolio in Q3 2025, for an estimated $340,391,510
BLACKROCK, INC. added 3,083,656 shares (+8.3%) to their portfolio in Q3 2025, for an estimated $272,749,373
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,470,201 shares (+53.8%) to their portfolio in Q3 2025, for an estimated $218,489,278
HARRIS ASSOCIATES L P removed 1,866,321 shares (-24.0%) from their portfolio in Q3 2025, for an estimated $165,076,092
SELECT EQUITY GROUP, L.P. added 1,737,608 shares (+140.9%) to their portfolio in Q3 2025, for an estimated $153,691,427

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NDAQ Analyst Ratings

Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 11/20/2025
Barclays issued a "Overweight" rating on 10/22/2025
Keefe, Bruyette & Woods issued a "Outperform" rating on 07/25/2025
UBS issued a "Buy" rating on 07/25/2025
Deutsche Bank issued a "Buy" rating on 07/25/2025
RBC Capital issued a "Outperform" rating on 07/25/2025
Piper Sandler issued a "Overweight" rating on 07/15/2025

To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.

$NDAQ Price Targets

Multiple analysts have issued price targets for $NDAQ recently. We have seen 11 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $104.0.

Here are some recent targets:

Michael Cyprys from Morgan Stanley set a target price of $111.0 on 12/22/2025
Benjamin Budish from Barclays set a target price of $114.0 on 12/12/2025
Bill Katz from TD Cowen set a target price of $96.0 on 10/22/2025
Patrick O'Shaughnessy from Raymond James set a target price of $100.0 on 10/13/2025
Richard Repetto from Piper Sandler set a target price of $104.0 on 08/04/2025
Ashish Sabadra from RBC Capital set a target price of $108.0 on 07/25/2025
Brian Bedell from Deutsche Bank set a target price of $105.0 on 07/25/2025

Full Release

NEW YORK, Dec. 24, 2025 (GLOBE NEWSWIRE) -- At the end of the settlement date of December 15, 2025, short interest in 3,486 Nasdaq Global Market ^SM securities totaled 15,012,659,234 shares compared with 14,879,370,342 shares in 3,453 Global Market issues reported for the prior settlement date of November 28, 2025. The mid-December short interest represents 2.90 days compared with 2.22 days for the prior reporting period.

Short interest in 1,683 securities on The Nasdaq Capital Market ^SM totaled 3,369,741,795 shares at the end of the settlement date of December 15, 2025, compared with 3,311,934,829 shares in 1,698 securities for the previous reporting period. This represents a 1.29 day average daily volume; the previous reporting period’s figure was 1.00.

In summary, short interest in all 5,169 Nasdaq® securities totaled 18,382,401,029 shares at the December 15, 2025 settlement date, compared with 5,151 issues and 18,191,305,171 shares at the end of the previous reporting period. This is 2.36 days average daily volume, compared with an average of 1.82 days for the prior reporting period.

The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

For more information on Nasdaq Short interest positions, including publication dates, visit http://www.nasdaq.com/quotes/short-interest.aspx or http://www.nasdaqtrader.com/asp/short_interest.asp .

About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn , on X @Nasdaq , or at www.nasdaq.com .

Media Contact:
Sam Raffalli
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bacf58c2-29b5-48ef-8618-a4e4088a92e2

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