Recent short interest data for the 3/13/2015 settlement date shows a decrease in short interest for shares of Apple Inc. (AAPL). As of March 13, the short interest for the iPhone maker totaled 65,741,792 shares, as compared to 72,721,976 shares since February 27, a decline of 10%. Average daily volume [AVM] for the same period fell by 5,225,625 to 57,349,079 shares from 62,574,704 shares. It is worth mentioning that ticker’s short interest has increased by more than 3 million shares, or nearly 5%, from the 1/15/2015 settlement date.
Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 1.15 days. Days-to-cover for AAPL decreased to 1.15 for the March 13 settlement date, as compared to 1.16 days at the February 27 report.
Apple Inc. has a beta of 0.96 and a short float of 1.13%. In the past 52 weeks, shares of Cupertino, Calif.-based tech giant have traded between a low of $73.05 and a high of $133.60 and are now at $125.02. Shares are up 67.60% year-over-year and 15.23% year-to-date.