What Days to Cover Really Means

Days to cover divides short interest by average daily volume. It asks, roughly, how many average sessions it might take to buy back the reported short inventory if volume stayed typical.

If a stadium emptied through one exit, days-to-cover style math estimates how long the line might take at a normal walking pace — not whether someone will shout “fire” and change the pace.

Higher readings mean a thicker short inventory relative to usual volume. We show the FINRA as-of date beside the figure and compare with the prior snapshot when available.

Volume is not constant. Borrow availability and corporate actions matter. Days to cover is a liquidity sketch, not a prediction that covering will happen.