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Short interest in Fortinet Inc (NASDAQ:FTNT) increased during the last reporting period, rising from 12.98M to 13.72M. This put 2.17% of the company's publicly available shares short.
Short interest for Fortinet gives investors a sense of the degree to which investors are betting on the decline of Fortinet's stock. Short interest data is updated every two weeks.
Based on the recent average volume of 3.73M shares traded per day, it would take 3.67 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.
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