NTAP’s short interest surges to 18.55 million shares

Roman Campbell

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Netapp Inc shares valued at $105,490 were sold by O’Callahan Elizabeth M on Jan 12 ’26. At $105.49 per share, O’Callahan Elizabeth M sold 1,000 shares. The insider’s holdings dropped to 21,075 shares worth approximately $2.09 million following the completion of this transaction.

Also, ELIZABETH O’CALLAHAN purchased 1,000 shares, netting a total of over 105,490 in proceeds.

Before that, O’Callahan Elizabeth M had sold 1,000 shares from its account. In a trade valued at $117,370, the EVP, Chief Admin. Officer traded Netapp Inc shares for $117.37 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.19 million.

As published in a research note from Morgan Stanley on January 20, 2026, Netapp Inc [NTAP] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $89. As of November 26, 2025, Northland Capital has increased its “Market perform” rating to a “an Outperform” for NTAP. Earlier on November 17, 2025, Oppenheimer initiated its rating. Their recommendation was “a Perform” for NTAP stock.

Analyzing NTAP Stock Performance

On last trading session, Netapp Inc [NASDAQ: NTAP] rose 2.22% to $99.25. The stock’s lowest price that day was $97.001, but it reached a high of $99.56 in the same session. During the last five days, there has been a drop of approximately -7.82%. Over the course of the year, Netapp Inc shares have dropped approximately -19.75%.

Is Netapp Inc subject to short interest?

Stocks of Netapp Inc saw a sharp rise in short interest on 2025-12-31 jumping by 3.29 million shares to 18.55 million. Data from Yahoo Finance shows that the short interest on 2025-11-28 was 15.26 million shares. A jump of 17.74% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.86 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.86.

Which companies own the most shares of Netapp Inc (NTAP)?

In terms of Netapp Inc share price expectations, FactSet research, analysts set an average price target of 124 in the next 12 months, up nearly 27.72% from the previous closing price of $97.09. Analysts anticipate Netapp Inc stock to reach 137 by 2026, with the lowest price target being 89. In spite of this, 16 analysts ranked Netapp Inc stock as Buy at the end of 2026. On August 21, 2025, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and resumed coverage with a $115.

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