Short Interest in Shopify Inc. (NASDAQ:SHOP) Drops By 27.0%

Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 8,607,150 shares, a drop of 27.0% from the January 15th total of 11,795,858 shares. Based on an average daily volume of 10,399,752 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 10,399,752 shares, the short-interest ratio is currently 0.8 days.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $112.70 on Friday. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19. The firm has a market capitalization of $146.72 billion, a P/E ratio of 121.18, a P/E/G ratio of 3.26 and a beta of 2.83. The stock has a 50 day moving average price of $150.31 and a 200-day moving average price of $150.64.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Bank of America increased their price target on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $126.00 price objective (down from $181.00) on shares of Shopify in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a research note on Monday, December 29th. Oppenheimer reaffirmed an “outperform” rating on shares of Shopify in a research report on Monday, December 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Thirty-one equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.97.

Hedge Funds Weigh In On Shopify

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHOP. Norges Bank bought a new position in shares of Shopify in the 4th quarter worth about $2,611,797,000. Jennison Associates LLC grew its holdings in Shopify by 64.3% in the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after purchasing an additional 7,403,821 shares during the period. Brown Advisory Inc. increased its stake in shares of Shopify by 5,193.6% during the second quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock valued at $238,419,000 after purchasing an additional 2,027,839 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Shopify by 19.9% during the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after purchasing an additional 1,781,530 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in shares of Shopify by 246,359.0% during the second quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock valued at $202,146,000 after purchasing an additional 1,759,003 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.