KORE Group Short Interest Surges 39% in March

The IoT connectivity provider saw a significant increase in short positions last month.

Mar. 29, 2026 at 8:19am

Got story updates? Submit your updates here. ›

KORE Group Holdings, Inc. (NYSE:KORE), a global provider of Internet of Things (IoT) connectivity and managed services, experienced a 39.2% increase in short interest during March. As of March 13th, there were 213,991 shares sold short, up from 153,705 shares at the end of February. Based on the company's average daily trading volume of 136,318 shares, the current short interest ratio is 1.6 days.

Why it matters

The rise in short interest suggests that some investors are betting against KORE's stock performance, potentially indicating concerns about the company's outlook or valuation. Short selling activity can influence a stock's price and volatility, so this development is worth monitoring for KORE shareholders and those following the IoT industry.

The details

KORE Group's short interest increased from 1.3% of its outstanding shares at the end of February to 1.8% as of March 13th. The company, which provides connectivity and managed services for IoT applications, has seen its stock price fluctuate in recent months after going public via a SPAC merger in 2021.

  • As of March 13th, 2026, KORE Group had 213,991 shares sold short.
  • On February 26th, 2026, KORE Group had 153,705 shares sold short.

The players

KORE Group Holdings, Inc.

A global provider of Internet of Things (IoT) connectivity and managed services, helping enterprises deploy, secure and scale their IoT applications.

Citadel Advisors LLC

A hedge fund that recently purchased a new stake in KORE Group.

State Street Corp

An institutional investor that increased its stake in KORE Group by 23.2% in the fourth quarter.

Renaissance Technologies LLC

A hedge fund that increased its position in KORE Group by 14.5% in the fourth quarter.

Got photos? Submit your photos here. ›

The takeaway

The surge in short interest for KORE Group indicates that some investors are bearish on the company's prospects, which could impact the stock's performance going forward. However, the company's recent institutional inflows and mixed analyst ratings suggest there are differing views on KORE's long-term outlook within the investment community.